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.
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.
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