Latest news with #PSR
South Wales Guardian
4 hours ago
- Sport
- South Wales Guardian
Ruud van Nistelrooy's Leicester departure confirmed
Van Nistelrooy was appointed at the King Power Stadium in November but was unable to steer the club away from danger, with a return to the Championship confirmed with five games of the season to play. The Dutchman called for clarity on his future following their relegation at the beginning of May, but has had to wait with the club finally confirming his exit on Friday morning. Leicester City Football Club and Ruud van Nistelrooy have mutually agreed that Ruud's contract with the Club as First Team Manager will terminate with immediate effect. — Leicester City (@LCFC) June 27, 2025 The delay is understood to have hinged around the start of a new accounting period, which begins on Monday. With players due back in for pre-season training on June 30, the recruitment process for Van Nistelrooy's replacement is well under way. A statement read: 'Leicester City Football Club and Ruud van Nistelrooy have mutually agreed that Ruud's contract with the club as first team manager will terminate with immediate effect. 'Ruud has overseen a challenging period for the club. From his appointment in November 2024, he approached the role with professionalism, integrity and a clear commitment to our aims, including through the integration of several promising players from the club's academy into our first team environment. 'Ruud moves on with the respect and thanks of everyone at the football club for his dedication and hard work, and with our very best wishes for the future. 'Preparation for the EFL Championship season will continue with the planned start of pre-season on Monday, June 30. 'First team coaching staff will oversee the delivery of those plans until a new manager is appointed. 'There will be no further comment until this process has been completed.' Van Nistelrooy replaced Steve Cooper on November 29 and won four points in his opening two games. But that was as good as it got, as a run of 15 defeats from their next 16 matches sealed their fate. Within that run, they lost nine successive home games without scoring – a new top-flight record. Once relegation was confirmed, the Foxes improved, taking seven points from their final five outings to finish 18th, 13 points from safety. Van Nistelrooy called for talks with the club's hierarchy as soon as relegation was confirmed, but was left hanging for a number of weeks. The Dutchman said: 'I would like to personally thank the Leicester City players, coaches, academy and all the staff I have worked with for their professionalism and dedication during my time at the club and to thank the fans for their support, and take this opportunity to wish the club well for the future.' The Foxes face the prospect of having to deal with a significant points deduction in the Championship, having been charged by the Premier League for breaking Profit and Sustainability Rules (PSR). Leicester begin their season with the visit of Sheffield Wednesday on August 10.
BBC News
a day ago
- Business
- BBC News
Could Everton sell their women's team to help with PSR?
Football finance expert Kieran Maguire, speaking to BBC Radio Merseyside about whether Everton could sell their women's team to help with PSR rules: "There has been a new company which has been formed."Everton Football Club Women Limited has been in existence for over a decade, but it looks as if the new owners have set up a company which is linked to the women's team."Could it be that the current owners of Everton Football Club Women, which is Everton Football Club itself, could sell Everton FC Women to this new company which has been set up?"You might say: 'Hold on, well surely that's just transferring things from the left hand to the right hand and overall we're no better off or there's no change?' But in the world of accounting it's very different."It could be this is being done for strategic, planning or tax reasons - or lots of other things."On the basis that Chelsea's women's team was sold for 20 times the amount of revenue it generated, if you take a look at the most recent accounts for Everton's women's team, that means you could probably sell that football club for somewhere in the region of £60-65m and if that was the case that would be pure profit - which goes into your PSR budget and would enhance the ability of Everton to compete in the transfer market."Listen to the full interview on BBC Sounds
The Irish Sun
a day ago
- Business
- The Irish Sun
Liverpool playing waiting game for ‘dream' transfer signing Isak and could return for Newcastle star after key deadline
LIVERPOOL are willing to play a waiting game to land dream striker Alexander Isak after a key pre-season deadline. Top target is proving difficult to lure away from Newcastle, with the Toon Army prepared to make him the 3 Liverpool are willing to play the long game to land Alexander Isak Credit: Getty After securing Champions League football next season, Newcastle a dominant force in English football . Howe has spoken openly about Newcastle tying Isak down to a new mega contract, with his current deal worth £120,000-a-week until June 2028. But fresh talks have yet to materialise and this has given rival clubs, including Liverpool Echo correspondent Paul Gorst has reported that Anfield sporting director Richard Hughes is prepared to keep tabs on the situation over the summer, especially waiting until after Profit and Sustainability Regulations reset on June 30. READ MORE FOOTBALL NEWS This is because the end of June marks the end of the financial year for most clubs, and meeting PSR requirements (specifically, not exceeding a £105m loss over a three-year period) is crucial to avoid potential points deductions Isak was lethal once again last season, netting 27 goals in 42 games across all competitions , including 23 in the Premier League. He played a key role, scoring a goal in the Carabao Cup final win over Liverpool as Newcastle ended their 70-year trophy drought, while also qualifying for the Champions League via a fifth-placed Prem finish. Newcastle broke their transfer record by spending £63million on Isak in August 2022 and they have no intention of losing him anytime soon. Most read in Football CASINO SPECIAL - BEST CASINO BONUSES FROM £10 DEPOSITS But Liverpool seem prepared to break a British transfer record to prise the Sweden international away from St James' Park, with Newcastle slapping a £150million price tag on the 25-year-old. The Premier League champions are in the market for a new No 9 as Darwin Nunez closes in on an exit to Viktor Gyokeres to Liverpool LATEST as Reds sweat on Alexander Isak | Transfers Exposed If Liverpool miss out on Isak, then they could pursue Pedro instead, with the club also registering an interest in Arsenal and Manchester United target Viktor Gyokeres. Anfield chiefs have already splashed out more than £200million over the last month since the season ended, with Kerkez joins and as the next major arrival on Merseyside this summer . 3 Along with goalkeeper , whose transfer is reportedly set to be included in this summer 's accounts despite being sealed last year, Liverpool 's summer spending has hit a whopping £216MILLION already. Having conducted the bulk of their transfer work more than a fortnight before the players return for pre-season training, sporting director Hughes and Slot are relaxed about the situation around Isak. 3
