The Premier League’s strict spending regulations and readiness to penalize clubs that violate them have led to the emergence of a second ‘deadline day’ during the summer transfer window. It remains to be seen if this day will be as dramatic as previous ones, but June 30th is a crucial date for a handful of Premier League clubs. It is the last day of the 2023/24 accounting year for Everton, Aston Villa, Newcastle United, and Chelsea, and they must balance their books by this deadline to comply with Profit and Sustainability rules (PSR). These four clubs are very worried about their PSR status, so it is fortunate that they are interested in each other’s academy prospects. Additionally, concerns are rising over United defender Shaw’s fitness as their stance is revealed. ALSO READ: United can take advantage of the transfer trend of doubling signings and finding hidden gems in the Euros. Putting sarcasm to one side, the Premier League is ultimately responsible for this debacle. The rules they have put in place have led to a situation where it is advantageous for clubs to sell young players from their academies. A few years ago, the average football fan was unaware of terms like PSR and amortisation. Currently, the focus is on pub chat during this time of year. The revenue generated from selling academy players is considered clear profit, whereas fees for new signings are typically distributed over the duration of their contracts. Selling a youth player from a training academy for £10 million and then signing a player for the same amount on a five-year contract would result in a profit of £8 million.
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