Latest news with #ProfitandSustainabilityRules
Scottish Sun
2 days ago
- Business
- Scottish Sun
Man Utd ready to win £60m Viktor Gyokeres transfer race as Sir Jim Ratcliffe's brutal cuts start to pay off
Man Utd's U-turn in club finances means they are ready to pip Arsenal for Viktor Gyokeres RED ALERT Man Utd ready to win £60m Viktor Gyokeres transfer race as Sir Jim Ratcliffe's brutal cuts start to pay off Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) MANCHESTER UNITED are ready to win the race for Viktor Gyokeres. The Red Devils recently revealed total operating expenses have dropped by £41.6million to £162.1m in the latest quarterly club accounts after Sir Jim Ratcliffe's brutal cost cutting. 3 Manchester United are ready to win the race for Sporting Lisbon star Viktor Gyokeres 3 Man Utd minority owner Sir Jim Ratcliffe's cuts are leading to a gradual U-turn in finances 3 Man Utd boss Ruben Amorim is now ready to raid his former club for Gyokeres That is despite the cash spent on the Glazers' debt spiralling to a staggering £1.2BILLION. United's gradual U-turn in club finances means they are ready to pip Arsenal to land Sporting Lisbon striker Gyokeres. The Gunners are keen on the former Coventry hitman, 27, but are also chasing RB Leipzig striker Benjamin Sesko. Sweden striker Gyokeres, who scored 54 goals in 52 games for Sporting last season, has an £85m release clause. But it is understood that the Portuguese side would accept a fee closer to £60m this summer. United boss Ruben Amorim is now ready to raid his former club after the boost in their accounts. Yet the Glazers' debt still casts a long shadow over the fallen giants, whose wage bill was down a huge £20m to £71.2m compared with a year ago. United have now spent an astonishing £1.2bn on the debt in 20 years of the Americans' ownership. CASINO SPECIAL - BEST CASINO BONUSES FROM £10 DEPOSITS According to the BBC, £815m in debt interest repayments; £166m in dividends to shareholders; £197m in external net debt repayments and £10m in management and administration fees to the Glazer family companies has left the club since the Glazers bought it in June 2005. Meanwhile, chief executive Omar Berrada warned United must improve after a humiliating season in which they finished 15th in the Premier League and lost the Europa League final against Tottenham. Viktor Gyokeres responds as he is asked if he 'likes London' amid Arsenal transfer links He said: 'We were proud to reach the final of the Europa League but ultimately were disappointed to finish as runner-up in Bilbao. 'We had a difficult season in the Premier League, which fell below our standards, and we have a clear expectation of improvement next season.' United have already agreed to pay £62.5m to land forward Matheus Cunha from Wolves. And they are chasing a £55m deal for Brentford ace Bryan Mbeumo as they attempt to stay within the Prem's Profit and Sustainability Rules. But Amorim will also need to offload a clutch of big-name players from a group including Marcus Rashford, Jadon Sancho, Alejandro Garnacho, Antony and Casemiro.
