Eddie Howe has suggested that Newcastle United must look from within if they are to completely overcome the PSR rule book.

There were sighs of relief yesterday as the Premier League announced that no clubs had endured financial penalties after the latest set of figures were filed to top-flight chiefs. Last January, Everton and Nottingham Forest had suffered points deductions but there was no such drama in early 2025.

And while Newcastle scraped over the June 30 financial health check deadline last year, it has now became abundantly clear had they not sold Elliot Anderson to Forest and Yankuba Minteh to Brighton & Hove Albion for a combined fee of £65million, the headlines could have been very different today.

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When asked if he dreamed of the day that Newcastle can get more use out of the Saudi millions in the background at St James' Park, Howe pointed to the club's off-field operations team on the ground on Tyneside. He suggested that increased stadium capacity and revenue schemes such as the club's STACK were the key to success moving forward as opposed to a drastic revamp in the PSR rule book.

Quite simply, Newcastle can only spend what they earn as per the current rules. And Howe told Chronicle Live: "I don't know how the rules are going to change or if they are going evolve through time, and I don't know how the club will continue to adapt to the rules.

"Or income is key and talk of new stadiums and all those things that will benefit us in our pursuit of bringing more income. They will be really important for us as a football club. That's for another day. My focus as always on the next game."

Reflecting on last year's tough June in which Academy star boy Anderson was sold, Howe said: "I think the club were educated last year. I don't think there was any surprise. I don't think it was an issue, going back a couple of years that might have been different as I don't think the clubs were fully understanding what the punishments would be.

"I think once they became apparent, that certainly got everyone thinking about the PSR situation. For us what happened last year was very difficult. It had a knock-on effect on what happened in the summer; PSR continues to affect our decision-making, whether that is a contract renewal or whatever the situation regarding our squad we have to think long and hard about making a decision we make.

"That will continue to be the case as long as the rules are the way we are. Certainly we are aware of everything and last year will serve as a good reminder."

When asked if Newcastle could repeat the Anderson sale and sell an up and coming star like Lewis Miley, Howe replied: "The last thing we want to do, or I want to do as the manager of the club, is to sell academy products who have the potential to play for this team for many years.

"Elliott was a case in point - it was the last sale we wanted to make. We knew his qualities and he had just broken into the team towards the back end of last season. He had performed really well in a variety of roles for us.

"But we were faced with literally no other option in that moment with 48 hours to go, we had to make a decision that we did not want to make. It will always be our last choice to do that. But, when you add up everything together and you go, “Well, it’s a points deduction and breaching PSR or making a sale, I think you have to make the sale."