The Premier League clubs tried to conclude final deals on Sunday, the so-called “mini deadline day”.
With the deadline for applying the Profit and Sustainability Rule (PSR) on June 30, top teams fear fees and possible point deductions.
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The summer transfer window only officially opened earlier this month, but activity in Europe has been minimal so far.
An important reason for this is the participation of the stars in international competitions such as the Euro 2024 and the Copa America, although the actual application deadline is not until Friday, August 30th.
However, Premier League clubs may be forced to take action this weekend to ensure they comply with the PSR rules.
When is the PSR deadline and what does it mean?
The Premier League’s PSR regulations state that a club cannot make a loss of more than £105 million over a three-year period – and even less if they spent part of that period in the Championship.
Last season, both Everton and Nottingham Forest were penalized for violations, while other clubs vied to avoid a similar fate.
The deadline for this year is Sunday, June 30.
This date marks the end of the Premier League’s financial year and clubs must submit their accounts to prove they have complied with the regulations.
The Pitch Prospect revealed in February that Chelsea may have to sell £100 million worth of players to avoid a breach.
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The Blues were one of the few teams to make deals this month alongside Aston Villa, who are also concerned about FFP.
Ian Maatsen moved to the West Midlands for £35 million – at the same time, teenager Omari Kellyman moved to Stamford Bridge for £19 million.
The Pitch Prospect’s Transfer Notebook had previously reported that Newcastle may be forced to sell one of their best players in order to raise money for new signings in the summer.
Our chief football correspondent Alex Crook said: “Tomorrow is almost like a mini deadline and Newcastle probably more than any other club are struggling to field players to avoid potential points deductions, so they could have their work cut out for them.”
“There is definitely a possibility that the clubs will help each other out in terms of PSR on some of these deals.
“Tomorrow is a big day [Sunday] because then the PSR period ends.”
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No deals can be processed on June 30th itself, as Sunday is not a working day.
However, Premier League clubs can prove their business intent by submitting the relevant documentation so that a transfer this weekend can be included in this year’s balance sheet.
Chelsea have spent the most money since Todd Boehly took over, but have also proven to be the club with the best track record.
The Blues spread the cost of higher-value signings through an accounting process called amortisation, while simultaneously selling academy players whose sales represent pure profit.
The recent transaction with Aston Villa was beneficial for both parties but caught the attention of the Premier League after “a significant number of people requested clarification”.
The Premier League then wrote to all clubs outlining its policies to prevent teams from deliberately selling players to each other at high prices in order to exploit PSR loopholes and thus limit their respective losses.
There is no indication that any team violated the rules.