ENGLISH clubs including Aston Villa, Chelsea, Leicester and West Ham have completed a swathe of transfers just in time for them to mitigate financial losses and avoid spending breaches.

Aston Villa confirmed the sale of Brazil midfielder Douglas Luiz to Juventus for £42.3m, a transaction that should help them to comply with Premier League profitability and sustainability rules (PSR).

Clubs whose financial years end in June had until Sunday night to finalise deals they wished to include in their 2023-24 accounts. Teams are assessed on a rolling three-year basis, with cumulative losses capped at £105m.

Douglas Luiz joined Villa in 2019 from Manchester City, who are due to a cut of his sale fee. He enjoyed his best season last year, scoring nine goals in 35 league goals. The 26-year-old had just one year remaining on his contract in England.

Two players are set to move Villa from Juventus - English winger Samuel Iling-Junior and Argentinian midfielder Enzo Barrenechea - but the transfers are separate to the Douglas Luiz move. This also means that Villa can book the bulk of the Juventus payment as profit.

Chelsea have agreed a deal to sign midfielder Kiernan Dewsbury- Hall from Leicester for £30m. Chelsea youngster Michael Golding is heading the other way in a separate transaction.

(c) 2024 City A.M., source Newspaper