Premier League,UEFA warn Newcastle incoming owners over transfer plans

Premier League and UEFA insist the new owners of Newcastle United must adhere to financial fair play.

The Premier League and UEFA say spending restrictions will stay in place.

Both governing bodies have their own versions of ‘financial fair play’ (FFP), with the Premier League limiting owner-subsidised losses to £105million over three years and UEFA limiting three-year losses to £26m.

Spokesmen for both organisations have reiterated that there are no plans for either set of FFP rules to be softened.

“That’s not under consideration,” said a Premier League spokesman.

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“The fundamental principles of FFP will remain unchanged,” said a UEFA spokesman.