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Newcastle United manager Eddie Howe says the way spending rules in football are working at the moment is "not right". The Magpies were forced to sell players in the summer to balance the books under Profit and Sustainability Rules (PSR). Elliot Anderson and Yankuba Minteh both left Tyneside for fees in excess of £30m, to Nottingham Forest and Brighton, respectively. And Howe, speaking on former Crystal Palace chairman Simon Jordan's podcast Up Front, admitted: "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. "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. " Last season, Forest were deducted four points for breaching PSR in the 2022-23 campaign. Everton had an initial 10-point deduction reduced to six, before being docked a further two points for a second breach. Elliot Anderson moved to Nottingham Forest from Newcastle for £35m in the summer, while goalkeeper Odysseas Vlachodimos went the other way. While Howe understood the intention of PSR, he felt it could be applied better. "The buying and selling of players has always been such a good thing for the game, " he added. "It brings intrigue and so much to the game, but now it's almost gone against that. "It's purpose was to do one thing but in reality it has turned into something totally different. " When the Magpies were taken over in the October 2021 by a consortium backed by the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, Newcastle became the richest club in the world. PIF were worth around £320bn at the time of the takeover, but haven't been able to invest much of their wealth into the club since then. Alexander Isak and Bruno Guimaraes were subject to speculation about their futures last season, due to Newcastle's need to satisfy PSR. Newcastle were one of four Premier League clubs who opposed the vote to change APT (Associated Party Transactions) rules in November, following Manchester City's lawsuit against the league. These rules mean clubs can only agree commercial and sponsorship rules with companies that are of "fair market value". Asked by Jordan whether he agreed with the way the current spending rules are impacting football, Howe said: "No, I don't. "I am a believer in that anything is possible. Leicester proved in a one-off season that if you get everything right you can do incredible things. "I stick to that and believe if we got everything right and had the season of our lives we could do unbelievable things. That drives me. "But I think to do that consistently under the current rules is difficult. " Club World Cup draw under way as Man City & Chelsea set to discover opponents Premier League: Fulham v Brighton & Bournemouth v Tottenham - build-up & team news I'm not going to take Verstappen attacks - Russell An Aussie twist on Death in Paradise Detective Inspector Mackenzie Clarke reluctantly returns to her Australian hometown The remarkable discovery that led to Covid vaccines In 2005, Dr Katalin Karikó published research into the m RNA molecule A disappearance that has mystified police for 50 years Is the son of victim Sandra Rivett about to solve the case of the fugitive aristocrat, Lucan? Celebrating the magic of musicals on screen Mark Kermode and Ellen E Jones discuss one of the oldest genres in cinema Why Arsenal are being called 'the new Stoke City' 'Best game of season' - Newcastle give Liverpool rivals hope 'Nobody is catching domestic machine Celtic now' 'So happy he is back' - 'integral' De Bruyne 'one of best we've seen' Brown, Ellard & Littler shortlisted for Young Sports Personality award 'A bittersweet ending but the achievements remain indelible' Shaw's 1, 675 days lost to injury in three charts 'Test bowling is different to county cricket - here's why' Are there 'different approaches' to tennis doping cases? Football's lack of unity for rainbow gesture - what does it mean? Scotland's golden generation miss their golden hour Vote for BBC Sports Personality World Sport Star of the Year In Pictures: Sporting photos of the week Van Dijk 'the best ever'? Rank great Premier League centre-backs Seven months to go - Farrell's Lions to-do list 'Liverpool are the real deal' - why it will be hard to stop them now 'Extraordinary' - the case for Aspinall to fight Jones in numbers 'In 10 years you'll see a woman starting an F1 race' From postman to world champion - the life of snooker great Griffiths Guardiola jokingly responds to Anfield chants. Video Guardiola jokingly responds to Anfield chants © 2024 BBC. The BBC is not responsible for the content of external sites. Read about our approach to external linking.