Newcastle United have yet another reason to feel aggrieved about the Premier League’s PSR system. PSR (Profit and Sustainability Rules) limit Newcastle to losing a maximum of £105m over a rolling three-year period, as long as the bulk of those losses are underwritten by PIF. While the Saudi Public Investment Fund are the richest owners in the Premier League by an order of magnitude, PSR has acted as an anchor to their ambitions at St James’ Park. Since the takeover in October 2021, Newcastle have still spent heavily and CEO Darren Eales has said that they will always spend the very maximum all…