Chelsea can now complete transfer flurry thanks to Todd Boehly's PSR loophole

The first deadline day of the summer transfer window is approaching. Yes, that's right. Such is modern football that there are now two deadline days per transfer window.

Albeit the June 30 deadline is an unofficial one but for many clubs, particularly in the Premier League, this date is just as important as when the window officially shuts at the end of August. The earlier deadline is for clubs to effectively get their accounts in order to ensure they do not breach the strict Profitability and Sustainability Rules (PSR) set by the Premier League.

PSR, often referred by as its old name 'Financial Fair Play', is now being massively respected by top-flight clubs after the likes of Nottingham Forest and Everton were handed brutal point deductions last season. June 30 marks the date for the end of the financial year for Premier League clubs.

It is the official cut-off point. Whether or not a club gets a deal done before June 30, or afterwards, could potentially determine whether or not they breach the PSR guidelines. And just ask Everton or Nottingham Forest: that is something you do not want to do.

Chelsea are one of multiple Premier League clubs that have essentially formed a mini-group to help each other with their financial troubles. In no particular order, Ian Maatsen is on his way to Aston Villa for £37.5million, while Omari Kellyman is coming the other way for £19million.

Everton sold Lewis Dobbin to Villa for £9million about 24 hours after Tim Iroegbunam swapped Villa Park for Goodison Park for a similar fee. While many have called some of these dealings 'dodgy', officially no rules have been broken by the involved clubs.

READ MORE: Chelsea's Alexander Isak transfer stance revealed as club close in on triple signing

READ MORE: Chelsea make Kiernan Dewsbury-Hall transfer decision as Enzo Maresca plots Leicester reunion

PSR was introduced to try and help financial stability among the 20 Premier League clubs - and for them not to go beyond their means in the transfer market. A club is not allowed to lose over £105million across a three-year period, otherwise the institution will be punished.

When a club sells a player, the money they receive as part of the transfer fee goes into the accounts for that particular year. If it is an academy product, such is the case with Chelsea and Aston Villa-bound Maatsen, then the money coming the Blues' way will account as 'pure profit'.

Sign up to our Chelsea WhatsApp service and get all the latest breaking news and in-depth stories from football.london's dedicated Chelsea writers direct to your phone by clicking this link.

Meanwhile, from Villa's point of view, the £37.5million they are spending on Maatsen will be amortised over a five-year period. That equates to just a £7.5million loss per-year on their accounts, so it really does mutually benefit both clubs.

It is undoubtedly a loophole to try and combat the PSR guidelines. It is a loophole that has been frowned upon, but one that is not officially breaking the rules.

So, what's next? Well, once the June 30 deadline passes, it is likely that we see some more deals go through - and more expensive ones, too.

While the PSR guidelines will still be in senior officials' minds, they will naturally relax a bit more about it with the deadline having passed. Chelsea have already been very busy behind the scenes looking to set up a successful summer transfer window at Stamford Bridge.

On Friday, the Blues made a move to sign Kiernan Dewsbury-Hall from Leicester City. The 25-year-old is a huge favourite of new head coach Enzo Maresca's and the Italian wants to reunite with the midfielder next season.

The Foxes value Dewsbury-Hall at around £35million, sources have told football.london but Chelsea will try to drive that price down with the knowledge that the Premier League newcomers are under pressure to sell to comply with PSR. The midfielder himself is said to be keen on making a move to west London and rekindling his working relationship with his former boss, this time in the top-flight.

Meanwhile, Chelsea are also in the market for a new centre-back this summer. Nottingham Forest defender Murillo is the latest name the club have shown an interest in, football.london understands.

Tosin Adarabioyo has already come through the door at Stamford Bridge but the club are open to offers for Trevoh Chalobah, meaning they could be a man down in the centre-back department. Thiago Silva departed the club to re-join Fluminense on a free transfer upon the expiration of his contract at Chelsea.

Also, the Blues remain in the market for a striker this summer. Benjamin Sesko was initially a target for Chelsea but the Slovenian international ended up signing a contract extension with RB Leipzig, so the Blues had to move on quickly.

Jhon Duran from Aston Villa has been looked at, and while a move for the Colombian has not been ruled out completely by sources, there were concerns over the striker's attitude and wage demands. Samu Omorodion is someone very well liked by the club's two sporting directors but Atletico Madrid are determined to keep hold of the 20-year-old striker beyond the summer.

Alexander Isak, while of course of interest to Chelsea, is far too expensive for the club to consider a move this summer. Any move for the Newcastle United frontman would likely surpass the £115million Chelsea paid for Moises Caicedo from Brighton last summer.

The west Londoners are still in the market for a right winger having pulled out of the race to sign Michael Olise. Nico Williams from Athletic Bilbao has been looked at and while really appreciated by Chelsea, the 21-year-old's wage demands have seen interest cool somewhat.

Chelsea are anticipating a really busy rest of the window on the outgoing front, too. Conor Gallagher is of interest to Aston Villa, Tottenham and Atletico Madrid this summer but no decision is likely to be made on his future until after England's involvement at Euro 2024. The 24-year-old has 12 months remaining on his contract but is out in Germany focusing on the task at hand for the Three Lions, who take on Slovakia on Sunday evening in the Round of 16 of the international tournament.

Chelsea will assess Harvey Vale's situation when he arrives back at Cobham next week. The 20-year-old spent last season with League One outfit Bristol Rovers and is now due back to the Blues for at least a bit of pre-season.

Another loan is somewhat expected for Vale. Chelsea have an option in their academy product's contract to extend his deal by a further 12 months should they wish.

Ipswich Town have made a £22million offer to Chelsea for winger Omari Hutchinson, football.london understands. The 21-year-old spent the 2023/24 campaign on loan at Portman Road and is now discussing personal terms with the Tractor Boys ahead of their first season back in the Premier League in 22 years.

Chelsea are still looking to sell Armando Broja this summer. The Blues value the 22-year-old at around £35million, sources have told football.london, a figure £15million less than their £50million price-tag from January.

So, with the June 30 - unofficial - deadline almost upon us, will club officials now relax a bit? If every rumour is to be believed then Chelsea officials will be right at the heart of everything that happens for the remainder of the transfer window.