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Please read our Please read ourAn 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.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.
Amongst the clubs heavily rumoured to need to do deals to make themselves compliant ahead of the deadline, are Chelsea, Forest, Villa, Everton, Leicester, and Newcastle United.‘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.
As for Newcastle United, there was a lot of press speculation about the possibility of Everton and NUFC doing a deal whereby‘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.
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