Thursday brought with it the decision that Profit and Sustainability Rules [PSR] are here to stay for next season, with Premier League clubs agreeing to continue ironing out potential changes further down the line.

Newcastle United know the issues with this model, having had their well-documented struggles with the regulations; being forced to sell academy products last summer and failing to strengthen Eddie Howe's starting XI for the last three windows.

"I felt really uncomfortable in the summer when we were forced to make sales of two really talented young players in Elliot Anderson and Yankuba Minteh, against our will really for financial reasons," the Newcastle boss told Simon Jordan's Up Front podcast.

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"One was an academy product we'd invested in since he joined the club as a young lad. You just think, 'why are we doing this? This doesn't feel right'. I understand the rules to a degree. I understand the concept but I think how it is fundamentally working at the moment is not right."

Howe may not be a fan but PSR is here to stay. The 'anchoring' rules will continue to be trialled in the shadows and the 'squad cost ratio' [SCR] proposals will be looked at further.

There was no vote between the 20 clubs at the Premier League meeting on Thursday but the anchoring system is seen as the clear alternative to the current rules. That would see clubs only being allowed to spend a proportion of their income on wages, transfers and costs.

Football finance expert Kieran Maguire previously told Chronicle Live this model would be 'excellent' for Newcastle. "It sets a level playing field in terms of the maximum an individual club can spend," he said.

"But, at the same time, if they also have to comply with UEFA's rules, that would be the constraint. Squad cost controls are not good for Newcastle in terms of competitive balance. The people who are in favour of squad cost rules say they don't want Newcastle being able to buy the best 11 players in the world.

"I absolutely understand that, but why can't Newcastle have the same budget as Liverpool and Manchester United? They're not asking for more - they're asking for equality - but that seems to be one very moot point between the two parties."

However, the Professional Footballers’ Association has already voiced major concerns over anchoring because that would have the potential to restrict player earnings. Anchoring effectively caps the amount a club can spend as a multiple of the income earned by the top flight's bottom club.

However, those in favour of the proposal suggest it protects competitive balance as European and global competitions continue to expand.

More details will emerge in the coming months but Newcastle know their PSR situation is poised to look more positive come the start of a new financial year. The end of June will see the £73m loss from United's 2021/22 accounts drop off the club's rolling three-year PSR cycle, leaving them with the £73m loss in 2022/23 and potentially a narrow profit, once allowable deductions are taken into consideration, from 2023/24 balance sheet.

Almiron and Kelly's fees will sit on the 2024/25 accounts, providing even further financial headroom for the decision makers inside St James' Park. Limited first-team spending and increased revenue streams will further add to Newcastle's financial wiggle room.

“We have to work together to make the right decisions, for the here and now and the future. We will try to do that together and that’s the best way, with teamwork and consultation," Howe told reporters during a quiet January window, as attention turns to the summer.