When is the PSR accounting deadline and what does it mean? Premier League clubs struggle to complete late transfers on 'mini deadline day'

Premier League clubs have been scrambling to complete late business in what has been dubbed a “mini deadline day” on Sunday.

The June 30 Profit and Sustainability Rule (PSR) deadline has top-tier teams fearing charges and potential point deductions.

The summer transfer window It was officially opened earlier this month but activity in Europe so far has been minimal.

A big reason for this has been the participation of stars in international competitions such as Euro 2024 and America Cupand the actual closing date will not be until Friday, August 30.

However, Premier League clubs could be forced into action this weekend to ensure they comply with PSR rules.

When is the PSR deadline and what does it mean?

The Premier League PSR Regulations They claim that a club cannot make a loss of more than £105m over a three-year period, let alone if it has spent part of that period in the Championship.

Last season, Everton and Nottingham Forest they were both punished for violationsand other clubs are competing to avoid a similar fate.

This year's deadline is Sunday June 30.

This date marks the end of the Premier League's financial year and is when clubs present their accounts to show that they have delivered.

talkSPORT revealed in February that Chelsea could have to sell players worth £100m to avoid non-compliance.

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The Blues have been one of the few teams to make deals this month along with others who care about FFP. Aston Villa.

£35m Ian Maatsen headed to the West Midlands – at the same time, £19million teenager Omari Kellyman has moved to Stamford Bridge.

talkSPORT Transfer Notebook It was previously reported that Newcastle face the possibility of being forced to… trade one of your best players to raise funds for summer signings.

Our chief football correspondent Alex Crook said: “Tomorrow is almost like a miniature deadline day and Newcastle, probably more than any other club, are hard-pressed in terms of trying to change players to avoid potential points penalties. So They might be busy.

“There is definitely a possibility that part of the agreement will be for the clubs to help each other in terms of PSR.

“Tomorrow (Sunday) will be a big day because that's when the PSR period ends.”

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Offers cannot be processed on June 30, as Sunday is not a business day.

However, clubs can provide documentation to demonstrate to the Premier League their intention to do business, so that a transfer this weekend can be included in this year's balance sheet.

Chelsea They have been the ones who have spent the most since Todd Boehly-led the acquisition, but has also proven to be the smartest in terms of turnaround.

The Blues spread the cost of higher value arrivals through a accounting process called amortizationwhile at the same time lashing out at academy players whose sales represent pure profits.

The latest transaction with Aston Villa was mutually beneficial for both parties but came to the attention of the Premier League after “a significant number of people requested clarification”.

As a result, the Premier League has written to all clubs outlining its guidelines to prevent teams from deliberately selling players at high prices to exploit PSR loopholes and thus limit their respective losses.

There is no suggestion that any team has broken the rules.