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)
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Now the NBA playoffs are in the swing of things.
Let’s check out the odds for the second round of the playoffs, at DraftKings Sportsbook as of May 11.
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EAST SECOND ROUND
No. 7 PHILADELPHIA vs. No. 3 NEW YORK
NYK wins 4-0
No. 4 CLEVELAND (+200) vs. No. 1 DETROIT (-250)
DET leads 2-1
GAME 4 — DET @ CLE (May 11)
Spread: Cavs -3.5
Moneyline: Pistons +140, Cavs -166
O/U: 213.5
What to know: This has been a weird series. Each team has yet to lose on its home court, and the games haven’t seen much domination on either side. Take Game 3 for example: Cleveland held Detroit to 18 points in the second quarter and took a 16-point lead into halftime. Then, in the third quarter, the Pistons held the Cavs to 19 points, cutting that deficit to two heading into the fourth. But Cleveland put together its highest-scoring quarter of the game in the final frame to emerge with a seven-point win.
WEST SECOND ROUND
No. 4 LOS ANGELES (+7000) vs. No. 1 OKLAHOMA CITY (-20000)
OKC leads 3-0
GAME 4 — OKC @ LAL (May 11)
Spread: Thunder -11.5
Moneyline: Thunder -520, Lakers +390
O/U: 214.5
What to know: It appears the Lakers just don’t have the firepower to compete with the Thunder. OKC has won the first three games of the series by a combined 59 points (19.7 points per game), including a 23-point win in Game 3 in Los Angeles. And consider this: SGA is averaging just 21 points per game on 46% shooting. The Thunder are stacked, and sit at 7-0 in the postseason so far.
No. 6 MINNESOTA (+320) vs. No. 3 SAN ANTONIO (-390)
Tied 2-2
GAME 5 — MIN @ SAS (May 12)
Spread: Spurs -10.5
Moneyline: Spurs -410, Wolves +320
O/U: 218.5
What to know: We’ve got a series on our hands. Now tied at 2-2, both of these teams have won once at home and once on the other team’s home floor, with the Wolves winning a crucial Game 4 in Minnesota. But that wasn’t the story of the night. Victor Wembanyama was assessed a Flagrant 2 in the first half of Game 4, and was ejected from the game, after hitting Naz Reid with a vicious elbow to the head. He will play Game 5, but how chippy might things be after that?
Missouri running back Ahmad Hardy is in stable condition after being shot at a concert early Sunday morning in Mississippi, the university’s football program said in a statement Monday morning.
Hardy underwent surgery after sustaining a gunshot wound, according to the team, which added that a timeline for his return to football activities is unknown at this time.
“Ahmad is deeply loved by his teammates, coaches, friends, family and fans,” the team’s statement said. “We will continue to stand beside him and his family through this difficult time, offering our love, prayers, strength and support.”
According to ESPN, Hardy is alert and moving around Monday morning.
Details from the shooting are unclear.
A native of Oma, Miss., Hardy spent his freshman season at Louisiana-Monroe, where he rushed 257 times for 1,351 yards and 13 touchdowns.
He transferred to Missouri last season and rushed 256 times for 1,649 yards (second among FBS players) and 16 touchdowns. In addition, Hardy earned first-team All-America honors from the Associated Press and was one of three finalists for the Doak Walker Award for college football’s top running back.
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The Indiana Pacers’ risky move backfired after the 2026 NBA Draft Lottery saw them lose their top pick altogether in a disastrous turn of events on Sunday afternoon.
Heading into the lottery, the Pacers, who went 19-63 just one season after reaching the NBA Finals out of the Eastern Conference, had a 52.1% chance of having a top-four pick.
However, when they didn’t see their team chosen in the first four picks – Indiana also had a 14% chance of getting the No. 1 overall pick – it was time to panic.
Indiana Pacers president of basketball operations Kevin Pritchard speaks during a press conference to announce center Miles Turner’s contract extension at Gainsbridge Fieldhouse in Indianapolis, Ind., on Jan. 30, 2023. (Marc Lebryk/USA TODAY Sports)
The reason? The Pacers included their first-round pick in a trade with the Los Angeles Clippers for Ivica Zubac, but they only made it a top-four protected pick. That means, if the Pacers were chosen in the lottery as a top-four selection, they would be able to keep it.
But the Pacers were chosen as the No. 5 pick, and the Clippers now own the selection in next month’s draft.
NBA LOTTERY CHAOS: WASHINGTON WIZARDS STRIKE GOLD, PACERS PAY FOR TANKING GAMBLE NIGHTMARE
As a result, Pacers team president of basketball operations Kevin Pritchard took full responsibility for the move, apologizing on social media.
“I’m really sorry to all our fans,” he wrote on X. “I own taking this risk. Surprised it came up 5th after this year. I thought we were due some luck. But please remember – this team deserved a starting center to compete with the best teams next year. We have always been resilient.”
Signage is displayed during the 2026 NBA Draft Lottery at Navy Pier in Chicago, Illinois, on May 10, 2026. (Melissa Tamez/NBAE/Getty Images)
The Pacers were viewed as a team that were actively tanking despite the NBA’s attempt to crack down on such a season, with the lottery being one way of that. And it clearly worked this time around.
Pritchard was trying to be transparent and honest with the Pacers fan base, but people were quick to jump in the comments to make their thoughts, and gripes, known.
“You lose Myles Turner and add Zubac,” one X user began. “You lose [Benedict] Mathurin and the number 5 pick with absolutely nothing in return. This is why fans are upset, for a center who not even a top 5 center in the NBA. Who trades their future away for Ivan [sic] Zubac???”
Another X user called this a “generational draft,” and couldn’t fathom the Pacers won’t be picking from a deep class.
“If I were a Pacers fan and my team traded away a top 5 pick for Ivica Zubac in the middle of a tanking season I would be beyond devastated,” a fellow X user wrote.
Indiana Pacers guard Tyrese Haliburton shoots around on the court before an NBA game against the Minnesota Timberwolves in Indianapolis on April 7, 2026. (Doug McSchooler/AP)
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The Pacers were without their All-Star point guard Tyrese Haliburton all season long after he suffered an Achilles injury during the NBA Finals against the Oklahoma City Thunder. But Indiana still has key members of that team returning next season, including Pascal Siakam, Andrew Nembhard, and Aaron Nesmith.
However, this 2026 draft class is quite the spectacle, with many believing it to be deep considering the talent of BYU’s AJ Dybantsa, Kansas’ Darryn Peterson, UNC’s Caleb Wilson, and Duke’s Cam Boozer, among others.
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