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The Latest Breaking News from PSR

Maximum reimbursement limit for bank transfer scam victims slashed to £85,000

The announcement of the reduced limit was made by the Payment Systems Regulator ahead of mandatory rules coming into force next month.

The Independent UK

HSBC calls on tech firms to help refund victims of fraud

Bank says new UK compensation rules will fail to curb APP scams and prove financial sector is not the problem

The Guardian - UK

Should the Premier League adopt an MLS-style salary cap after PSR failings?

As the English top-flight grapples with spending regulations, the US league offers a blueprint for improved parity and financial transparency

The Guardian - US

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Friction and unrest expected as Aston Villa fans react to ticket price hikes

Club’s eye-popping Champions League ticket prices rankle with the fanbase amid likely protests at the Everton home match

The Guardian - UK

Fraud has lasting impact on victims’ mental health, warns Which?

People were more likely to say fraud had a negative impact on their stress levels and mental health than their financial situation, Which? said.

The Independent UK

Manchester United post net losses of £113.2m but believe they are complaint with PSR

Red Devils are working to put themselves on a more sustainable financial footing

Evening Standard

Man Utd post net losses of £113.2m but believe they are compliant with PSR

Premier League rules allow a maximum loss of £105million over a three-season period but certain losses are deemed ‘allowable’.

The Independent UK

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‘I couldn’t sleep’: victims of UK fraud epidemic tell their story

With banks set to slash the maximum refund, those who fell prey to scammers recount their trauma … and relief at full repayment

The Guardian - UK

Paul Mitchell addresses Eddie Howe's Newcastle future amid England interest

Magpies boss thought to have admirers from within the Football Association

Evening Standard

Fans criticise Aston Villa’s decision to hike ticket prices for Champions League

Aston Villa have been accused of being ‘out of touch’ and ignoring a request from their fan advisory board to cap Champions League ticket prices

The Guardian - UK

Does Leicester City's appeal success spell the end for PSR in the Premier League?

By the Premier League's own admission, PSR and the integrity of the competition have now been undermined

FourFourTwo

Why is the UK slashing the maximum banks must refund to fraud victims?

Consumer groups hit out at regulator’s ‘outrageous’ decision to cut limit from £415,000 to £85,000

The Guardian - UK

Bank transfer fraud reimbursement limit set to be cut under new plans

The limit, which is due to come into force from next month, could be reduced from £415,000 to £85,000.

The Independent UK

Leicester could face new PSR charge with Premier League to ask for accounts

Leicester could face another points deduction battle, with the club required to submit their 2023-24 accounts by the end of the year

The Guardian - UK

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FourFourTwo

Why Leicester City have avoided PSR punishment after Premier League appeal

Leicester City appealed against Premier League charges of an alleged PSR breach and were successful

Evening Standard

Premier League 'disappointed' as Leicester win appeal over alleged breach of PSR rules

Clubs are not allowed to lose more than £105m over a three-season period under PSR rules

The Independent UK

Premier League ‘surprised and disappointed’ by appeal board’s Leicester decision

Leicester could have faced a points deduction had they been found to have breached the Premier League’s profitability and sustainability rules.

The Guardian - UK

Leicester City win appeal over alleged breach of Premier League PSR

Leicester City will not be docked points after winning their appeal against a Premier League PSR charge

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news in one place.

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The Guardian - UK

UK reportedly poised to slash amount banks must refund to fraud victims

Regulator said to be planning cut to maximum amount available to victims from £415,000 to about £85,000

FourFourTwo

Ranked! Every Premier League team's net spend in the summer transfer window

As the dust settles on the transfer window, we look at the Premier League's biggest net spenders

The Independent UK

Q&A: How things are looking for Newcastle on and off pitch after testing summer

The Magpies have taken seven points from their first three Premier League games.

The Guardian - UK

Newcastle weaker than year ago and need a lot longer to reach top, admits Howe

Eddie Howe has told Newcastle fans the dream of a trophy-laden future has not necessarily died but warned it is going to take ‘a lot, lot, longer’ to fulfil

The Independent UK

Scott McTominay’s Manchester United exit and the sad decline of the one-club player

Manchester United’s sale of McTominay to Napoli is the latest homegrown talent sold by Premier League clubs to meet PSR, part of a worrying wider market trend

Evening Standard

Chelsea: Premier League chief denies PSR 'loopholes' amid scrutiny on Blues deals

Chief executive Richard Masters believes clubs battling to find “an angle” in the top-flight is a “great thing”

The Guardian - UK

Premier League 2024-25 preview No 11: Leicester City

Steve Cooper is a shrewd appointment as manager but PSR problems may make their top tier return a struggle

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