PSR deadline: Premier League clubs learning from ‘previous excesses’

If clubs aren’t making last-ditch transfers this June it’s because they have learned from their “previous excesses”, football finance expert Kieran Maguire told BBC Sport.

Last June, in the days leading up to the end of the month about £245m was spent on academy graduates.

Tim Iroegbunam and Lewis Dobbin were exchanged in separate deals between Everton and Aston Villa for a reported £9m each.

Another academy youngster – teenager Omari Kellyman – moved to Chelsea for a reported £19m from Villa, while the Blues’ homegrown Dutch defender Ian Maatsen joined Unai Emery’s side for £37.5m.

“Clubs are aware that the Premier League’s rules have teeth, they didn’t want to be in that position where they were scrabbling around in terms of player sales,” explained Maguire.

“First of all you might lose players you’d rather keep, and secondly the prices wouldn’t necessarily be in your own best interest.

“Clubs have learned from previous excesses, and on the back of that we’ve seen a greater degree of caution in terms of spending.

“Clubs are now waiting for 1 July, when, to an extent, things roll over because it’s a new financial year and they’ll have a different budget,” Maguire added.