An investigation is expected into clubs buying and selling players to comply with profit and sustainability rules
clubs, there has been no getting away early on holiday this summer. Almost £250m was spent on players in the space of four days at the end of June – more than the entirety of the January transfer window – leading to Sunday 30 June being described as an unofficial transfer deadline day as a scramble took place in order to balance the books and be compliant with profitability and sustainability rules .
“The clubs have been very clever to say that these are not swaps, they are just individual deals signed off pretty soon after one another,” the football finance expert Kieran Maguire tells the Guardian. “Generally speaking there’s nothing to stop them saying, ‘I’ve got a player who you want and vice versa. We think that your player is worth £5m more than mine, so we could agree that the prices are £10m and £15m or we could agree that they are £25m and £30m’.
“Any transaction for more than £1m is potentially subject to a fair market value review,” adds Maguire. “But the people trying to agree what a fair price for a player have got an almost impossible job. There’s no list prices for them because they are all unique – it’s not like buying an iPad.”
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