‘Do Newcastle and Man City know?’ Carragher reacts to Schmeichel claim

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Jamie Carragher has jokingly asked on CBS Sports whether Newcastle United and Manchester City know about the new sponsorship rules that mean that clubs will have to have agreements worth over £1 million verified by the Premier League.

There are obviously concerns amongst supporters of other clubs regarding the power that Newcastle could have following their takeover by PIF.

Premier League sides do need to adhere to profit and sustainability rules. The Daily Mail noted this week that Everton are in danger of a points deduction amid fears that they recorded losses much greater than the £105 million over three years permitted.

Of course, one area which is incredibly lucrative to clubs is sponsorship. And there were clearly worries amongst sides that Newcastle could utilise that area to bolster their transfer kitty significantly.

The Athletic reported in December that a rule change had been brought in in the Premier League. Now, clubs will have to submit sponsorship deals to the league that are worth more than £1 million.

This is to ensure that the deal has been valued fairly.

The topic was brought up by Peter Schmeichel as the CBS Sports panel discussed the potential sale of Chelsea. He noted that the change of rules may make buying the Blues a slightly less attractive proposition.

And that prompted Carragher to joke that the rules will not go down well with two clubs in particular.

He said: “Do Newcastle and Man City know about this?”

Newcastle and Manchester City do know about this, and they’re not happy it seems

Interestingly, and perhaps unsurprisingly, the report from The Athletic noted that there were two clubs who voiced their opposition to the sponsorship proposals.

They were Newcastle and Manchester City.

Obviously, there is likely to be a way around these proposals for the bigger clubs. Each version of Financial Fair Play has done little to change the status quo.

And sides such as Newcastle and Manchester City will surely still be able to outspend almost anyone in the Premier League in the years to come.