Scottish Sun
3 days ago
- Business
- Scottish Sun
The Premier League clubs most at risk of PSR rule breaks as Man Utd's summer transfer spree is explained
Scroll down to see how every club stacks up CASH DECISIONS The Premier League clubs most at risk of PSR rule breaks as Man Utd's summer transfer spree is explained THE finance of football is becoming just as important and high-profile as what happens on the pitch these days. Every fan wants to know how much money their club can splash on transfers and whether they are at risk of a dreaded points deduction. Advertisement 7 Premier League CEO Richard Masters and his team will be taking a keen look at every club's finances Credit: Getty 7 Ruben Amorim and Manchester United look to be safe from PSR breaches Credit: Getty With the end of the 2024/25 accounting period for 15 of the 20 Prem clubs on the horizon, intrigue in clubs' financial situations is growing. The Premier League's Profit and Sustainability Rules (PSR) dictate that every club is allowed to record a maximum loss of £105m over a three-year rolling period. Those figures exclude spending on certain areas of the club such as investments in youth development, women's football and infrastructure, but are the limits for the majority of spending. Breaching those rules can result in hefty points deductions and fines - as evidenced by Everton's two points penalties during the 2023/24 season Advertisement READ MORE IN FOOTBALL 'STARSTRUCK' Grealish poses with unrecognisable Prem icon and calls him his 'boyhood hero' Now The Athletic have figured out an estimate for just how much wiggle room each team has to avoid a PSR breach - outlining the figure each club can afford to register in pre-tax losses across the 2024/25 season. The estimates are good news of Manchester United, who many thought would be in dire financial straits after missing out on European football for the first time since 2015. It's estimated that United can lose over £140million, perhaps explaining their decision to splash out on Matheus Cunha already and their plans for a move for Bryan Mbeumo. That surprisingly large figure is born out United's PSR position being calculated using the accounts of Red Football Limited (RFL), rather than Manchester United PLC. Advertisement 7 Man Utd are keen on signing Bryan Mbeumo Credit: Getty 7 Sir Jim Ratcliffe's takeover costs are not included in RFL's accounts Credit: Getty CASINO SPECIAL - BEST CASINO BONUSES FROM £10 DEPOSITS RFL, which is a subsidiary of PLC, posts significantly smaller losses than the PLC company as a whole - partly because it does not include any costs borne by the PLC as part of Sir Jim Ratcliffe's minority takeover. Advertisement While it also benefits from the structuring of loans within the Manchester Untied Group as a whole. Bruno Fernandes reveals role his wife played in £200m Al-Hilal transfer snub even though Man Utd were ready to cash in RFL's pre-tax loss across the 2022/23 and 2023/24 seasons was £55.1m, and United's loss limit across the three-year PSR cycle is £105m following Ratcliffe's injections of equity in 2024. United are considered as "safe" from PSR punishment by The Athletic, alongside a whole host of other top clubs. Perhaps shockingly, mega-spenders Chelsea are thought to have the biggest margin for loss - boasting a £300m safety blanket despite splashing out on signings in recent seasons. Advertisement The intra-group sales of hotels, car parks and their OWN women's team have allowed the Blues to keep their books in a positive place - as shown by their early spending on Liam Delap. Brighton, Man City and Tottenham are all also thought to have in excess of £275m of breathing space. Arsenal, West Ham, Crystal Palace and Nottingham Forest are thought to be safe too, with each club having over £85m worth of space to lose. Newcastle United, Leeds, Everton and Burnley are all thought to be in slightly riskier positions, but should be fine if they approach things carefully. Advertisement While Aston Villa are the only club who are at serious risk of facing PSR punishment with just £15m of allowable losses. Villa, who missed out on Champions League football on the final day of the season, have lost £206.2million pre-tax in the past two seasons, the highest deficit in the Premier League in that time. Unai Emery's team will have to sell this summer if they want to avoid a breach, with missing out on the Champions League hitting their accounts big time. 7 Chelsea have signed Liam Delap Credit: Getty Advertisement 7 Unai Emery's Aston Villa are at risk of a breach Credit: Shutterstock Editorial
Scottish Sun
5 days ago
- Business
- Scottish Sun
Man Utd miss out on their Coutinho moment as Bruno Fernandes snubs Al-Hilal – so where does he fit into their plans?
