Latest news with #ProfitandSustainability
Daily Mirror
16-07-2025
- Business
- Daily Mirror
Man Utd draw up unusual summer transfer plan in bid to fix PSR issue
Manchester United are taking a new approach to transfers and have offered a number of their young stars to other clubs in order to try and earn greater profits in the future Manchester United are adopting a new transfer approach and offering up academy players to other clubs. The Red Devils have compiled a list of their young players, all 18 or older, and provided teams the opportunity to sign their talent. United are said to be willing to sell the players essentially for free with the caveat of high sell-on clauses being included in deals, the MEN reports. The news is reported to have come as a shock to some families and representatives, but United say players have been consulted. Clubs are said to have been surprised the the names offered up. That has stemmed from the fact that the players' arrivals at Old Trafford came via sizeable transfer fees to land them. The move comes as United seek to reform their approach to abiding by Profit and Sustainability rules. The club are attempting a new tactic in gaining transfer fees for players they do not believe will make it to the first-team. United also suggest it is 'standard practice' to make decisions ono the futures of their academy products at 18. They affird players are within the rights to turn down moves. The MEN add that significant changes are taking place at the club's academy. Some claim the desire to cut costs around the club has influenced decisions in the set-up. The academy has also recently seen Manchester United legend Darren Fletcher take a new role. The ex-Scotland international is the new coach of the club's under-18s side, taking on his fifth different position at the club. Fletcher has previously coached the under-16 side, doing so on his return to United in October 2020. The former midfielder has also seen roles of first-team coach and technical director in his second stint. 'I am really excited to take on this new role and increase my responsibility to directly develop our young players," said Fletcher. "I'm looking forward to working with such a talented age-group; supporting them to reach their potential and preparing them to enjoy careers at the highest level possible." United's director of football Jason Wilcox added: 'We are delighted that Darren will lead our Under-18s group. He knows exactly what it takes to be a successful Academy graduate and has played a key role in shaping the pathway for so many of our young players in recent years. 'Darren's excellent relationships across the entire staff will only increase the strong connection between the Academy and first team, further enhancing our ability to produce world-class players ready to excel at Manchester United.'
Scottish Sun
26-06-2025
- Sport
- Scottish Sun
Newcastle look to sign ex-Man Utd star as part of stunning £140m triple transfer – but rule out move for Marcus Rashford
The Magpies have identified back-up targets should they fail to sign the ex-United ace EL OF A MOVE Newcastle look to sign ex-Man Utd star as part of stunning £140m triple transfer – but rule out move for Marcus Rashford Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) NEWCASTLE are ready to launch a fresh raid for Anthony Elanga — as part of a £140million triple swoop. Eddie Howe is ready to pull the trigger on offers for Nottingham Forest winger Elanga, Brighton forward Joao Pedro and Burnley keeper James Trafford. Sign up for Scottish Sun newsletter Sign up 4 Newcastle are prepared to launch a new bid for Anthony Elanga Credit: Getty 4 The Magpies are also looking to finalise a deal for James Trafford Credit: Getty SunSport understands the Magpies are ready to bid £50m for Elanga after seeing a £45m offer rejected earlier this week. And they will battle Chelsea for £60m-rated Pedro, while wrapping up £30m Trafford, after June 30. That is when a new window begins for Profit and Sustainability rules — in which Toon may be able to include around £100m in Champions League revenue. Elanga is Howe's top target on the right wing although the club are also exploring other targets in case they fail to land the Swede. Aston Villa's Jacob Ramsey and Bournemouth's Antoine Semenyo are also on the radar. Howe is a huge admirer of Pedro and missed out on him three years ago when he was at Watford before eventually landing Alexander Isak, who he now wants the Samba star to help support in attack. Brighton are willing to cash in after he was axed for the last two games of the season by Fabian Hurzeler following a training-ground bust-up with team-mate Jan Paul van Hecke. Newcastle's players are due to report back for pre-season training on July 7 and Howe, who also ideally wants a new centre-half too, hopes to have at least two new signings on board by then. CASINO SPECIAL - BEST CASINO BONUSES FROM £10 DEPOSITS 4 Joao Pedro has emerged as a target Credit: Getty Newcastle have been linked with a move for Manchester United outcast Marcus Rashford but he is not on the club's list of targets. As for goalkeeper Trafford, the Magpies have got the green light to press ahead and finally get a deal over the line. Christian Norgaard to Arsenal LATEST | Transfers Exposed Burnley announced the £4.3m arrival of German U20 international Max Weiss from Karlsruher on Wednesday, paving the way for Trafford to leave. The 22-year-old was set to move to Tyneside last summer. But that scuppered when Nottingham Forest insisted on Greek goalie Odysseas Vlachodimos going to Newcastle as part of the PSR-pleasing transfer that also saw Elliot Anderson head to the City Ground. Burnley have been quoting a £40m asking price for the 22-year-old, though SunSport understands Toon chiefs are confident a £30m agreement will get it over the line.
