Deadline today – This was the shock Newcastle United PSR impact news 12 months ago | OneFootball

We have now reached the PSR deadline and nobody will forget what happened exactly 12 months ago with Newcastle United (see below).

As laid out below, how it came to pass that Yankuba Minteh and then Elliot Anderson were sold for a combined £68m, simply to stay within PSR.

Neither player wanted to leave St James’ Park, especially lifelong Newcastle United fan Elliot Anderson.

Newcastle United didn’t want to sell either player.

Yet Premier League PSR (Profit and Sustainability Rules) dictated it had to be so, for Newcastle United to stay within three season PSR limits up to and including 30 June 2024.

As you will remember, it could have been far worse, as it had been previously reported that 2023/24 NUFC player of the season Anthony Gordon could have to be sold, or another of United’s first team star players, even maybe Alexander Isak…

Twelve months on and we wait to see what PSR forced sales happen in the Premier League today, so that clubs meet the three season accounting deadline that ends and includes today (30 June 2025).

The whole PSR thing is a farce but at least Newcastle United aren’t one of those under threat today.

Grateful for small mercies and all that.

The Mag report – 30 June 2024:

Elliot Anderson is leaving Newcastle United.

The very reliable David Ornstein of The Athletic breaking the news.

He reports that Newcastle United have agreed a deal with Nottingham Forest for the transfer of the 21-year-old, who will now take his medical ahead of the move being completed.

The man from The Athletic says that this is a reluctant sale by Newcastle United and that the player himself didn’t want to leave St James’ Park either, however, he will accept the move as he understands the situation.

That situation which has become crystal clear for everybody, is that to comply with PSR for these past three years allowed losses and the 30 June 2024 deadline which is the last day of this year’s NUFC accounting period, the sale of one or more players had to happen.

For David Ornstein it was a case of two Newcastle United exclusives in a matter of hours, as earlier on Saturday night he revealed (see below) that a deal had been agreed to sell Yankuba Minteh to Brighton for £33m.

Newcastle United fans left hoping now that these two deals for Elliot Anderson and Yankuba Minteh are now enough to get NUFC the right side of PSR, without needing the sale of other first-team squad players.

For PSR purposes these two deals make perfect sense as Elliot Anderson is a homegrown player and so whatever transfer fee is agreed upon, the full amount of that can go be deducted from the losses this season and this latest three-year period, for PSR purposes.

So say Anderson has been sold for £20m, that full amount will come off Newcastle’s current losses figure, whilst Forest can spread it over five seasons for PSR purposes, £4m spent in each of five accounting years.

Whilst Minteh is almost as beneficial on the PSR front, having been signed for only around £6.5m 12 months ago and now sold for £33m.

David Ornstein report – Late Saturday June 2024:

‘Newcastle United have agreed a deal with Nottingham Forest for the permanent transfer of midfielder Elliot Anderson to the City Ground side.

The Tyneside club are reluctantly prepared to part with the 21-year-old academy graduate to help ensure their compliance with the Premier League’s profitability and sustainability rules (PSR).’

The Mag report – 29 June 2024:

Newcastle United have agreed to sell Yankuba Minteh to Brighton.

An exclusive from the ever-reliable David Ornstein of The Athletic breaking the news.

The man from The Athletic said that the fee is in the region of £33m.

David Ornstein states that the 19-year-old has been given permission to discuss personal terms with Brighton.

He says those talks will take place this Saturday evening but that they are not expected to be a major issue.

All kinds of claims/speculation have surrounded countless Newcastle United players, whether they would potentially be sold in order to get NUFC on the right side of PSR (Profit and Sustainability Rules).

The deadline for this year’s accounts is Sunday 30 June and then £105m losses allowed from 1 July 2021 to 30 June 2024.

Amongst the players claimed who could be sold, have been Bruno, Alexander Isak, Elliot Anderson and Anthony Gordon.

Ironic then that we are now back with the player, Yankuba Minteh, who was the first to be the subject of much speculation earlier this month, in terms of a potential NUFC sale to satisfy PSR.

Assuming this Minteh transfer goes ahead without any issues, we await with interest (fear!) to see whether that £33m deal (Yankuba Minteh cost around £6.5m 12 months ago) will be enough on its own to meet PSR targets this month/season/three year period.’