🏆⚽️2024-25 European Football [UCL, UEL, EPL, LaLiga, Bundesliga, SerieA, Ligue1.]⚽🏆

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Premier League explains transfer rules to clubs after concern over ‘swap deals’



The Premier League has written to its 20 clubs to remind them they will be punished for fraudulent player transfers, as scrutiny grows on the so-called swap deals which have been done by certain clubs in an attempt to generate funds to be compliant with financial controls.
The email to clubs went out after days of unusual activity in the transfer window which has seen certain clubs sell – or attempt to sell – one another players. It has been identified in some cases as an attempt to add book value before the end of the financial year on Sunday in order to comply with profitability and sustainability rules (PSR).

The Premier League’s legal team has warned clubs that his department is looking for “issues of concern” around whether deals represent good faith “arm’s length” transactions over £1 million. It has the power to request from clubs details on how the negotiations took place, including correspondence externally and internally and any other documentation.
If the league decides that the transfer was not conducted at arm’s length it can then impose fair market value (FMV) rules. Those rules apply on the league’s handbook to associated party transactions. Those govern deals for players or commercial contracts between a Premier League club and another entity who may share the same ownership. Those rules are intended to stop the false inflation of commercial deals, and also to stop clubs in a multi-club ownership group trading players on deals that do not reflect accurate prices.*

The FMV rules for assessing the fair value of a player lists 18 factors it applies and details at length in appendix 19 of the Premier League handbook. Those include everything from the player’s age, to his position, playing statistics, honours, and injury history. On the club side, the Premier League will assess the “financial state and relative bargaining position” of the clubs involved and “any urgent need for liquidity” in the selling club.
The legal department has reminded clubs that it has the power to order the return of a transfer fee, in full or in part, to a buying club if it judges that the fee has been inflated. It reminds clubs they are obliged to act in all deals with “utmost good faith” and provide accurate financial information at all times.
Some clubs may have identified PSR swaps as a way to comply. Any transfer fee is booked immediately in its entirety by a selling club while acquisitions are amortised under standard accounting practice over the course of a player’s contract.

Many clubs have financial years ending on June 30, and all are still obliged to submit accounts that show they have not made more than £105 million in losses over a rolling three-year monitoring period.*

Aston Villa are one club that could fall under scrutiny They have signed the Everton striker Lewis Dobbin, 21, for £10 million. Everton have bought the Villa midfielder Tim Iroegbunam, 20, for around £9 million. Both players are England junior internationals at different levels.
Villa have also bought Chelsea’s Dutch left-back Ian Maatsen, 22, for around £37.5 million although the club are clear that is an investment long-planned in Unai Emery’s side in a position that needed strengthening. Chelsea have acquired Villa’s very promising 18-year-old midfielder Omari Kellyman for £19 million.*

Although Premier League rules governing transfers are broad, section B.15 requires clubs to act in “utmost good faith” towards one another and the league. “For the avoidance of doubt and by way of example only, it shall be a breach of the duties under this rule to act dishonestly towards the league or another club; or engage in conduct that is intended to circumvent these rules or obstruct the board’s investigation of compliance with them.”


Premier League clubs warned as Chelsea criticised for 'swap deals'


The Premier League have written to all 20 clubs warning of punishments over potentially fraudulent 'swap deals' between each other this summer.
Chelsea, Aston Villa and Everton have all been accused of doing business with each other to help their attempts to avoid punishments for breaches of Profit & Sustainability Rules (PSR), with the trio all known to be in need of funds before the accountancy deadline of June 30.

Chelsea have agreed to sell Ian Maatsen to Villa for £37.5m but raised eyebrows after agreeing to sign 18-year-old midfielder Omari Kellyman for £19m, despite the fact the teenager has just 148 minutes of senior football to his name.
Villa have also sold midfielder Tim Iroegbunam to Everton for £9m, with Lewis Dobbin moving in the opposite direction for £10m.
According to The Telegraph, Premier League officials have contacted all 20 clubs to warn them that all transfers will be scrutinised, and any clubs found to be doing business purely to avoid financial sanctions could face punishments.

The Premier League can request details of transfer negotiations between two clubs to determine whether all involved have acted in good faith.
They have the power to impose fair market value rules, which are designed to avoid clubs giving false values to players to aid their finances. Manchester City's acquisition of winger Savio from Troyes, a club owned by City Football Group, faced the same scrutiny.

Transfer fees can be returned if it is decided that the two clubs have acted dishonestly.
Clubs have until June 30 to close the books on their financial year and must show that they avoided losses of £105m across a three-year period if they want to steer clear of PSR punishments.

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City crowned 2024 Community Shield winners



Bernardo Silva’s close-range header in the 89th minute cancelled out Alejandro Garnacho’s opener which forced the showpiece to spot-kicks.
Kevin De Bruyne, Erling Haaland, Savinho, Ederson, Matheus Nunes, Ruben Dias and Manuel Akanji made no mistake from 12-yards and our goalkeeper saved Jadon Sancho’s effort before Jonny Evans missed the target which saw us win 7-6 to kickstart the 2024/25 season in style.

It is the seventh time we’ve won the traditional curtain-raiser with the first time back in 1937 before subsequent victories in 1968, 1972, 2012, 2018 and 2019.
Pep Guardiola has now won the Community Shield on three occasions and now means he has won 18 trophies during his eight years at the Etihad.
He has now won a trophy in seven successive seasons for City.

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UEFA Super Cup: Kylian Mbappe strikes on debut as Madrid beat Atalanta


Real Madrid's Kylian Mbappe celebrates with the trophy after winning the Super Cup.

Kylian Mbappe scored on his Real Madrid debut to help his new team defeat Atalanta 2-0 and win the UEFA Super Cup for the record sixth time on Wednesday in Warsaw.
After years of waiting to play for his ideal team, the French forward sensation finally joined Los Blancos this summer upon his departure from Paris Saint-Germain, and he celebrated his debut with a goal.


After the Italian Europa League winners held their own in the first half, Fede Valverde broke the tie for the holders of the Champions League in the 59th minute with a close-range shot.
Madrid started to build momentum, and in the 68th minute, Mbappe scored a spectacular goal to secure the win after Jude Bellingham had spotted his run into space in the box.
"It was a great night, I've been waiting for this moment for a long time," Mbappe told Movistar, speaking in fluent Spanish.
"To play with this shirt, with this badge, for these fans, it's a gift for me.
"We won a trophy too, that's very important, we know that here we always have to win and I am very happy."

With Madrid's victory, head coach Carlo Ancelotti tied previous Los Blancos coach Miguel Munoz for the most titles won as a club manager with 14.

[K S Hrithwik]