Arsenal, Tottenham and Chelsea face Premier League deadline as key PSR date emerges

The summer transfer window opens on Friday and teams around Europe can begin negotiating with players ahead of possible moves with the league campaign just two months away. Chelsea, Arsenal and Tottenham Hotspur will have a number of shortlists compiled as they look to improve on their performances last season.

However, like many Premier League clubs, they will have to be strict in the window amid the threat of the top-flight's Profit and Sustainability Rules (PSR). Everton and Nottingham Forest faced consequences for their financial losses last season as the Toffees were deducted eight points for two breaches, including a record 10-point sanction which was later reduced to six points, while the City Ground club were handed a four-point sanction.

Sky Sports reported earlier in June that Chelsea were facing the threat of falling below the red line and into dangerous PSR territory. The appointment of Enzo Maresca was the fourth managerial arrival at Stamford Bridge since Todd Boehly took over in West London, and as well as change in the dugout, the American-owned club have splashed out on several new arrivals including Enzo Fernandes, Moises Caicedo and Cole Palmer.

The outlet later refuted their own claims and suggested that Chelsea have disputed the notion that they would need to offload some of their talents before the PSR deadline in order to move clear of the danger. However, Sky Sports did report that Chelsea will need to make sales to keep in line with PSR for the 2024/25 season, with the cut-off next summer, but they are under no pressure this month.

Arsenal released their annual accounts for the 2022/23 financial year in early 2024 and posted losses of £52million. However, the Gunners fall way above the line for concern in terms of PSR with reports that Mikel Arteta's side are optimistic about future financial performances.

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What are the Profit and Sustainability Rules?

PSR is in place to ensure clubs do not make a loss any greater than £105m across the previous three seasons. This means that clubs may be forced to sell players to balance their books. This sum has been outlined in order to follow UEFA financial fair play (FFP) rules which were introduced at the start of the 2011/12 season.

Selling homegrown talent is one of the most effective ways to do this as it represents pure profit. For example, Manchester City sold academy player Cole Palmer to Chelsea in a £42.5million deal last summer, while Arsenal sold Folarin Balogun to AS Monaco for £34m. In February 2013, the Premier League announced these financial rules that would not allow clubs to lose more than £105million over a three-year cycle, which works out at £35m a season.

When is the Profit and Sustainability Rules accounting deadline?

A new streamlined system was implemented last season which means clubs are required to submit their annual accounts to the Premier League by December 31. As a result, Everton and Forest both learned of their alleged breach in January for exceeding spending limits for three seasons to the end of the 2022/23 season.

Clubs in the Premier League have until June 30, over two weeks into the summer transfer window, to sell players within the timeframe. The 30th is the final day of the financial year for top-flight clubs.