Sunday marks the end of the financial year in the Premier League, meaning clubs need to ensure they are compliant with PSR as they submit their accounts.

Clubs cannot lose more than £105m over a three-year period – and even less if they have spent some of that period in the Championship.

Deals cannot be processed on 30 June itself, as it is not a working day, so some transfers may not be confirmed and registered until Monday.

Several clubs are believed to need to sell and last weekend about £75m in deals were agreed, more than the £30m spent on transfer deadline day in January – and close to the £100m outlay across the Premier League in the whole of January 2024.

Selling academy players generates 100% profit for clubs to put into their accounts, while the amount paid by the buying club is spread out – using an accounting practice called amortisation – over the length of the contract.

So if two clubs agree to sell players to each other, especially academy players, it provides a significant financial boost.