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‘Not winning anything’ – Simon Jordan blasts Chelsea for exploiting PSR loophole
Simon Jordan has criticised the impact of Profit & Sustainability Rules on the Premier League. The top-flight’s financial regulations limit the losses clubs can make over a three-year period. Chelsea have been slammed for exploiting loopholes in PSRGetty talkSPORTJordan also criticised the impact of the rules on the Premier League[/caption] Everton and Nottingham Forest have both received points deductions in recent seasons for breaching the rules. Meanwhile, Chelsea were recently accused of ‘finding gaps’ in PSR to avoid suffering a breach. The Blues sold their women’s team to themselves last year and then reported a £128.4million profit. Jordan has now criticised the manner of Chelsea’s manoeuvre to avoid facing PSR sanctions as well as the rules as a whole. He told White & Jordan: “You can make the argument if you’ve got multi-club ownership and you buy players from one another, i.e. clubs selling players to clubs that they own themselves and inflating prices to be able to create outcomes. “It’s more cynical the way Chelsea have done it. It’s more contrived to be able to overcome PSR. That’s what it was created for. “That’s what makes a mockery of PSR. It’s driven a coach and horses through PSR. And we should get rid of this sham and this charade that is PSR. “So I think that whether they tighten the rules up, they should be looking at the bigger picture, which is what is PSR actually doing? “What has it done? What has it achieved? What did it do for football? Who has it prevented from having challenges? What is it given to the rest of football? Nothing. “It’s done nothing besides ultimately make the most competitive, financially well-heeled league in the world become less progressive in its thinking. The very nature of the Premier League was built out of ambition.” talkSPORTJordan cannot see a way for club’s to generate the revenue needed to challenge for trophies[/caption] Chelsea sold their women’s team to themselves before announcing a £128.4m profitGetty The Premier League is set to continue with PSR for another season after delaying the introduction of new financial regulations for clubs to adhere to. Jordan believes that the current restrictions prevent sides from bridging the gap to the top of the table and challenging for trophies. He added: “The team that wins the league are one of the sides that have got the most money and they’re able to build from that. “How are you going to get to a £500m or £600m turnover? How are you going to achieve it? “In order to achieve it, you’ve got to win football matches. To win football matches, you’ve got to have better players. To have better players, you’ve got to buy them. To be able to buy them, you’ve got to have bigger turnovers.” Asked about the clubs who have been able to establish themselves in the Premier League despite PSR rules, he exclaimed: “They’re not winning anything.” Clubs from the Premier League’s so-called ‘Big Six’ have won each of the last eight league titles and all-but-one of the last 29. Meanwhile, only two other clubs have won a domestic cup competition since 2013.
Simon Jordan has criticised the impact of Profit & Sustainability Rules on the Premier League.
The top-flight’s financial regulations limit the losses clubs can make over a three-year period.
Everton and Nottingham Forest have both received points deductions in recent seasons for breaching the rules.
Meanwhile, Chelsea were recently accused of ‘finding gaps’ in PSR to avoid suffering a breach.
The Blues sold their women’s team to themselves last year and then reported a £128.4million profit.
Jordan has now criticised the manner of Chelsea’s manoeuvre to avoid facing PSR sanctions as well as the rules as a whole.
He told White & Jordan: “You can make the argument if you’ve got multi-club ownership and you buy players from one another, i.e. clubs selling players to clubs that they own themselves and inflating prices to be able to create outcomes.
“It’s more cynical the way Chelsea have done it. It’s more contrived to be able to overcome PSR. That’s what it was created for.
“That’s what makes a mockery of PSR. It’s driven a coach and horses through PSR. And we should get rid of this sham and this charade that is PSR.
“So I think that whether they tighten the rules up, they should be looking at the bigger picture, which is what is PSR actually doing?
“What has it done? What has it achieved? What did it do for football? Who has it prevented from having challenges? What is it given to the rest of football? Nothing.
“It’s done nothing besides ultimately make the most competitive, financially well-heeled league in the world become less progressive in its thinking. The very nature of the Premier League was built out of ambition.”
The Premier League is set to continue with PSR for another season after delaying the introduction of new financial regulations for clubs to adhere to.
Jordan believes that the current restrictions prevent sides from bridging the gap to the top of the table and challenging for trophies.
He added: “The team that wins the league are one of the sides that have got the most money and they’re able to build from that.
“How are you going to get to a £500m or £600m turnover? How are you going to achieve it?
“In order to achieve it, you’ve got to win football matches. To win football matches, you’ve got to have better players. To have better players, you’ve got to buy them. To be able to buy them, you’ve got to have bigger turnovers.”
Asked about the clubs who have been able to establish themselves in the Premier League despite PSR rules, he exclaimed: “They’re not winning anything.”
Clubs from the Premier League’s so-called ‘Big Six’ have won each of the last eight league titles and all-but-one of the last 29.
Meanwhile, only two other clubs have won a domestic cup competition since 2013.