OH, to be a fly on the wall of Sir Jim Ratcliffe's office when news broke that Bruno Fernandes had snubbed a mega £100million bid from Saudi Arabia. Manchester United's part-owner could not have believed his luck when Al-Hilal offered to take captain Fernandes, who turns 31 in September, off their hands and give the Red Devils a much-needed cash injection. 3 Bruno Fernandes snubbed a mega £100million bid from Saudi Arabia 3 Man Utd missed their chance of a major sale like Liverpool with Philippe Coutinho Ratcliffe, who claimed the 'bloated' club was set to go 'bust at Christmas', has led a ruthless cost-cutting drive at Old Trafford — culling 450 staff including the much-loved receptionists and also withdrew free canteen food for workers at the ground. So to have the potential of receiving a nine-figure sum for a player whose legs are only going to get wearier was almost too good to be true. And it turned out to be . . . but only because Fernandes rejected Al-Hilal's advances. Even the offer of tax-free £700,000-a-week wages was not enough to lure the Portuguese star to the Middle East. Read More on Man Utd BRU-KNOW BEST Man Utd's Fernandes reveals role his wife played in Al-Hilal transfer snub Yet Fernandes' admirable resistance has thrown United's chaotic transfer plans up in the air once again. It is back to the drawing board for Ratcliffe and manager Ruben Amorim, who are under pressure to juggle the books with Profit and Sustainability Rules after their failure to qualify for Europe. Despite Fernandes turning down the Saudi riches, the midfielder could still be a target for European clubs this summer — although the offers are unlikely to be even half the astonishing transfer fee on offer from Al-Hilal. And even if he stays, Red Devils fans will now be debating where Fernandes fits into Amorim's rebuild next season? Join SUN CLUB for the Man Utd Files every Thursday plus in-depth coverage and exclusives from Old Trafford Amorim is wedded to his 3-4-3 formation and his early transfer activity seems to match up. Wolves' Matheus Cunha has signed in a £62.5m deal and Bryan Mbeumo is now a £50m target from Brentford, with the duo expected to play in the attacking positions behind the lone striker. Bruno Fernandes enjoys dinner with Al-Hilal 'secret agent' Joao Cancelo as he faces Man Utd exit decision Amad Diallo and Alejandro Garnacho, linked with Chelsea and Napoli, are other options for the wide forward roles. That quartet is likely to see Fernandes move further back to one of the two central midfield berths which he fulfilled in the Europa League final loss to Tottenham. Amorim has other options in the centre of the park, including Manuel Ugarte, Casemiro, Kobbie Mainoo and Mason Mount. Casemiro is on big wages, Amorim knows Ugarte well from their time together at Sporting Lisbon and the United boss lavished praise on Mount following his return to fitness towards the end of the season. While homegrown talent Mainoo, 20, is an intriguing prospect. So where will Fernandes play on a regular basis? In last season's disastrous campaign, Amorim relied heavily on talismanic Fernandes to dig his woeful 15th-placed Prem side out of the mire, netting 19 times in all competitions. Failed Coutinho moment Fernandes' quality and consistency led to the eye-watering bid from Saudi and the £100m fee will play on Ratcliffe's mind in their 'Mission 21' operation to knock Liverpool "off their perch" once again. The Reds went through a similar scenario over seven years ago when they sold star man Philippe Coutinho to Barcelona for a staggering £142m. The transfer fee gave Jurgen Klopp the chance to rebuild as the German used that money to bring in Virgil van Dijk and Alisson, and his new spine delivered the Champions League and Premier League titles. If Fernandes remains at United then club legend Gary Neville believes Garnacho, Marcus Rashford, Antony and Jadon Sancho must all leave. Garnacho clashed with Amorim after the Bilbao loss to Tottenham, while the other three have all been out on loan this season. Neville said: 'If players are taking on and questioning the manager in public through social media, the manager has to win. Neville's transfer advice 'If the manager doesn't win, the manager has to leave and I don't think that's going to happen this time. That's happened far too many times before. I think Garnacho will leave purely because of that, I think they've had enough. 'Marcus has to leave for him and the club. I think that ship has sailed and he needs to find himself another club. 'It sounds to me like Villa aren't going to keep him. I would say for Marcus' and United's sake that it feels like that path has come to an end. 'I feel a little bit similarly with Jadon as I do with Marcus. I'd be a bit concerned that Chelsea haven't made the noises that they're going to keep him. United have to make sure they part ways with him. 'Antony has gone to Spain and having seen a couple of players that I played with not do it Old Trafford but do it in Spain . . . I think he's suited down to the ground and it's been proven.' Ratcliffe may have canned hundreds of local staff but he will soon discover it's much harder to get rid of superstar players who are tied down to huge contracts. Star signings Liverpool made after Philippe Coutinho sale LIVERPOOL sold Philippe Coutinho to Barcelona for an eye-watering £142million back in 2018. Here's five of the best players the Reds signed with that massive windfall: 1. VIRGIL VAN DIJK - £75m 2. FABINHO - £40m 3. ALISSON - £56m 4. NABY KEITA - £54m 5. XHERDAN SHAQIRI - £13m
