Big Six Jostle for Signings: £70M Deal Sparked as Clubs Scramble to Satisfy PSRC Criteria

While Euro 2024 is in full swing, there’s plenty of transfer activity happening outside of the tournament, especially with Premier League clubs looking to balance their books before the financial year-end on June 30.

With the Premier League’s Profit and Sustainability (PSR) rules in mind, clubs are getting creative with their transfer dealings to ensure their accounts are in order. This has led to some notable transfers being agreed upon during this “unofficial deadline day” for Premier League clubs.

Chelsea, under the ownership of Todd Boehly, have once again taken center stage in the transfer market. The Blues have agreed on a £30 million deal with Leicester City for midfielder Kiernan Dewsbury-Hall, who will be reunited with his former manager, Enzo Maresca. Leicester is reportedly interested in Chelsea’s 18-year-old midfielder, Michael Golding, as a potential replacement for Dewsbury-Hall.

Chelsea have bolstered their midfield with the signing of Kiernan Dewsbury-Hall from Leicester City.

Aston Villa have bolstered their squad with the signing of Douglas Luiz from Juventus.

Aston Villa have bolstered their squad with the signing of Douglas Luiz from Juventus.

Archie Gray, a highly sought-after young talent, has joined Tottenham Hotspur from Leeds United.

Archie Gray, a highly sought-after young talent, has joined Tottenham Hotspur from Leeds United.

Chelsea’s busy week also included the sale of young defender Ian Maatsen to Aston Villa for £37.5 million. The Blues wasted no time in reinvesting that money, signing teenager Omari Kellyman from Villa for £19 million. With clubs willing to sell their homegrown talent to bring in pure profit, Chelsea’s focus on signing young, homegrown players is evident.

Aston Villa, who have also been active in the transfer market, have been negotiating with multiple clubs to stay on top of their finances, despite earning a place in next season’s Champions League. It was expected that they would need to sell one of their key players, and that has come to fruition with Douglas Luiz finalizing his £42 million move to Juventus.

Leeds United, facing the reality of not securing promotion back to the Premier League, are in a similar position. They have a highly sought-after young talent in Archie Gray, who was initially linked with a move to Brentford. However, Leeds rejected a bid from the Bees, and now Tottenham are leading the race for Gray’s signature, with a £40 million deal potentially in the works.

Chelsea have been active in the transfer market, selling Ian Maatsen to Aston Villa.

Chelsea have been active in the transfer market, selling Ian Maatsen to Aston Villa.

They also signed young talent Omari Kellyman from Villa for £19 million.

Chelsea have signed the promising young talent Omari Kellyman from Aston Villa.

Another club with a busy week is Newcastle United, who are also working to satisfy PSR rules. The Magpies knew they needed to raise funds and were reportedly willing to sell Anthony Gordon to Liverpool. However, those talks broke down as Newcastle wanted Jarell Quansah included in the deal.

Newcastle United were in talks to sell Anthony Gordon to Liverpool, but the deal fell through.

Newcastle United were in talks to sell Anthony Gordon to Liverpool, but the deal fell through.

Yankuba Minteh has left Newcastle to join Brighton in a £33 million deal.

Yankuba Minteh has left Newcastle to join Brighton in a £33 million deal.

Newcastle have agreed to sell Elliot Anderson to Nottingham Forest for £35 million.

Newcastle have agreed to sell Elliot Anderson to Nottingham Forest for £35 million.

Nottingham Forest goalkeeper Odysseas Vlachodimos could join Newcastle as part of the Elliot Anderson deal.

Nottingham Forest goalkeeper Odysseas Vlachodimos could be heading to Newcastle as part of the Elliot Anderson deal.

Newcastle have also been active in offloading players, agreeing on a £33 million fee with Brighton for Yankuba Minteh, who impressed during his loan spell at Feyenoord last season. Additionally, homegrown star Elliot Anderson is set to join Nottingham Forest for £35 million, with a medical already booked. As part of this deal, Forest goalkeeper Odysseas Vlachodimos could be heading to Newcastle.

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