The Irish Sun
26-06-2025
- Sport
- The Irish Sun
Newcastle look to sign ex-Man Utd star as part of stunning £140m triple transfer – but rule out move for Marcus Rashford
NEWCASTLE are ready to launch a fresh raid for Anthony Elanga — as part of a £140million triple swoop. Advertisement 4 Newcastle are prepared to launch a new bid for Anthony Elanga Credit: Getty 4 The Magpies are also looking to finalise a deal for James Trafford Credit: Getty SunSport understands the Magpies are ready to bid £50m for Elanga after And they will That is when a new window begins for Profit and Sustainability rules — in which Toon may be able to include around £100m in Champions League revenue. Elanga is Howe's top target on the right wing although the club are also exploring other targets in case they fail to land the Swede. Advertisement READ MORE ON FOOTBALL Howe is a huge admirer of Pedro and missed out on him three years ago when he was at Watford before eventually landing Brighton are willing to cash in after he was axed for the last two games of the season by Advertisement Most read in Football CASINO SPECIAL - BEST CASINO BONUSES FROM £10 DEPOSITS 4 Joao Pedro has emerged as a target Credit: Getty Newcastle have been As for goalkeeper Trafford, the Magpies have got the green light to press ahead and finally get a deal over the line. Advertisement Christian Norgaard to Arsenal LATEST | Transfers Exposed Burnley announced the £4.3m arrival of German U20 international Max Weiss from Karlsruher on Wednesday, paving the way for Trafford to leave. The 22-year-old was set to move to Tyneside last summer. But that scuppered when Nottingham Forest insisted on Greek goalie Odysseas Vlachodimos going to Newcastle as part of the PSR-pleasing transfer that also saw Elliot Anderson head to the City Ground. Burnley have been quoting a £40m asking price for the 22-year-old, though SunSport understands Toon chiefs are confident a £30m agreement will get it over the line. Advertisement 4 Marcus Rashford is not on Newcastle's transfer shortlist Credit: Getty
Daily Mirror
09-06-2025
- Business
- Daily Mirror
Man Utd to earn 'substantial' windfall for player sold less than 12 months ago
Manchester United's Profit and Sustainability concerns are set to be eased with one of their former academy players expected to be on the move this summer, just a year ater leaving the Red Devils Manchester United are set to earn a substantial transfer windfall thanks to former star Maxi Oyedele. The United academy graduate left the Red Devils a year ago for Legia Warsaw, having never played a senior game at Old Trafford. But he has starred in Poland, making 24 appearances in all competitions as Legia won the Polish Cup. That was their first major trophy since 2023, with Oyedele playing all 90 minutes of the final. Though he only joined last summer and has two years to run on his contract, the midfielder is attracting strong interest. Werder Bremen, PSV Eindhoven, Anderlecht, Club Brugge and a number of Championship sides are understood to be monitoring the 20-year-old. There is a release clause in his contract that means he is available for a tick over £5million this summer. There is a growing expectation at Legia that he will be departing the club after just one season. If he does indeed move on, it would bank United a healthy sum, which will go a way towards easing their concerns with the Premier League's Profit and Sustainability rules. The Red Devils are hoping to be busy this summer and any fee received will be greatly appreciated. In a surprise move given he left just 12 months ago, United will benefit substantially from Oyedele's potential transfer. When they sold him last summer, United inserted various clauses into the deal. While they only sold him for a small fee, one of the clauses they inserted was a substantial sell-on clause to ensure future profit. That sell-on clause means that United are entitled to 40 per cent of any fee Legia receive for the midfielder. If he is sold for his release clause, it would see United bank just over £2m. That money would likely go straight into easing their PSR concerns, with a buy-back option also included in the original deal. A departure for Oyedele would come as somewhat of a surprise given his short time in Poland. Speaking in April, the youngster insisted he was happy with life in the capital city. 'It's just funny for my mum because she left Poland to come to England and make a life; I left England to go to Poland to start my journey,' Oyedele told The Guardian. 'Legia was the biggest opportunity. "I don't even think I realised how big of an opportunity it was when I heard about it. I felt like this was the opportunity to play in Europe, the biggest team in Poland. It's my nationality, so it's close to the national team. "It's always a risk to leave it, but it just seemed like the best choice. I couldn't afford to waste another year playing academy football. I could have stayed in England and continued my journey and who knows what would have happened." Join our new MAN UTD WhatsApp community and receive your daily dose of Manchester United content from Mirror Football. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice.
