Sports
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.
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.
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.
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.
(Top photos: Getty Images)
Sports
Anthony Richardson free to seek trade after injury setbacks amid Colts’ shift to Daniel Jones
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Anthony Richardson Sr.’s future in Indianapolis faces more uncertainty than ever.
The Indianapolis Colts granted Anthony Richardson, the team that used the fourth overall pick in the 2023 NFL Draft on the quarterback, permission to explore a trade. His agent, Deiric Jackson, confirmed the latest development in the 23-year-old’s tumultuous career to ESPN on Thursday.
Veteran quarterback Daniel Jones beat out Richardson in a preseason competition for the starting job. Jones made the most of another opportunity as an NFL starter, helping the Colts win eight of their first 10 games of the 2025 regular season.
Indianapolis Colts quarterback Anthony Richardson heads off the field after an NFL football game against the Denver Broncos on Sunday, Dec. 15, 2024 in Denver, Colorado. (AP Photo/David Zalubowski)
However, his season was ultimately derailed by an Achilles injury. The setback came two years after he tore an ACL with the New York Giants. The Colts appear ready to move forward with Jones, clouding Richardson’s future in Indianapolis.
Jones is set to become a free agent in March, meaning the Colts must either use the franchise tag or sign him to a new deal. Richardson has started just 15 games in three seasons with the Colts, his tenure largely shaped by injuries.
A shoulder surgery limited Richardson to four games during his rookie campaign, while a series of setbacks cost him four games in 2024.
Indianapolis Colts quarterback Anthony Richardson (5) looks for an open receiver during the game against the Houston Texans at NRG Stadium. (Troy Taormina/Imagn Images)
Richardson suffered what was described as a “freak pregame incident” during warmups last season, landing him on injured reserve after attempting just two passes in two games in 2025. He has thrown 11 touchdowns against 13 interceptions in his NFL career.
Colts general manager Chris Ballard said Tuesday that the vision problems stemming from Richardson’s orbital fracture last October are “trending in the right direction.” He added that Richardson has been “cleared to play.”
Indianapolis Colts quarterback Anthony Richardson (5) celebrates his touchdown against the New York Jets during the fourth quarter at MetLife Stadium in East Rutherford, New Jersey. (Brad Penner/Imagn Images)
Riley Leonard, a sixth-round pick in the 2025 NFL Draft, is expected to return to the Colts next season.
When asked about Richardson’s standing with the Colts moving ahead, Ballard replied, “I still believe in Anthony.”
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William Hudson, a 14-year-old freshman golfer, shot 71 on Monday at Western Hills Country Club in Chino Hills to win the Servite Invitational.
“It was very important to me and my school,” Hudson said.
Some think it’s the first time a St. John Bosco student won an invitational title.
Hudson is a straight-A student who picked up his first golf club when he was 3. He has a daily routine involving practicing at 6 a.m. before heading to school. He’s also enrolled in a school entrepreneur program that involves taking classes at a junior college that will qualify for college credits.
“They are long days, but I get through it,” Hudson said.
He comes from a family that enjoys golf. His great-grandfather played until his death at 98 last year.
“I love how it can take me to interesting places and meet interesting people,” Hudson said. “I can play for the rest of my life. It’s a lifelong sport.”
It’s looking like another strong year for golfers in Southern California, with several individual champions returning, including Jaden Soong of St. Francis and Grant Leary of Crespi.
Now Hudson has thrust himself into the conversation.
This is a daily look at the positive happenings in high school sports. To submit any news, please email eric.sondheimer@latimes.com.
Sports
Dashcam video shows former WWE executive Vince McMahon rear-ending vehicle on Connecticut highway
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Police have released new video showing former WWE Chairman Vince McMahon speeding before crashing his 2024 Bentley Continental GT into another luxury car on a Connecticut highway last summer.
McMahon appeared to be followed by a state trooper in Westport moments ahead of the eventual collision. McMahon’s vehicle reached speeds of more than 100 mph, state police said.
A trooper’s dashcam video showed McMahon accelerating and then braking too late to avoid rear-ending a BMW. The car McMahon was driving then swerved into a guardrail and careened back across the highway. A cloud of dirt, apparently mixed with vehicle debris, was visible in the immediate area of the crash.
WWE owner Vince McMahon enters the arena during WrestleMania at AT&T Stadium on Apr 3, 2022 in Arlington, Texas. (Joe Camporeale/USA Today Sports)
“Why were you driving all over 100 mph?” a state trooper asked McMahon after catching up to the wrecked Bentley.
“I got my granddaughter’s birthday,” McMahon replied, explaining he was on his way to see her. The encounter was recorded on police bodycam video.
No serious injuries were reported in the July 24 crash, which happened the same day former professional wrestler Hulk Hogan died of a heart attack in Florida.
In an image taken from Connecticut State Police police bodycam video, Vince McMahon is questioned in his car after an accident on July 24, 2025, in Westport, Connecticut. (Connecticut State Police via The Associated Press)
Aside from the damage to the rear of the BMW, another vehicle driving on the opposite side of the parkway was struck by flying debris. The driver of that third car happened to be wearing a WWE shirt, police video suggested.
McMahon was cited for reckless driving and following too closely. In October, a state judge allowed him to enter a pretrial probation program that could erase the charges if he completes it successfully.
He was also ordered to make a $1,000 charitable contribution. His attorney, Mark Sherman, called the crash simply an “accident.”
“Not every car accident is a crime,” Sherman said. “Vince’s primary concern during this case was for the other drivers and is appreciative that the court saw this more of an accident than a crime that needed to be prosecuted.”
Vince McMahon attends a press conference to announce that WWE Wrestlemania 29 will be held at MetLife Stadium in 2013 at MetLife Stadium on Feb. 16, 2012 in East Rutherford, New Jersey. (Michael N. Todaro/Getty Images)
State police said a trooper was trying to catch up to McMahon on the parkway and clock his speed before pulling him over. They said the incident was not a pursuit, which happens when police chase someone trying to flee officers. They also said it did not appear McMahon was trying to escape.
“I’m trying to catch up to you, and you keep taking off,” State Police Det. Maxwell Robins said in the video.
“No, no no. I’m not trying to outrun you,” McMahon clarified.
An accident information summary provided to the media shortly after the crash did not mention that a trooper was following McMahon.
The trooper’s bodycam video also shows him asking McMahon whether he was looking at his phone when the crash happened. McMahon said he was not and added he hadn’t driven his car in a long time.
After Robins tells McMahon that his car is fast, McMahon replies, “Yeah, too (expletive) fast.”
Fox News Digital submitted a public records request to obtain the police video, which was first acquired by The Sun.
McMahon stepped down as WWE’s CEO in 2022 amid a company investigation into sexual misconduct allegations. He also resigned as executive chairman of the board of directors of TKO Group Holdings, the parent company of WWE, in 2024, a day after a former WWE employee filed a sexual abuse lawsuit against him. McMahon has denied the allegations. The lawsuit remains pending.
The Associated Press contributed to this report.
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