BREAKING: CEO criticizes the ‘alarming’ plans of the PSR, as Newcastle United’s acquisition attorney is brought in

Newcastle United is one of the teams trying out squad cost rules and top to bottom holding.

The Players’ Football Association said that the PSR rules make players nothing more than “assets moved around on a balance sheet.”

CEO of the PFA Maheta Molango criticized the rules and told Premier League clubs not to put a price cap in place during a major speech at the TUC Congress in Brighton. It comes after top-flight teams decided to test squad cost rules and top-to-bottom holding in shadow along with the current PSR rules.

The squad cost rules say that a club can only spend up to 85% of its football income and net profit or loss on player sales on the field. Top to bottom anchoring, on the other hand, is a league-level rule that connects football costs to a multiple of the predicted lowest central distribution for that season. That’s why Darren Eales, CEO of Newcastle United, has kept comparing the rules to the “salary cap” he had to deal with as president of Atlanta United.

The Professional Footballers’ Association (PFA) is against any move that would do just that, and they have asked Nick De Marco, who used to play for Newcastle, to speak for them.

“They will say that these kinds of pay limits work in U.S. sports, so why shouldn’t they work here?” I asked Molango. “But we won’t hear about how, in the U.S., they are only one part of large collective bargaining agreements that leagues and player unions have worked out.”…