Powys County Times
a day ago
- Business
- Powys County Times
Ruud van Nistelrooy's Leicester departure confirmed
Ruud van Nistelrooy has left Leicester following the club's relegation from the Premier League. Van Nistelrooy was appointed at the King Power Stadium in November but was unable to steer the club away from danger, with a return to the Championship confirmed with five games of the season to play. The Dutchman called for clarity on his future following their relegation at the beginning of May, but has had to wait with the club finally confirming his exit on Friday morning. Leicester City Football Club and Ruud van Nistelrooy have mutually agreed that Ruud's contract with the Club as First Team Manager will terminate with immediate effect. — Leicester City (@LCFC) June 27, 2025 The delay is understood to have hinged around the start of a new accounting period, which begins on Monday. With players due back in for pre-season training on June 30, the recruitment process for Van Nistelrooy's replacement is well under way. A statement read: 'Leicester City Football Club and Ruud van Nistelrooy have mutually agreed that Ruud's contract with the club as first team manager will terminate with immediate effect. 'Ruud has overseen a challenging period for the club. From his appointment in November 2024, he approached the role with professionalism, integrity and a clear commitment to our aims, including through the integration of several promising players from the club's academy into our first team environment. 'Ruud moves on with the respect and thanks of everyone at the football club for his dedication and hard work, and with our very best wishes for the future. 'Preparation for the EFL Championship season will continue with the planned start of pre-season on Monday, June 30. 'First team coaching staff will oversee the delivery of those plans until a new manager is appointed. 'There will be no further comment until this process has been completed.' Van Nistelrooy replaced Steve Cooper on November 29 and won four points in his opening two games. But that was as good as it got, as a run of 15 defeats from their next 16 matches sealed their fate. Within that run, they lost nine successive home games without scoring – a new top-flight record. Once relegation was confirmed, the Foxes improved, taking seven points from their final five outings to finish 18th, 13 points from safety. Van Nistelrooy called for talks with the club's hierarchy as soon as relegation was confirmed, but was left hanging for a number of weeks. The Dutchman said: 'I would like to personally thank the Leicester City players, coaches, academy and all the staff I have worked with for their professionalism and dedication during my time at the club and to thank the fans for their support, and take this opportunity to wish the club well for the future.' The Foxes face the prospect of having to deal with a significant points deduction in the Championship, having been charged by the Premier League for breaking Profit and Sustainability Rules (PSR). Leicester begin their season with the visit of Sheffield Wednesday on August 10.
Metro
a day ago
- Business
- Metro
Man Utd sent latest transfer message by Real Betis over 'complex' Antony deal
Real Betis sporting director Manu Fajardo insisted the club are still pursuing a deal for Manchester United winger Antony but said finances could prove an issue. Antony enjoyed a resurgent spell at Betis during the second half of last season, helping fire the club to the Europa Conference League final and scoring nine goals in 25 appearances. And the Brazil international is now desperate to return to Spain, repeatedly making it clear he sees his future at Betis. The 25-year-old has no future under Ruben Amorim back at United, but the Red Devils do not want to loan him out again and are seeking a permenant transfer this summer. Betis have not spent over £20m on a player in six years, but are set to raise funds through the departure of midfielder Johnny Cardoso, who is close to joining Atletico Madrid. Wake up to find news on your club in your inbox every morning with Metro's Football Newsletter. Sign up to our newsletter and then select your team in the link so we can send you football news tailored to you. Regardless, Fajardo conceded that reaching a deal with United for Antony could still prove difficult, but said they would do everything in their power to bring the winger back to the club this summer. 'We all have to be aware that this is a very complex operation,' Fajardo said. 'Given the player's level and his recent career at Real Betis, it's not an easy transaction. 'But, as long as Antony hasn't committed to a third party, we, with the utmost humility, will play our cards to be able to opt for Antony. 'I insist, despite this being a complex operation, we will try to carry it out in different ways without compromising the club. In the end, the most important thing is also the sustainability of the club. 'We will try to be creative, as we have been in the past, so that Antony can be here. Today, the market is open, as I said before, it's very dynamic, and we are part of that game.' Antony is prepared to take a 30 per cent wage cut to help seal a move away from Old Trafford. The former Ajax star is currently on £150,000-a-week. But United would still demand a fee in the region of £32.58million to avoid a loss on the player under the profit and sustainability rules (PSR). More Trending Asked about Antony's publically stated desire to return, Farajado added: 'It doesn't surprise me (Antony wants to return to Betis). 'And I'd like to take this opportunity once again to highlight the work that Real Betis does as a whole, across all departments. 'When a player arrives here and has such an immediate impact, that's no coincidence. It's the result of the work, sacrifice, and seriousness of everyone involved on a day-to-day basis. 'Not only so that Antony can perform and give his best, but so that all the players who join Betis can reach their prime.' For more stories like this, check our sport page. Follow Metro Sport for the latest news on Facebook, Twitter and Instagram. MORE: £70m England star makes transfer decision amid Chelsea and Man Utd interest MORE: Valencia respond to Arsenal's opening transfer bid for Cristhian Mosquera MORE: Arsenal told £67m transfer target will be sold if he does not 'wake up'
