Six Premier League clubs are under immense pressure to sell players before the end of June in order to comply with the division's financial rules. This scramble has effectively created a 'mini transfer deadline day' that could potentially disrupt Euro 2024.
The final day of the financial year for the Premier League is June 30, and clubs are required to submit their accounts by this date. If a club has lost more than £105 million over three years - or less if they spent some time outside the top flight - they are in breach of Profit & Sustainability Rules (PSR).
Chelsea, Aston Villa, Newcastle, Everton, Nottingham Forest, and Leicester have all been identified as being under pressure to sell at least one player according to Sky Sports News.
Euro 2024 can change market dimensions
This situation is further complicated by the fact that Euro kicks off on June 14 and ends on July 14. This means that decisions about players' futures will be made during group stages and early rounds of Euro 2024 round-of-16 matches. Clubs will only have a couple of weeks from when the transfer window opens on June 14th until it closes at month-end.
Players who can command high fees or those who are homegrown (and thus count as pure profit) will be particularly vulnerable during this period.
Many big names at risk
For Aston Villa, Douglas Luiz, Ollie Watkins and Matty Cash have been listed as potential candidates for sale. Liverpool may need to spend around £100m if they want Watkins who is admired by Arne Slot.
Chelsea's Conor Gallagher has long been seen as likely candidate for offloading with Tottenham and Aston Villa reportedly racing against each other for his signature which could fetch up-to £50m. Ian Maatsen's future at Stamford Bridge is also uncertain with Borussia Dortmund showing interest in the Dutch left-back.
Everton may have to part ways with Dominic Calvert-Lewin, Amadou Onana, and Jarrad Branthwaite. These players are believed to be able to command the required fee. Leicester could face a two-point deduction upon their return to Premier League and might need to sell Kiernan Dewsbury-Hall who is eyed by Chelsea new manager Enzo Maresca.
Newcastle's chief executive Darren Eales has warned that they may have to let go of one of their star players this summer due to financial regulations. Alexander Isak and Bruno Guimaraes are considered safe but Anthony Gordon has been linked with Liverpool. Nottingham Forest will want to avoid another PSR breach after being deducted four points this year. Morgan Gibbs-White, Callum Hudson-Odoi, and Anthony Elanga are listed as possible sale candidates due to interest from other clubs.
The end of June promises a flurry of activity as six Premier League clubs scramble against time and financial regulations. The 'mini transfer deadline day' will not only impact these clubs but also potentially disrupt Euro 2024.
