The sport needs PSR. Do I agree with it's current form, no, it does need to keep a tighter control over who spends what. To do this you need a independent regulator with some actual power. I have feeling Leicester have got away with it, because the PLs legal teams are far to busy on the 115 charges and making sure city's expensive lawyers don't run over them.
Too many times we have seen supporters punished financially because rich play boys over spend and then walk away. Leaving clubs to tumble down the league or in some cases disappear. Bolton, Leeds, Bury,Notts county, Darlington just to name a few. Owners who threw money at dreams only to see them collapse.
Clubs like Leicester, Nottingham, Everton all complained about PSR rules. I would say, look at Brighton. Seemingly able to loose great players every season, yet seem to be able to carry on. Why, because they know that good homework and sensible spending is the way forward. Buy cheap, sell on. Build slow. Too many owner think it's a case of buying 4/5 players a season on big wages will be the answer.
We are told that the premier league is the greatest league in the world. It's just a cash cow.
This is time last year, the billionaires were up in arms over players going to the Saudi leagues. Now, its ok to use said Saudi clubs to move aside players on huge wages (Ivan Toney.) united must have a bloke permanently there, trying to get rid of another expensive mistake.