The division will make its judgment on the accounting period for 2021-2024 after clubs who recorded losses for the first two years of that cycle were required to submit their accounts to the Premier League by 31 December. The Guardian reports that the league will issue any charges in the coming days after giving it’s financial and legal departments two weeks to assess the books of those clubs deemed to be at risk of a breach.

That sees Manchester United, Newcastle, Leicester, Chelsea, Nottingham Forest and Everton under scrutiny. The latter two sides were both charged with breaches 12 months ago and were docked four and two points respectively, leaving a hint of what could await for any team falling foul on this occasion.

United don’t appear to have too much to be worried about having already published their accounts for 2023/24. Though the club’s recent cost-cutting and that no player is off limits for a transfer would seem to suggest there is not a great deal of wiggle room for the Red Devils.

Newcastle were certainly a club who appeared under pressure over the summer. Yankuba Minteh and Elliot Anderson were sold towards the final moments of the accountancy period.

Anderson’s move to Nottingham Forest appeared to be a ‘PSR deals’ deal of sorts as goalkeeper Odysseas Vlachodimos joined the Magpies for £20million less than a year after arriving from Benfica in a £4m deal.

Chelsea have maintained their confidence of working within PSR, after selling homegrown talent such as Lewis all, Conor Gallagher and Ian Maatsen last summer. The Blues avoided a charge 12 months ago by selling two hotels at Stamford Bridge for £76.5m to BlueCo 22. Notably, Chelsea transferred ownership of their women’s team to the same company two days before filing their 2023-24 accounts in June.

Leicester are once again believed to be under pressure. The Foxes were charged by the Premier League with a breach for 2020-23 but the case was not heard after an independent commission accepted the club’s relegation meant they were not a Premier League club side when their accounts were submitted.
Leicester’s three-year loss threshold is reduced from £105m now however, to £83m after spending a season in the Championship, which has stricter limits.

Everton and Forest had little room for error after being found in breach last season. Both sides have seen deals that could get them over the line however.

The Toffees sold the likes of Lewis Dobbin and Alex Iwobi, while the Midlands side can rely on Brennan Johnson’s exit and increased their commercial income.