Liverpool owner John Henry has called for more 'limits on spending' in the Premier League in a move that would further restrict what Newcastle United could do in the transfer market.
Top-flight clubs are already bound by the Premier League's profit and sustainability rules, which allow for total losses of £105m over a three-year period, while clubs competing in Europe must also comply with UEFA's financial sustainability regulations. UEFA's squad cost rule will eventually cap what clubs can spend on wages, transfer fees and agents' fees to 70% of revenues from 2025/26 and Newcastle will be well-aware of that as the Magpies bid to get into Europe.
However, Henry, who was a supporter of the breakaway European Super League a couple of years ago, wants the Premier League to go a step further at a time when the top-flight, coincidentally, has been especially competitive this season. Arsenal, for instance, are five points clear at the top having not won the title since 2004; Newcastle are currently just a point off fifth-placed Liverpool with a game in hand; and Fulham, Brighton and Brentford are all above 10th-placed Chelsea in the table.