Daily Mirror
06-06-2025
- Business
- Daily Mirror
Premier League clubs most likely to be in PSR trouble as Man Utd spend big
Profit and Sustainability rules have brought an added headache for Premier League accountants, with the deadline for the latest three-year period fast approaching The summer transfer window has opened, but Premier League clubs are having to keep at least one eye on their compliance with Profit and Sustainability rules. The regulations state that clubs cannot post a loss of more than £105m over three seasons. Failure to comply could result in points deductions, as Everton and Nottingham Forest discovered to their cost. The end of the accounting year for 15 of next season's top-flight sides is approaching. Arsenal, Liverpool, West Ham United have already submitted theirs, with Burnley and Sunderland's accounting year ending on 31 July. Last June, several clubs were forced to make last-gasp deals to avoid breaching the PSR rules. Now, Mirror Football has crunched the numbers to find out which clubs are in trouble and which teams are able to spend big this summer. The calculations come from The Athletic and deal out a headline estimate of the amount each club can lose before tax to avoid a breach. The estimate draws from figures released for the 2022-23 and 2023-24 campaigns, with the most recent one completing each club's three-year PSR cycle. We've ranked all 20 clubs in order from least likely to breach PSR to most likely. 1. Chelsea (estimated pre-tax loss limit in 2024-25: £300m) Playing with the most space in their accounts is Chelsea, who have used a series of loopholes to build up their profits. Intra-group sales of hotels, car parks and the club's women's team have allowed the Blues to create a mammoth-sized headroom with PSR. Chelsea's pre-tax results over the past two years show a profit of £38.3m. They have further alleviated any PSR concerns over the past 12 months, ensuring the Blues should be able to spend big this summer. 2. Brighton & Hove Albion (estimated pre-tax loss limit in 2024-25: £295m) Brighton also have a large amount of headroom to play with, having earned a huge pre-tax profit of £208.4m over the past two years. The Seagulls are insulated from PSR concerns by their Category 1 academy as well as depreciation costs. While they missed out on qualification for European competition (that may well change), it was a solid first season under Fabian Hürzeler. He should have a bumper transfer kitty to play with this summer. 3. Manchester City (estimated pre-tax loss limit in 2024-25: £292m) Manchester City may have splurged in the January window, but Pep Guardiola's side will still be able to spend bif this summer. City have accrued a profit of £154.1m over the past two years, before allowable costs are deducted. Any lost money from early exits from the Champions League and Carabao Cup will likely be offset by this summer's Club World Cup. They are in a very healthy situation when it comes to PSR. 4. Tottenham Hotspur (estimated pre-tax loss limit in 2024-25: £277m) While they have lost £120.7m over the past two years, Tottenham's stadium has allowed them to move into the black when it comes to PSR. They should be able to account for a near-£70m in depreciation costs. That means Spurs should be able to lose well over £250m in this accounting year and remain compliant. Winning the Europa League will add to the kitty, along with the incoming Champions League prize money. 5. Manchester United (estimated pre-tax loss limit in 2024-25: £141m) This is where things start to get slightly confusing. While Manchester United plc have lost a massive amount of money over recent year's, the club's PSR position is actually calculated as the accounts of Red Football Limited, a subsidiary of the plc. RFL bear none of the costs from Sir Jim Ratcliffe's share purchase and benefit from booking interest income on intra-group loans owed to RFL by entities further up the chain. It means that United's big-spending summer is likely to continue, without any PSR concerns. 6. Arsenal (estimated pre-tax loss limit in 2024-25: £97m) Arsenal's pre-tax loss is calculated at £34.6m for the past two seasons, before any more allowable costs on youth development, community expenditure and spending on the women's team. That should hand them significant headroom. The sales of academy graduates Emile Smith Rowe and Eddie Nketiah last summer also helped. And reaching the semi-finals of the Champions League saw the Gunners bank £100m in prize money. 7. West Ham United (estimated pre-tax loss limit in 2024-25: £95m) The £100m sale of Declan Rice is the summer of 2023 remains on West Ham's books, boosting their profits to £57.2m over the past two years. Their allowable loss have dwindled though. That means they would only be allowed to lose up to £15m over the past three years. Despite that they are in little danger of breaching PSR regulations and should be able to embark on the rebuild Graham Potter desires. 8. Crystal Palace (estimated pre-tax loss limit in 2024-25: £90m) Despite posting a pre-tax loss of £65.3m over the past two years, Crystal Palace have received significant equity funding in recent years. That means their PSR limit is the maximum £105m allowed. They're unlikely to hit that limit, with big sales last summer of Michael Olise, Joachim Andersen and Sam Johnstone. This year's FA Cup win will also help with PSR, putting Palace in a strong position. 