Newcastle and Everton’s PSR swap deals could be back on amid twist in £75m controversy

The internal politics of the Premier League may mean that the likes of Everton and Newcastle United will not be forced to give up on their PSR-busting recruitment approach just yet.

Newcastle and Everton are both scrambling to get within the Premier League’s £105m allowable loss limit before the three-year assessment period rolls over on 30th June.

Towards that end, the clubs tried to engineer a controversial quasi-swap deal that would have seen Dominic Calvert-Lewin and Yankuba Minteh change clubs in separate deals for roughly equivalent value.

The deal has now collapsed due to Everton’s £40m valuation of Calvert-Lewin, which Newcastle were not prepared to pay.

Everton have already got a similar deal over the line, however. That saw Lewis Dobbin head to Villa, with Tim Iroegbunam going the other way, each for around £9m.

In the latest twist, BBC Sport is reporting that one unnamed Premier League club is alarmed at these transactions, which have been worth £75m in total already this transfer window.

It is believed that the Premier League is exploring the possibility of setting up a working group to close the loophole.

However, that might be more difficult than it seems on first impression.