Daily Mirror
30-05-2025
- Business
- Daily Mirror
Huge points deduction Leicester are facing if found guilty of PSR breaches
A number of Premier League and EFL clubs have been given points penalties in relation to Profit and Sustainability Rules in recent years, and another name could join the list Leicester City are at risk of a minimum 12-point deduction in relation to alleged breaches of Profit and Sustainability Rules, it has been claimed. The Foxes are alleged to have gone over the limit by £17million across the 2021-24 period, hence the severity of the potential punishment. The club, who were relegated from the Premier League in 2023 and immediately promoted back to the top flight, suffered another relegation this season. However, they could still face punishment next term. According to The i, EFL guidelines are expected to be followed when deciding the club's punishment. This means a 12-point penalty for breaches of more than £17m, with smaller penalties for smaller breaches. The same publication reports the Premier League referred Leicester over three separate alleged breaches during the 2023-24 season, and a hearing is expected to be set within 12 weeks of those charges - in other wods, by August. One key factor, according to The Athletic, is whether the Premier League will have jurisdiction over breaches alleged to have taken place when Leicester were in the second tier. The Premier League has closed a loophole which allowed Leicester to avoid punishment for alleged breaches in relation to the 2022-23 season. On that occasion, the club managed to avoid sanctions from the Premier League after being relegated from the competition. 'If a club is relegated from the [Premier] League, that club shall, notwithstanding relegation, remain bound by rules … as if it were still a [Premier League] club, until such time as it has complied with all of its obligations relating to its last season as a club," the Premier League's rules now read. 'If any club is found to have been in breach of any EFL regulation … the board shall have the power to impose any penalty on that club.' Leicester's relegation from the Premier League was confirmed in April when they lost at home to Liverpool. They finished the season in 18th place, picking up just 25 points from their 38 matches. No Premier League clubs were issued with points deductions during the 2024-25 season, but penalties were handed out during the previous campaign. Everton's 10-point penalty was a competition record at the time, though it was later reduced to six on appeal, and the Merseyside club were docked a further two points later in the same season. Nottingham Forest were docked four points themselves, losing an appeal against the punishment. Both Everton and Forest escaped relegation, though, despite their points total being trimmed. The record points penalty for a Premier League club still stands at nine. That was the penalty handed to Portsmouth in the 2009-10 season when they went into administration, and they would have been relegated with or without that penalty. 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.
Yahoo
29-05-2025
- Business
- Yahoo
Arsenal could complete transfer TODAY - and confirm it in July: report
When you buy through links on our articles, Future and its syndication partners may earn a commission. Arsenal are ready to complete a transfer today, ahead of the new season. After finishing second in the league this season, manager Mikel Arteta is looking to improve his Arsenal squad with quality across the park, with a lack of firepower in front of goal cited as a major reason for the drop-off from last season. The club are believed to be in the market for a new centre-forward, depth in midfield and a new back-up goalkeeper to challenge David Raya. Following a final-day victory over Southampton, Arteta admitted that the upcoming transfer window is a pivotal one for his side as he looks to win a first title in 22 years for the Gunners. 'There are a lot of things to do,' the Basque boss admitted in his post-match press conference. 'It will be a different one, and that changes everything.' While Martin Zubmendi's move to North London is a 'done deal' according to reports, there is new information on when the no.6 will officially become Arsenal's first signing of the summer. AS in Spain says that the Spanish international has had a verbal agreement for a while that the player could complete his move today, after the BBC's Sami Mokbel – the journalist who originally broke the story in January that – confirmed the star's medical. El Diario Vasco, however, reports that the deal made not be made official for another month. FourFourTwo understands that both Arsenal and selling club Real Sociedad have negotiated Zubimendi's £51 million release clause in order to best decide how the fee should be paid, with Financial Fair Play rules (FFP), Profit and Sustainability Rules (PSR) and both club's yearly accounts considerations when making this transfer. It's believed that Zubimendi may be officially confirmed as an Arsenal player on July 1, in order to backdate the deal to 2025's financial year. Zubimendi is worth €60m, as per Transfermarkt.
