Hull City avoid points deduction after selling Ivor Pandour and Edon Shehu
Hull City sold Ivor Pandour to Rangers for £6m and Edon Shehu for Panathinaikos for around £2.5m within hours of the close of the period. This generated a total profit of around £7 million, enough for the club to avoid a points deduction under PSR rules.
The two deals generated profits of around £7m, erasing the club's losses under the EFL's Financial Supervisory Regulations (PSR). PSR rules limit Championship clubs' losses to £39m over three years. Hull has reported losses of around £6m for the period up to 2025-26, if the losses cannot be erased. The club could face a maximum six point deduction upon promotion to the Premier League.
Only profits from player sales count towards PSR's calculations and Hull were previously expected to sell Kyle Joseph to Middlesbrough for £5m to help clear their losses. But the deal was not completed in time due to problems between the two clubs.
The fallout from PSR concerns also means Hull will be unable to sign any new players before the start of the season. Trading activity is expected to accelerate after the new fiscal period begins on Wednesday.
The PSR is being replaced by a new system called squad cost ratio (SCR) that estimates ongoing spending on an annual basis. It allows clubs to spend up to 85% of the revenue generated on the first team. This is different from PSR's three-year total loss assessment.
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