This morning’s blog was initially planned to be a discussion about how the PSR reporting date had become a new influencing factor when it came to transfers being completed.
Summer tournaments such as the Euro’s have always lead to slow starts to the transfer windows. In my mind, the slow start to this transfer window had been exacerbated by PSR.
Deals completed by 30 June 2024 go into the 2023/24 reporting window, whilst deals completed on 1 July 2024 do not need to be reported until 2024/25. If a club was on the brink of breaking the rules in 2023/24, they would be keeping their powder dry until 1 July before completing any deals.
Ligue 1: €910m Serie A: €878m Bundesliga: €735m Premier League: €520m – 2024 to date La Liga: €443m
With 2 months still left in the transfer window, Premier League sides have already spent more than every La Liga team did in the summer of 2023. And they are over half way to the total expenditure by French teams last summer.
What is even more incredible about this figure is the Big 4 have yet to spend a penny – Arsenal, Manchester City, Manchester United and Liverpool have seen no new arrivals yet.
Surely I am not alone to think that this transfer window has had a slow start?
It might be that the lack of business by big clubs has influenced my mind, or it might be that I just do not care anymore about transfers and the transfer window – it does drag on!
But my theory is a lot of money has been spent on not very much. A lot of “PSR deals” pushing up the total expenditure. And a lot of average players going for €20m+
Ian Maatsen – €44m Archie Gray – €41.25m Elliot Anderson – €41.2m Yankuba Minteh – €38.8m Igor Thiago – €33m Lewis Hall – €33m Omari Hutchinson – €23.5m Luis Sinisterra – €23.4m Luis Guilherme – €23m Taylor Harwood-Bellis – €23m Omari Kellyman – €22.5m Ibrahim Osman – €20m
That is nearly €366m on big money transfers, and I do not know who most of them are! In months down the line, fans will be complaining about PSR and how their club is being punished. When the reality is they have spend millions on average players!
This is not clubs spending sensibly.
I could jump in my cab in the morning and not batter an eye lid if any of them were behind the wheel. It is literally over €500m spent on players who would be no more recognisable than an Uber driver!
I am happy that we have not made a signing yet. The big, better signings will come once Euro’s is over. The only players available at this time is the average clowns mentioned above!
After the dismal bore draw against Slovenia, Ian Wright floated the idea of Bukayo Saka being moved to left back. This idea has been derided by many. But is it really as crazy as it seems?
A lot of (mainly Arsenal fans), gave Wrighty some abuse for his suggestion. They saw his comments as both a slant on Saka’s form and that Wright would be sacrificing the Arsenal man to et Cole Palmer into the team. Neither of these are true.
A major issue for England this tournament is the team has lacked balance.
Take way that Southgate is playing the wrong formation (he should go 4141) and tactics (why play so defensive minded when we have so many great attackers?), the left hand side has been one of England’s biggest problems.
Kieran Trippier was lucky to make the squad.
He had an average season for Newcastle United, which led to many Geordies calling for him to be dropped. At 33-years-old, his decline this season has been rapid. Were it not for Ben White’s falling out and Reece James’ injury, I do not think Trippier would have been in Southgate’s final squad.
The former Spurs and Burnley player is also not a left back. A quick search of Transfermarkt shows that he ha splayed just one game domestically in that position – a League Cup tie against Barnsley back in 2017.
Trippier offers nothing going forward on that left hand side. He does not use his left foot, does not even pretend to go down the outside and does not hug the touchline. It makes England very narrow and predictable.
Ahead of him, you have Phil Foden.
Foden is a fantastic player. You do not win Premier League Player of the Year being average. But he is best suited centrally, either as the sole 10 or on the right hand side of a pair of 8s.
When Foden plays on that left hand side, he always looks to come inside to get more involved. He is just not your typical “chalk on the boots” winger.
Trippier not being able to play on the outside and Foden looking to come inside all the time has made our left wing almost non-existent. we are basically playing in just 70% of the pitch, which in turn allows teams to defend narrower and restrict our space.
Southgate needs to get width into the team.
He could play Saka on the left wing, but like Foden he will probably look to drop inside to be more involved. The solution therefore could be to move Saka to left back.
Often during his youth career, Saka would play at left back. And when he first broke into the first team, he was utilised both at left back and left wing back. I must say that these were emergency cases and the club always saw him as an attacking player.
Ian Wright after the England game last night… 👀🏴
🗣️ “With how naturally left-sided Saka is, can we put Saka at left back and Cole Palmer on the right-hand side?”
A reminder he played there at youth level for club and country & even for the first team when he broke through…… pic.twitter.com/LhMkEc8aKO
Whilst you might lose some of Saka’s attacking contributions on the right hand side, you gain by having a natural left footer at left back. Someone that has the discipline and game awareness to provide width, get chalk on his boots, and make those runs in behind Foden.
