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PSR is not perfect, but the Premier League’s shock therapy has had an effect

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PSR is not perfect, but the Premier League’s shock therapy has had an effect

An air of desperation hung over a handful of Premier League clubs last summer. Accounting years were drawing to a close across the top division of English football and the pressure was on to book profits before it was too late. Player sales were a must if a profitability and sustainability rules (PSR) breach was to be avoided before June 30.

Newcastle United’s business back then was a microcosm of the chaos. They reluctantly agreed to sell Yankuba Minteh, their then teenage winger, to Brighton & Hove Albion for £30million before sanctioning the exit of Elliot Anderson, the homegrown forward, to Nottingham Forest for £35m.

“We had no other option,” their head coach Eddie Howe told reporters in October about those two departures. “We couldn’t breach PSR, couldn’t face a points deduction, and the only two deals we had on the table at that time were the two deals we did.”

Newcastle, who had spent £320million in the first two and a half years under their Saudi Arabian owners, did not want to sell either Minteh or Anderson. Nor, you suspect, did they want to pay Forest £20m for Odysseas Vlachodimos, a third-choice goalkeeper yet to feature for them in the Premier League under Howe. Anderson’s sale, though, was reliant on Forest, who had breached PSR last season and were close to the line again, getting something in return, so Newcastle had nowhere to turn.


Newcastle did not want to lose Minteh to Brighton (Mike Hewitt/Getty Images)

Others were at it, too, with Aston Villa, Everton, Chelsea and Leicester City all concocting their own mutually beneficial deals to chase compliance. Close to £200million, most of it “pure profit”, was collectively banked by those six clubs in June’s final weeks and Tuesday brought confirmation that the trading had been worth it.

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A 14-day assessment period of 2023-24 accounts and PSR calculations had not raised red flags within the Premier League and, unlike last January, when Everton and Forest were both charged, there was no cause for disciplinary action to be triggered.

Leicester’s case remains more complex than others, with the Premier League still believing they are on the hook for at least one charge amid the legal challenges back and forth, but 2024, the year of the asterisk, has left its mark.

The three PSR charges heard last season — two for Everton and one for Forest — resulted in a combined 12 points being deducted, the kind of shock therapy that was difficult to ignore.

It may never be known just how close Newcastle and others came to going beyond their spending threshold last season. Clubs’ 2023-24 accounts, which are due to be filed by the end of March, will give us clues, but the absence of transparency in the PSR process makes it difficult to offer fully informed analysis.

Clubs instead have to be judged by their actions and those madcap days of late June revealed anxieties ultimately born out of the penalties handed to Everton and Forest a few months earlier. That jolted the whole of the Premier League, heightening motivation to find quick profits in the transfer market once the season had concluded.

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Howe admitted as much — Newcastle had no wish to sell Minteh or Anderson. Certainly not both. But, as Howe, the front-facing figure in that organisation, accepts, there was “no other option” but to accept £65million in transfer fees for the duo if a PSR breach was to be avoided.

Were Chelsea as close to the edge? That is unclear but their compliance owed as much to the sale of two hotels which are part of the wider site at their Stamford Bridge stadium to other companies owned by BlueCo, Chelsea’s parent company, as it did the late sale of defender Ian Maatsen to Villa for £37.5million. Others did not have the luxury of property deals enhancing the numbers.


Maatsen’s transfer to Villa helped Chelsea comply with PSR, but not as much as the sale of two hotels (Matt McNulty/Getty Images)

PSR continues to have its vocal opponents, such as Villa co-owner Nassef Sawiris, who told the Financial Times in June that the regulations were inhibitive and “not good for football”, but last season served the warning that overspending would still carry a sporting cost. Everton and Forest became the bad boys nobody wanted to emulate.

That was obvious with the sudden business done in June, and the wariness has been extended into this season.

Manchester United, traditionally one of English football’s strongest financial forces, have made it clear they have little scope to strengthen new head coach Ruben Amorim’s hand after their heavy losses of recent times. Newcastle also remain bound by financial constraints, with only about £60million spent this season. Villa’s net spend for the season, meanwhile, stood at about £26million going into the current winter transfer window.

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Those three clubs could have spent more but learnt last season that punishments would then be unavoidable down the road.

It would not be fitting to congratulate the Premier League on strong governance when 115 charges of financial wrongdoing still hang over four-in-a-row title winners Manchester City and Leicester’s case remains unresolved, but last season served notice that rules had to be adhered to. Points deductions would be in the post to any club not complying.

