| Newcastle PSR 12:48 - Jun 29 with 2525 views | urbanpenguin |
Lots of talk about Newcastle panicking about Monday's PSR cutoff.
Any players there you think Ipswich might try to get to help the Geordies out?
And, as a side, there's a real risk some clubs don't reach their psr needs, especially if the authorities "undo" the youth transfers three clubs did between each other to have the regulations. Would points deduction punishments hit next season, hypothetically? |  | | |  |
| Newcastle PSR on 12:50 - Jun 29 with 2484 views | Parky |
I’d definitely take Sean Longstaff off their hands if he’s available. |  | | |
| Newcastle PSR on 12:51 - Jun 29 with 2452 views | Stewart27 |
I doubt we’ll panic buy in order to save another club from financial cheating sanctions. [Post edited 29 Jun 2024 12:51]
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| Newcastle PSR on 12:52 - Jun 29 with 2431 views | ParisBlue |
Elliott Anderson |  |
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| Newcastle PSR on 13:20 - Jun 29 with 2258 views | Help |
I see them taking the points hit and keeping their players. I thought they put up for sale a couple of players at ridiculous prices and got no offers. |  |
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| Newcastle PSR on 14:29 - Jun 29 with 1883 views | Illinoisblue |
| Newcastle PSR on 13:20 - Jun 29 by Help |
I see them taking the points hit and keeping their players. I thought they put up for sale a couple of players at ridiculous prices and got no offers. |
It’s risky but what I think they’ll do. In fact all clubs should say fk it and until Man City’s cheating is dealt with. |  |
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| Newcastle PSR on 15:37 - Jun 29 with 1593 views | joepublic |
I'd happily take Martin Dúbravka on the cheap.
Add lots of experience to our defence and wouldn't cost too much.
A two year deal would be pretty low rick too.
Not the route we are going so won't happen though. |  |
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| Newcastle PSR on 17:42 - Jun 29 with 1335 views | HighgateBlue |
Do we know for sure that the cut-off is even on Monday?
Newcastle United Football Company Limited's accounting year end appears to be 30 June, which is tomorrow. |  | | |
| Newcastle PSR on 17:58 - Jun 29 with 1285 views | ElderGrizzly |
| Newcastle PSR on 17:42 - Jun 29 by HighgateBlue |
Do we know for sure that the cut-off is even on Monday?
Newcastle United Football Company Limited's accounting year end appears to be 30 June, which is tomorrow. |
Cut off is determined by Premier League. Definitely tomorrow |  | | |
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| Newcastle PSR on 18:00 - Jun 29 with 1259 views | ParisBlue |
| Newcastle PSR on 17:58 - Jun 29 by ElderGrizzly |
Cut off is determined by Premier League. Definitely tomorrow |
And you can't register transfers on a weekend. | |
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| Newcastle PSR on 18:58 - Jun 29 with 1114 views | HighgateBlue |
| Newcastle PSR on 17:58 - Jun 29 by ElderGrizzly |
Cut off is determined by Premier League. Definitely tomorrow |
We agree that it appears to be tomorrow.
But the cut off is determined by the end of their accounting period (their "accounting reference date"), which in the case of the relevant Newcastle company appears to be tomorrow. Their accounting reference date, for the purposes of the rules, has to be between 31 May and 31 July inclusive, but can be any date they fancy between those dates.
The 'cut off' is only 30 June if the relevant accounts are prepared up to 30 June, and that is not something that the Premier League has any right to determine.
I really don't understand why so many people claim to know the rules without actually ever having looked at them, journalists included.
The relevant rule in respect of the fabled £105m loss limit is E.53.
The relevant definitions (for the purposes of understanding what the relevant accounting period is) are set out at the following paragraphs within the Rules:
A.1.201
A.1.11
A.1.85
A.1.14
In short, the relevant losses are those in the Annual Accounts. And rule A.1.14 says that :
"“Annual Accounts” means:
(a) the accounts which each Club’s directors are required to prepare pursuant to
section 394 of the Act; or
(b) if the Club considers it appropriate or the Board so requests, the Group Accounts
of the Group of which the Club is a member and which it is required to prepare
pursuant to section 399 of the Act, or which it is required to deliver to the
Registrar of Companies pursuant to section 400(2)(e) or section 401(2)(f) of the
Act,
provided that in either case the accounts are prepared to an accounting reference
date (as defined in section 391 of the Act) which falls between 31 May and 31 July
inclusive. If the accounting reference date falls at any other time, separate accounts
for the Club or the Group (as appropriate) must be prepared for a period of 12 months
ending on a date between 31 May and 31 July inclusive, and in such a case “Annual
Accounts” means those accounts.
Annual Accounts must be prepared and audited in accordance with all legal and
regulatory requirements applicable to accounts prepared pursuant to section 394 of
the Act;" | | | |
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