Premiere League Clubs

Premier League Clubs Spend £245M Around PSR ‘Deadline’

Premier League Clubs Spend £245M Around PSR ‘Deadline’

Premier League clubs have already spent more in four days this summer – a total of £245m – than the entirety of the January transfer window. Top-flight teams had been scrambling towards what was described as the ‘unofficial transfer deadline day’ on Sunday. And more deals are being announced on Monday as the new accounting period begins at the start of July. To avoid charges and possible points deductions clubs must be compliant with profit and sustainability rules (PSR) – and 30 June was a key date. The summer transfer window does not officially close until Friday, 30 August but,…
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Premier League Clubs Agree New Five-Year Limit On Spreading Transfer Fees In Accounts

Premier League Clubs Agree New Five-Year Limit On Spreading Transfer Fees In Accounts

Premier League clubs have voted to limit the period over which a player’s transfer fee can be spread in their accounts to five years. The move brings English top-flight clubs in line with Uefa regulations which were altered in the summer. It also prevents a practice noticeably used by Chelsea to strengthen their squad during recent transfer windows. The Blues gave lengthy contracts to new signings in an attempt to comply with financial rules. The Premier League said: “Going forward, a five-year maximum will apply to all new or extended player contracts.” Clubs also approved a rule change to allow the league’s…
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