Tottenham Hotspur chairman Daniel Levy has taken aim at Newcastle United’s owners after being quizzed about PSR in a recent interview.
It is well known that the Magpies struggled tremendously with PSR in 2024, with the consequences of heavy spending being felt from top to bottom on Tyneside.
Newcastle United were around £60million in the hole as the PSR deadline approached in June last year, and were forced to sell Elliot Anderson and Yankuba Minteh, two players who have gone on to do great things at their new clubs.
Elsewhere, the fallout from the sales even spread to the boardroom. Amanda Staveley and Mehrdad Ghodoussi left Newcastle in the aftermath of the PSR fiasco, leaving Eddie Howe without two promising young players and a trustworthy ally at the top.
While Newcastle’s PSR problems are now a thing of the past, they are still yet to reach the same financial heights as teams like Manchester City or Tottenham. It will be a long time before that happens, but Spurs chief Daniel Levy wanted to set the record straight during a recent interview.
Daniel Levy says PIF are ‘pumping’ millions into Newcastle United
Like Newcastle, Tottenham won their first trophy after many years last season, with Ange Postecoglou guiding Spurs to Europa League glory.
The Magpies are hoping to be in the same position as them in the future, where a European trophy win becomes more of a possibility. In the meantime, Newcastle remain that step below the likes of Spurs financially, as PSR and other rules in the Premier League have restricted their ability to match the ‘big six’ in revenue.
Newcastle and their recent PSR problems came up during an interview between Gary Neville and Levy on The Overlap, where Neville asked him how clubs like the Magpies can become one of the more financially powerful clubs.
“Isn’t it a testament if you look at what we’ve done?” Levy said.
“We haven’t had someone pumping hundreds of millions into the club, we’ve done it all on our own, we’ve been entrepreneurial, and we have increased our revenues to enable us to compete the best we can today.
“We’re all in a chain. I accept there are certain clubs that are bigger than us, but this league is very competitive and we can still beat a club with bigger revenues.”
Daniel Levy takes aim at related party sponsorships after Newcastle United jibe
Despite what the likes of Levy say, Newcastle have to carry on with their own plan and do everything in their power to get the club up the financial ladder.
Newcastle should become one of those powerhouses in years to come, but it remains to be seen how quickly they can do it due to other Premier League rules. Associated Party Transactions (APT) have stopped Newcastle from signing lucrative sponsorships since the takeover in 2021, but the hope is that those rules can be changed so the club sees more of a financial benefit.
Meanwhile, Levy could not stop taking another inadvertent swipe at Newcastle when asked which rules he would change if he were a football regulator.
“One of the biggest threats is related party sponsorships,” Levy added.
“That’s the area that has to be controlled because if you end up having clubs that are owned by states, which I have no issue with, they can do deals with themselves and that puts them in a competitive advantage over everybody else. That’s an area that must be looked at.”
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