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Leeds United sold Crysencio Summerville to West Ham United for less than his market value to ensure the club avoided breaching financial regulations. That is according to football finance expert Stefan Borson in the wake of yet another high-profile Elland Road departure.
The prospect of the Whites cashing in on some of their best players always appeared likely after they came up short in their pursuit of promotion to the Premier League last time around. Summerville and Archie Gray have departed Elland Road since the summer transfer window opened for business, joining the Hammers and Tottenham Hotspur respectively.
While teenage starlet Gray moved to Spurs for around £30m, it is thought United have received £25m plus add-ons for Summerville. The figure for the Dutchman, who had two years left to run of his Whites deal, is considerably less than the club’s hierarchy were believed to be looking for at the start of the transfer window.
Borson told Football Insider: “It’s quite difficult to model out Leeds because we don’t have what their costs were for last season yet. We won’t know that until probably early next year actually. But we know that they probably would have breached PSR had they not sold Gray at the death.
“I think it’s likely that their cost base without promotion needs them to sell players to meet PSR and Summerville is one of those players.
“If you look at the value they have sold at, it’s probably less than you would have imagined they would have been able to get for the player maybe six months ago. I suspect there is a PSR element to that sale. It’s not PSR as in the Premier League PSR, it’s the EFL’s P&S rules, but I think there will have been an element of that.”
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