Chelsea, Aston Villa and Everton have committed to a succession of deals to meet the Premier League deadline.
All three clubs are on the verge of breaching the rules on benefits and sustainability, also known as PSR. Major groups are entitled to total losses of £105 million over a consecutive three-year period, adjusted for non-component clubs. of the department for 3 years.
The Toffees and Nottingham Forest were found guilty of breaching those regulations last season, for which they were fined and points deducted, even though neither team was relegated to the championship.
Now, Everton are in danger of breaking them again, with Chelsea and Villa. On June 30, the fiscal year of football ends, which means that the transactions will have to be finalized before that date in order to enter the accounts of the season that has just ended. approved.
With six days to go, the three parties have engaged in a succession of transactions between interested parties. Such transactions are a critical way to balance the books, as purchases are amortized over several years, while the total amount of any sale is identified in the year in which it occurs.
Local players in particular are valuable because promoting them represents a natural gain. As a result, Chelsea bought Omari Kellyman from Villa for £19m, despite the midfielder only playing 35 minutes of Premier League football last season.
In return, Villa will spend £37. 5m to buy Ian Maatsen from the Blues, subject to agreed private terms. Midlands also bought Lewis Dobbin from Everton for an undisclosed amount.
The deal came a day after midfielder Tim Iroegbunam made a replacement in the opposite direction for a £9m payment. Newcastle are expected to take part in deals to assuage their own concerns about the PSR.
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The written reasons for Forest’s trouble deduction, released through the independent commission in March, obviously underscored the importance of the June 30 deadline. Prior to the same date last year, Forest had tried to sell star striker Brennan Johnson his respect for PSR.
But his £47. 5m move to Tottenham only came at the end of the window, too late to fill the £34. 5m gap in his books. This led to a four-point deduction for the East Midlands team.
There is nothing to prevent clubs from entering into this type of agreement with other, more sensible teams. They will have to comply with the “fair market value” regulations that were introduced following the acquisition of Newcastle through the Saudi Arabian Public Investment Fund.
This means that clubs with the same owner cannot be bailed out with inflated prices. It has been warned that these regulations could simply be strengthened due to difficulties in assessing the price of players, this has yet to be examined.
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