Leicester City mini transfer window explained and why announcements may be delayed

Leicester City and several Premier League rivals are racing against time to comply with profit and sustainability rules before the end of the football accounting year – but the passage of the June 30 deadline itself may not immediately clear everything up.

City need to cash in before the end of the accounting period on Sunday – and their best chance of earning a significant sum is to sanction the sale of star midfielder Kiernan Dewsbury-Hall, with a deal with Chelsea in the works.

Any cash generated by the departure of the Dewsbury-Hall Academy graduate would go into the books as pure profit and – with £10m already banked in compensation for losing Enzo Maresca and his staff to Chelsea – would almost certainly resolve PSR’s concerns for 2023/ At least 24 seasons.

READ MORE: Business to be done by June 30 for City to avoid PSR nightmare

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The EFL had long predicted that City were walking a tightrope and placed them under a registration embargo at the start of the spring.

The BBC warns, however, that transactions cannot be processed on June 30 itself, “as it is not a working day, so some transfers may not be confirmed and registered until Monday”. It is believed the bids may still be put in place on Sunday, but it would be an anxious wait until the following day for the EFL or Premier League to then wave a green or red flag.

To comply with the PSR for this football accounting period, Leicester’s losses cannot exceed £13m, which is the Championship threshold. The PSR calculation is usually assessed over a three-year cycle, but the EFL operates a double jeopardy rule, meaning that any club previously found in breach of the PSR limits their losses.

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