How did Premier League clubs avoid PSR charges?

Nick Mashiter, BBC Sport football news reporter:

Villa had to sell players last summer to comply, having reported a £119m loss on their accounts until May 31, 2023.

At the time, Villa said the figures were “in line with the strategic business plan” and within the PSR, set by the Premier League.

In the early summer’s scramble to meet the June 30 deadline, they sold midfielder Douglas Luiz to Juventus for £42m and Moussa Diaby joined Saudi side Al-Ittihad for £50m, while also letting Tim Iroegbunam leave for Everton for £9m and Omari Kellyman to Chelsea for £19m.

However, Diaby’s signing from Bayer Leverkusen for a reported £51m and Spanish centre-back Pau Torres from Villarreal for £31.5m in July 2023 are included in these accounts.

Villa made a £300,000 profit in their 2021-22 accounts, helped by the sale of England midfielder Jack Grealish to Manchester City for £100m.

However, Maguire said the profit from this sale will be lost in the next three-year cycle 2022-2025.

Villa voted against the introduction of PSR rules – which came into effect in 2015-16 – while co-owner Nassef Sawiris said in June he was considering legal action.

Sawiris told the Financial Times this summer: “Some of the rules have actually resulted in cementing the status quo more than creating upward mobility and agility.

“The rules do not make sense and are not good for football.”