Premier League write to Newcastle United about transfer rules before PSR accounting deadline


 
 
 
 
 
 

An interesting one, as it has now been revealed that the Premier League has written to Newcastle United and the other 19 PL clubs, detailing the rules over transfers, ahead of the PSR accounting deadline.

That deadline is 30 June 2024.

The end of the month concludes the latest three-year accounting period for Newcastle United and the other Premier League clubs, where with PSR they are allowed to lose no more than £105m across three seasons, although not all club spending counts towards PSR.

It is the ever-reliable David Ornstein at The Athletic, who has the exclusive on the 20 clubs receiving written ‘advice’ from the Premier League, written advice to ‘remind them of the rules over transfers following a number of deals that have been negotiated ahead of the June 30 accounting deadline.’

Amongst the clubs heavily rumoured to need to do deals to make themselves compliant ahead of the deadline, are Chelsea, Forest, Viall, Everton, Leicester, and Newcastle United.

The man from The Athletic pointing to certain deals…

‘An agreement has been reached for Ian Maatsen to join Aston Villa from Chelsea for a fee north of £35million with academy prospect Omari Kellyman a target to move the other way for £19m. For accounting purposes both of those deals, as they involve homegrown players, would be banked as ‘pure profit’ on the books. Everton’s move for Tim Iroegbunam — completed on Saturday — will also see Villa make a healthy profit while Lewis Dobbin’s switch in the opposite direction offers similar benefits to the Goodison Park club.’

As for Newcastle United, there was a lot of press speculation about the possibility of Everton and NUFC doing a deal(s) whereby Dominic Calvert-Lewin and Yankuba Minteh would have swapped clubs. However, no sign of any real substance in anything happening on that front.

David Ornstein goes on to explain:

‘The league has now stepped in after a “significant number of clubs” requested clarification over the rules related to player transfers and the application of a fair market value assessment.

Premier League regulations dictate that all transactions, such as player transfers or commercial agreements, are checked to make sure they do not exceed “market value” with the expectation being that clubs act in “good faith” and not “dishonestly” when dealing with each other or the league.

In a circular sent to all member clubs the league has reminded its members that they are entitled to investigate any deals it believes are not conducted at “arm’s length” and can, if deemed necessary, request information on how a transfer fee was negotiated or determined, including any internal and external correspondence relating to a valuation.’