“The Premier League submits that the only proper sanction is a sporting sanction in the form of a deduction of points,” it argued in Everton’s first PSR hearing, which brought an initial 10-point penalty, later cut to six on appeal. That exact sentence was repeated when Forest faced an independent commission.

PSR has its inconsistencies and imperfections, and might well lead to more scrambled, incoherent transfer business before financial years are out at the end of every June.

But the past 12 months — and no fresh charges this week — have made it clear to clubs that it is a sanction to be taken seriously.

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(Top photos: Getty Images)

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Prep talk: Football student-athletes to be honored at annual banquets

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Prep talk: Football student-athletes to be honored at annual banquets

Local chapters of National Football Foundation and College Hall of Fame have begun honoring the top senior football student-athletes, with the Coastal Canyon area banquet set for Sunday in Agoura.

Players are selected based on their grade-point averages and leadership skills, among other attributes, honoring the best of the best.

Such players as James Moffat from Crespi, Mateo Bilaver from Chaminade, Jacob Paisano of Hart, Diego and James Montes from Granada Hills Kennedy will represent their schools on Sunday.

The Los Angeles chapter will hold its gathering in Manhattan Beach on Friday.

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Simi Valley coach Jim Benkert has taken over running the Coastal Canyon group with dozens of individual student-athletes set to be honored.

This is a daily look at the positive happenings in high school sports. To submit any news, please email eric.sondheimer@latimes.com.

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US Olympic hockey hero Jack Hughes opens up about support for women’s team amid backlash over Trump’s joke

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US Olympic hockey hero Jack Hughes opens up about support for women’s team amid backlash over Trump’s joke

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Team USA Olympic hockey hero Jack Hughes spoke about his support for his country’s women’s hockey team after his team was the subject of backlash for laughing at a joke by President Donald Trump about the women’s team. 

During an interview on ESPN’s “The Pat McAfee Show” Friday, Hughes opened up about his respect for the women’s team after McAfee appeared to reference the controversy by joking that Hughes and his teammates “hate” the women players. 

“We are hanging out with them so much, the women’s team. We were supporting them. Like, we were at their games, they were at our games,” Hughes said. 

 

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Jack Hughes of the United States celebrates after a gold medal win during against Canadaat Milano Santagiulia Ice Hockey Arena during the Milano Cortina 2026 Winter Olympic games Feb. 22, 2026, in Milan, Italy.  (Elsa/Getty Images)

Hughes then appeared to address the recent criticism of his team for its response to Trump’s joke.

“Like all these people talking, how many of them watched their gold medal game? Me and Quinn Hughes were at the game. We were at the game until like overtime ended on the glass, and we were jumping up and down so excited for these girls, so excited they won,” Hughes said. 

“And how many of these people watched the gold medal game, watched their semifinals game? Like 10 of the 10 of our players went to their game in the round-robin. Like, we supported them so much, and we’re so proud of them. We’re so happy that they won, and they brought a gold medal back and that, you know, I said it, the men’s and women’s team both brought gold medals back. So, just unbelievable for USA hockey.”

Hughes, who scored the game-winning overtime goal against Canada to win gold, reflected on his interaction with the player on the U.S. women’s team who did the same, Megan Keller.

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“Me and her had a great moment in the cafeteria after her gold medal game. We played Slovakia the next night, and it was like a late game. And we were in the pasta line — me and Megan. They were just getting ready to go out again, and I just gave her a massive hug, and I said, ‘I’m so happy for you. I’m so proud of you,’” Hughes said. 

“A couple nights later, saw her again in the [cafeteria], and we took a great picture and, uh, she just gave me a big hug and was so pumped for me as well.” 

Hughes told reporters after the game the first thing he thought about when the puck went in was Keller, who scored the golden goal for the United States women’s team against Canada three days earlier.

US WOMEN’S HOCKEY GOLD MEDALIST SAYS IT’S ‘SAD’ MEN’S TEAM HAD TO APOLOGIZE FOR OLYMPICS CONTROVERSY

The controversy surrounding the men’s team stemmed from a locker room phone call between the players and Trump right after their gold medal win over Canada. 

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Trump told the men’s team after inviting them to Tuesday’s State of the Union address that he’d “have” to invite the women’s team, otherwise “I probably would be impeached.” The team laughed in response, prompting immense backlash. 

Several mainstream media outlets penned op-eds condemning the men’s team for laughing at the joke and then visiting the White House to celebrate and Trump’s State of the Union address. 

