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Big clubs claim PSR is holding them back - but here's the REAL truth that their incompetent bosses would rather you didn't know, writes OLIVER HOLT

As the Premier League season crawls to an end with what some would like to believe is the grand flourish of a grim battle for fifth place and a spot in a Champions League that has very few champions in it, some among the billionaire boys’ club that make up our elite teams are already seeking excuses for their rank mediocrity.

Their go-to defence, which they dare not speak too loudly because they know how absurd it makes them look, is that their ambitions are being thwarted by the restrictions placed on them by Profit and Sustainability Rules.