It might not be a long-term solution as better teams will look to exploit Saka’s defensive weakness, however against Slovakia this has to be an option.
Slovakia are unlikely to attack us much, so doubling up with Foden and Saka on the left hand side could turn it into a strength.
Southgate then has the option of either Cole Palmer or Jarrod Bowen on the right hand side – whilst they might not be at our mans level, they can both certainly do a decent enough job on that wing.
In my view, you gain more upgrading from Trippier to Saka at left back, then you lose from downgrading from Saka to Palmer/Bowen on the right wing.
Wrighty’s (and mine) comments should not be seen as disrespect for Saka. it is not him being pushed back into defence due to his form. It is a compliment to the young mans versatility that he should be a genuine option there. And sometimes as a player you need to make a sacrifice for the betterment of the team.
Over the years I think of Thierry Henry playing left wing for France, Sergio Ramos playing right back for Spain, Javier Mascherano playing centre back for Barcelona and many others who have been pushed out of their natural position to do a job elsewhere.
I would be surprised if Southgate does select Saka at left back. the knock out stages of an international tournament is not really the time or place to be experimenting. But we can also not keep going with Trippier when he offers so little in attacking positions.
Enjoy your Thursday. Cricket starts at 15:30. Hopefully we smash the Indians!
Yesterday it was leaked that 6 clubs were at the risk of breaking Profit and Sustainability Rules, and might have to sell before 30 June to avoid breaching them.
Chelsea, Newcastle, Aston Villa, Everton Nottingham Forest and Leicester City were the 6 clubs named. And as expected, fans of the clubs (alongside Manchester City fans) blame the rules their clubs signed up for, and the “Cartel 6” – their pet name for the “Big 6”.
Oddly, they include Chelsea as part of that Big 6. But the West London club are one of those facing punishment.
The truth is, these clubs are not being punished for being ambitious. They are being punished for being badly run. The Badly Run 6.
Everton – Last season Everton were hit with 2 points deductions, so it should be no surprise they are on this list.
Whilst their fans followed their red brothers and sisters and played the victims, the truth is they are the worst run Premier League club since Leeds United. And a perfect example as to why PSR is needed.
When Farhad Moshiri became major shareholder in Everton in 2016, their fans rejoiced. The expectation was he was a front for oligarch Alisher Usmanov and the Uzbeki would bankroll them to success.
Huge early spending was financed by sponsorship deals linked with the former-Arsenal owners companies. But huge money signings did not translate to success on the pitch.
Everton have continued to balance the books and, with Moshri wanting out, they have been taking out monthly loans from private companies to finance their day to day running.
Everton’s net debt increased to roughly £330m at the end of June 2023 up from £141m a year earlier. And that does not include the £200m they owe 777 Partnerships.
Instead of blaming the Premier League, and pointing fingers at clubs that are run better, they should be directing their anger to their owners.
Without PSR, Everton would be in administrations and plummeting down the leagues.
Chelsea – Is it any surprise that Chelsea are on this list?
Their new owners thought they were being clever, spending close to £1bn over the space of a couple of years, handing out long term contracts to everyone. There is a reason why other clubs never exploited amortisation and only gave out 5-year contracts on average.
The Chelsea plan was clear – to spend huge on young players, give them long contracts to spread out the transfer fee, and then sell academy graduates to balance the books.
Last season they raised £75m by selling Mason Mount, Ruben Loftus-Cheek and Callum Hudson-Odoi. This was topped up by cashing in on the Saudi boom.
It was always known that to stay within PSR, Chelsea would have to continue selling academy graduates and this season they will look to raise funds through the likes of Reece James, Conor Gallagher, Levi Colwill and Trevoh Chalobah.
It is an unsustainable model as it relies on academy graduates the calibre of Mount, James and Gallagher to come through each year, become regulars, and be sold for big money.
Chelsea will be in the “have to sell to buy” for years to come due to the contract situations.
Aston Villa – Villa are being upheld as the team who are “being punished for trying to be competitive; with loads of comments about how they sold an academy graduate for a record British transfer fee and are still in danger of breaching the rules.
There is a bit to unpack on this one, so we will start with Jack Grealish.
For years, any time Liverpool made a big money signing, they justified it by saying “we are just spending the Coutinho cash”, instead of just acknowledging they were a big spending club. Villa is becoming a similar joke with the Grealish money.
Grealish left them in 2021 for £100m. that same summer they signed Emiliano Buendia (£33m), Leon Bailey (£30m), Danny Ings (£25m). £88m and, Bailey aside (when fit), very uninspiring. Reminds me of when Spurs spent the Gareth Bale money on a load of rubbish.
To the above, they then added Lucas Digne (£25m) in January.
In 2022, their fans continued to claim they were still spending the Grealish money as they signed Diego Carlos (£26m) and Coutinho (£17m). A fairly quiet summer was backed up by a busy winter as they signed John Duran (£14.7m), Alex Moreno (£13.2m) and Leander Dendoncker (£13m).
