Miraculously the Premier League announced earlier this week that no top-flight club had breached PSR rules accumulating losses of more than £105m over the last three years.
Chelsea, Everton, Newcastle United, Aston Villa, Manchester United and Leicester City were all in danger of breaching rules and facing points deductions, but a flurry of legal loopholes by these clubs prevented them facing any punishment.
These loopholes included selling Academy players for inflated prices to each other to avoid sanctions while Chelsea sold two hotels and their Women’s team to their parent company to avoid trouble.
While none of loopholes are illegal or against regulations it does make a mockery of the whole PSR situation.
West Ham announced a £57m profit last season primarily due to the sale of Declan Rice which was booked a pure £100m profit.
The previous season the Hammers lost £17m with a £12m profit the season before that leaving a three-year running total of around £52m to the end of last May.
Considering the PSR acceptable losses are £105m over three years, the Hammers have a £157m buffer zone.
I don’t understand how these clubs can sell academy players to each other for inflated prices in order to flout the rules as you claim. If one is selling, another is buying ultimately, however you organise the merry go round, with no net gain in PSR terms. Can’t be as simple as that…
With shenanigans like that going on effectively it makes you wonder what the point of PSR is. I’ve wondered how Chelsea have not run into difficulties.
Duran and Brighton’s Ferguson are two I’d like to see in a Hammers shirt.
There’s also Delap of Ipswich Town – but his experience only amounts to 20 Prem games. He’s a real prospect tough.
IMO we only need two new players in this window, a decent, experienced CB and a younger and explosive CF. If there’s money available Tomori would be ideal and Muniz fit’s the bill as an ideal attacker and less expensive than Duran, which is never going to happen. The rest of the squad is fine until the end of the season, when, no doubt another rebuild gets underway. But at least, 6 month’s too late, we’ve got a bright, adventurous and tactically astute Head Coach, despite Sullivan’s best efforts!
Does the “buffer” take into account the millions spent in the summer transfer window? If not I suspect we have considerably less to play with in this transfer window
Now go buy Jhon Duran and stop messing about with Callum Wilspn and players who don’t even get into Fulhams team. Failing Duran, go get Cunha in the summer and don’t waste money on toot now
Should’ve bought Duran then shouldn’t he. Tight bar steward
It’s always easy to spend other people’s money (and revile them at the same time, good going). How much have you got?