The United States’ Jack Hughes (86), who scored the winning overtime goal, celebrates after defeating Canada in the men’s ice hockey gold medal game at the 2026 Winter Olympics in Milan, Italy Feb. 22, 2026.  (AP Photo/Carolyn Kaster)

U.S. women’s hockey captain Hilary Knight said on Wednesday’s edition of ESPN’s “SportsCenter” that Trump’s “distasteful joke” has “overshadow[ed]” the women’s success.

“I thought it was sort of a distasteful joke, and, unfortunately, that is overshadowing a lot of the success, the success of just women at the Olympics carrying for Team USA and having amazing gold medal feats,” Knight said.

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“We’re just focusing on celebrating the women in our room, the extraordinary efforts, and continue to celebrate three gold medals in program history as well as the double gold for both men’s and women’s at the same time. And really not detract from that with a distasteful joke.”

Hughes’ mother, Ellen, a former Team USA player and current player development staff member, said the players only cared about “bring[ing] so much unity to a group and to a country.”

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USC men routed by Nebraska after building halftime lead

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USC men routed by Nebraska after building halftime lead

Another winnable game was slipping away, another frustrating performance by USC unraveling in painfully familiar fashion, when Jaden Brownell lifted up from the corner for a wide-open three-pointer, offering a split-second of hope in an otherwise hopeless second half.

But the shot clanked away. A collective sigh from the cardinal-and-gold faithful rippled through Galen Center, only to be swallowed up seconds later when Nebraska’s Pryce Sandfort, who finished with 32 points, knocked down a three-pointer of his own. That’s when USC’s own arena exploded with a deafening Big Red roar, loud enough to make you forget you were in Los Angeles — or that these lifeless Trojans had once looked like a real NCAA tournament team.

There were still more than nine minutes remaining after that in Saturday’s brutal 82-67 loss, though that roar from the Nebraska faithful might as well have been the exclamation point. Whether it becomes the punctuation mark on a frustrating second season for USC under coach Eric Musselman was still to be determined.

The Trojans have lost five consecutive games as of Saturday and sit in a tie for 11th in the Big Ten. They still have two regular-season games remaining to bolster their middling tournament resume, both of which they can ill afford to lose.

A midweek matchup at Washington looms especially large. A loss to the Huskies, who are 14-15, would make climbing back from the bubble brink especially harrowing. A rivalry rematch awaits after that against UCLA.

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Nebraska forward Pryce Sandfort (21) drives past USC forward Terrance Williams II (5) during the first half Saturday.

(William Liang / Associated Press)

“I still think we could have a successful season,” forward Terrance Williams II said Saturday . “I had that positive mindset coming into the season. I still have that positive mindset. The season’s not over. … We can change the trajectory of the season very quickly.”

Nothing, though, about Saturday’s second half suggested USC was poised for positive change.

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The Trojans positioned themselves in the first half to make a very different statement Saturday. They took advantage of foul trouble from Nebraska point guard Sam Hoiberg and led by five points at halftime. Chad Baker-Mazara had already poured in 14 points, and they barely needed freshman Alijah Arenas, who was left out of the starting lineup and played only nine minutes.
“They had belief,” Musselman said.

Yet after shooting 52% from the field in the first half, the Trojans were suddenly unable to find the target in the second. For the first five minutes of the half, a dunk from Jacob Cofie was USC’s only basket. During another five-minute stretch in the second half, USC couldn’t even manage a dunk.

Its issues only got worse when Baker-Mazara fell hard trying to block a lay-in. He didn’t play the rest of the game, as Musselman said Baker-Mazara told the staff he was unable to go.

“They played great in the second half,” Musselman said, “and we did not play very good.”

The Trojans didn’t fare much better on the glass, either, as Nebraska more than doubled USC’s total rebounds (22 to 10) after halftime.

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The defense followed suit, with Nebraska piling up points in the paint at will. Sixteen of the Huskers’ first 20 points in the second half came on either dunks or lay-ins as USC’s defense lacked any semblance of urgency.

“I feel like they came out with more energy to be honest,” Williams said. “The first couple possessions, you could see it. They wanted it more than we did.”

How that’s still the case, after several similarly frustrating second halves this season, is still unclear.

“Second halves, they’re hard,” Brownell said. “We have to accept that and get ready quicker in the locker room, get our mental right and then come in and be ready.”

But with the Trojans on the very brink of the tournament bubble, time is quickly running out on that possibility.

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