Aston Villa are not in their current position because they have been ambitious, they are in the position because they have bought a load of tripe and wasted that Grealish money. And this is a continuation of what they have done since returning to the Premier League in 2018.
Aston Villa have spent nearly £500m since returning to the Premier League. They are the 8th highest spenders with only the “Big 6” and West Ham United ahead of them. Alongside this, they have consistently had a wage to turnover ratio of 80% – IE they spend 80% of their turnover on wages
Villa have “leapfrogged” other clubs who operate within PSR such as West Ham and Brighton through their spending.
There is a tight line between being “ambitious” and being “wreckless”.
Aston Villa’s owners took the gamble and got Champions League football as a reward. For them the gamble might have paid off. But for many others taking the gamble it does not. Villa could quite easily go the way of Everton if they are unable to sustain their spending.
Nottingham Forest – Like Chelsea and Everton, it should be no surprise these clowns are on this list.
Since promotion back to the Premier League in 2022, Notts Forst have signed 35 first team players. A further 11 have also joined on loan.
The majority of these players came in on short term deals, with sizeable signing on fees. Many have now left for free having seen their contract expire. It is not sustainable to run a club on signing almost a whole squad every summer, and releasing the same amount of players.
They have already been hit with one points deduction, and it will not be a surprise if they are hit with another. A badly run clubs.
Leicester City –The implosion at Leicester City has been on the cards for years.
After their success in 2016, they continued to building a team off the back of the Champions League money and sales that saw them also win the FA Cup and finish top 6 twice. In 2021 there was talk as to whether they had replaced Arsenal as a “Big 6” side.
But they were being quietly propped up by the income from their owners company – King Power. King Power International Group is a Thai travel retail group. They basically own and operate duty free shops across Asia.
When Covid hit, flights were grounded globally. And no flights meant no income for King Power. This is when things started going downhill for Leicester, and also highlights why the Premier League want to protect clubs from having “above market value” sponsorship deals from companies owned by owners.
Leicester City act as a warning to Aston Villa – ambition is not always sustainable and if you recruit players on big wages and do not maintain your league position, the debts will quickly rise.
“Victims of their owners ambition” is how I would label Leicester City’s current predicament. he club continued to gamble, expecting the income to continue rolling in, and it did not.
2 years ago Leicester were relegated. A warning of what could happen if you rely only on owners ambition, rather than running the club well.
Newcastle United – The final club on the list is Newcastle United. I was surprised they are close to being in breach.
Whilst they have spent big since the Saudi’s came in, it felt like they were operating sensibly and working withing PSR – clearly with one eye on the Manchester City case.
Last season they secured Champions League football. This season they have no European football. And that is maybe why they are sailing close to the winds on PSR.
That will be a £50m+ drop in income from 2023/24 to 2024/25. they now have to finance a huge wage bill without any European income.
Are Newcastle a victim of ambition? I would say no. Are they being held back from signing players due to PSR? Probably.
If anyone was to be against PSR, it would be Newcastle. They want to be where Man City are but can not spend the millions that their fellow PetroClub did.
But what is interesting is it is only their fans moaning about PSR, not the owners or management. This makes me think they are happy with PSR and are looking to grow the club sensibly, for generations to come.
Newcastle fans sum up the “fast food culture” that we live in. They want to be bank rolled to immediate success. They are not willing to wait and grow sensibly.
I do not think Newcastle are that badly run. They just have fans who have ideas above their station.
With all of this, it has to be remembered that PSR effects all clubs.
Fans hit out at the “Cartal 6” yet one of those facing punishment is Chelsea.
In January, Manchester United were unable to recruit due to PSR. Arsenal also pulled out of a deal for Mohammed Kudus due to PSR. Liverpool have also face restrictions on what they spend.
It is also nothing new for players to move to bigger clubs, where they will play on bigger stages, earn more money and have a greater chance of success.
I see fans of Everton, Newcastle, Aston Villa and Nottingham Forest moaning that PSR is the reason why they might have to sell Jarrod Branthwaite, Alexander Isak, Ollie Watkins and Morgan Gibbs-White this summer. But none of these were academy graduates.
Was PSR the reason Branthwaite left Carlisle for Everton? Or Isak joining Newcastle from Sociedad? Watkins joined Villa from Brentfod and Gibbs-White moved from Sheffield United to Nottingham Forest.
It seems fans moan about PSR when it is there player looking to move clubs. But when they are signing players nothing is said.
You can not sit their demanding your club sign X, Y or Z player from clubs below you in the league, then cry foul play when a club higher than you signs one of your players.
Chelsea, Everton, Newcastle, Leicester, Aston Villa and Notts Forest are not being punished for their ambition. They are being punished because they are badly run.
Ladies and gentlemen, introducing the Badly Run 6.
She Wore A Yellow Ribbon 