9. Nottingham Forest (estimated pre-tax loss limit in 2024-25: £85m) While they had points deducted in the 2023/2024 campaign for PSR breaches, those concerns have now been eased. Their seventh-place finish in the Premier League this season has generated £34.2m in prize money. That adds to a £10.1m profit last season, having recorded more than £100m in player sales. That swung an operating loss back into the black and the prize money earned this season should allay any PSR concerns. 10. Newcastle United (estimated pre-tax loss limit in 2024-25: £83m) Newcastle are now out the woods when it comes to PSR concerns, with Eddie Howe breathing a sigh of relief. The loss made in the 2022/2023 season will drop off the PSR calcuation. Continued commercial income improvements and the sales of Miguel Almiron and Lloyd Kelly to suitors abroad will also help. And qualification for the Champions League will be a serious boost to the coffers. 11. Fulham (estimated pre-tax loss limit in 2024-25: £77m) Fulham came close to a PSR breach in 2023, but the building of their new Riverside Stand at Craven Cottage has allayed any concerns. The Cottagers have little to worry about when it comes to PSR. It is estimated that the Londoners can lose up to £77m this year and remain compliant. They have been able to utilise greater prize money, higher sale profits and the benefit of premium matchday ticketing. 12. Liverpool (estimated pre-tax loss limit in 2024-25: £75m) The Premier League champions aren't safe from PSR breaches, but they shouldn't really be concerned either. The Reds have not received equity recently, so their losses are limited to £15m over three seasons. They do, though, have sizeable allowable costs. Booming revenues and player sale profits will allow the Reds to lose up to £75m this year. 13. Brentford (estimated pre-tax loss limit in 2024-25: £58m) Brentford have little to worry about with PSR, despite making a loss in the 2023/2024 campaign. The Bees' wider operations only allow them to make lower allowable costs than many of their Premier League rivals. They've also received no recent equity funding to bump their loss limit up. But a major improvement in prize money, coupled with the £40m sale of Ivan Toney last summer means they have no PSR concerns. 14. Wolverhampton Wanderers (estimated pre-tax loss limit in 2024-25: £56m) Wolves decided to shift the end of their accounting year from the end of May to the end of June back in February. That move likely saved them from a PSR breach having made a loss of £73.3m over the past two years. The club banked £65.3m in player profits last summer, primarily on the sales of Maximilian Kilman and Pedro Neto. The sale of Matheus Cunha to Manchester United has taken that number even higher, putting them in a good place when it comes to PSR. 15. Leeds United (estimated pre-tax loss limit in 2024-25: £42m) Leeds have spent heavily in recent years in a bid to reach the Premier League, accruing a loss of £94.5m over the past two years. The sales of Georginio Rutter, Crysencio Summerville and Glen Kamara brought in around £70m with Rasmus Kristensen's move to Eintracht Frankfurt boosting that number. The Whites may well come close to the limit, but they should be able to avoid having to sell players before the end of June. Winning the Championship title means they should escape any PSR breach. 16. Everton (estimated pre-tax loss limit in 2024-25: £39m) Everton have long had trouble with complying with PSR, culminating in a points deduction. The sale of the club to The Friedkin Group has slightly eased concerns, but they have posted losses of £142.3m over the last two years. They can only lose £39m in this accounting period to avoid breaching PSR. Prize money only ticked up a small amount and last summer's big sales have not helped much. More pain could be coming for the Toffees. 17. Bournemouth (estimated pre-tax loss limit in 2024-25: £35m) Bournemouth's major spending in the transfer market was only possible through a £71.4m loan being written off in their PSR calcuation. That allowed them to post a £44.5m profit in 2022/2023. The club's allowable costs are very low as well, putting them in a difficult place. But the sale of Dean Huijsen to Real Madrid should help them ease their concerns, as well as increased Premier League prize money. 18. Sunderland (estimated pre-tax loss limit in 2024-25: £33m) Sunderland's eight years outside the Premier League means they're the only club who won't have the opportunity to benefit from at least one PSR year with an upper loss limit of £35million; instead, each of the three years within their PSR calculation are capped at an upper limit of £13m, or £39m in total. Having received no equity in recent years, their limit is actually just £15m. The Black Cats can make several deductions and made several major sales last summer, which means they should be ok, despite the estimations looking tight. 19. Aston Villa (estimated pre-tax loss limit in 2024-25: £15m) Missing out on the Champions League is set to seriously cost Aston Villa when it comes to PSR. They will instead only be able to call upon the Europa League's much smaller prize pot. Villa have made several major sales in recent transfer windows and it looks likely they will have to do the same this summer, with Emi Martinez currently the man earmarked for being moved on. 20. Burnley (estimated pre-tax required profit in 2024-25: +£20m) Burnley are in a miserable position. They are the only club who require a profit in this financial year to avoid breaching PSR and with it a potential points deduction. They have recorded a loss of £64.4m over the past two years and their recent bouncing between the top-flight and the Championship means they can record a loss of £61m over this three-year period. Join our new WhatsApp community and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice.
