Newcastle United to Nottingham Forest Elliot Anderson swoop sparks Alan Shearer PSR rant
Alan Shearer has hit out at the Premier League financial regulations that paved the way for Nottingham Forest to snap up Elliot Anderson in the summer.
The need to comply with Profitability and Sustainability Rules forced Newcastle United’s hand when it came to letting the academy graduate go in the summer. And the Reds were the beneficiaries, with the talented midfielder making the switch to the City Ground.
Magpies boss Eddie Howe has been clear that it was a sale the club did not want to make but they were left with little choice. Academy products are classed as pure profit on a club's books, making them particularly vulnerable to being sold as top-flight teams look to avoid falling foul of PSR - something Shearer does not agree with.
“I don’t like the PSR rules anyway. I’ve told you what my feelings are about them,” the former Newcastle striker said on The Rest Is Football podcast.
“I just think it’s a restriction of trade when you can guarantee you’ve got that money and are profitable and sustainable, and you can put a billion quid in to safeguard and ensure that everything is right in the future, then I don’t see why you shouldn’t be allowed to challenge and buy players. And particularly with the way it’s run with clubs being forced to sell their youngsters because that’s more profitable and gives them a better financial gain going forward in the future. I just don’t agree with those rules.
“We know why it was brought in - to safeguard clubs. I just don’t agree with the rules that are there at the minute.”
Anderson has impressed since linking up with Nuno Espirito Santo’s side, although he could not prevent a 3-1 defeat to his former club on Sunday. Prior to that clash Trentside, Howe had expressed frustration at Forest being able to benefit from the hard work Newcastle had put into developing the 22-year-old as he came up through the ranks.
“Like I’ve said before, I don’t understand the rationale,” Howe said with reference to the £15 million net deal that saw Anderson head south and goalkeeper Odysseas Vlachodimos move in the opposite direction. “I don’t understand why we’re in a position to incentivise selling academy products.
“I don’t necessarily think they started with that intention of forcing teams to make those decisions. So for us to put all the work into Elliot, the academy, the coaches, the time, to then see him leave and flourish for another Premier League club is something that we feel we should be in a position to do."
The Reds had their own run-in with PSR last season. They were docked four points for breaking the rules, being found to have breached their permitted £61m threshold of losses by £34.5m.