Yahoo News Major breakthrough in Kiernan Dewsbury-Hall to Chelsea transfer as Leicester City cash in
Kiernan Dewsbury-Hall is now expected to join Chelsea with a £30 million fee having apparently been agreed with Leicester City.
The 25-year-old midfielder was one of the key players under Enzo Maresca as Leicester won promotion back to the Premier League and he is now set for a swift reunion with Chelsea-bound Maresca at Stamford Bridge.
Leicester have needed to listen to offers for their star man in a race to meet profit and sustainability obligations for 2023/24 - and get the sale done before the end of that accounting period, which is today.
There have been talks about sending a player the opposite way - with Armando Broja, David Datro Fofana or Cesare Casadei all mentioned - but negotiations appear to have settled on an outright purchase.
READ MORE: Business that must be done by June 30 for City to avoid PSR nightmare
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Transfer expert Fabrizio Romano said: "Kiernan Drewsbury-Hall to Chelsea, here we go! Player on his way to medical today ahead of contract signing. Deal valid until June 2026 for KDH at Chelsea, reunited with Enzo Maresca. Chelsea to pay fee around £30m to Leicester City after final round of talks today."
A deal wouldn't necessarily have to be publicly confirmed today because it is not a working day. Sales have been announced post June 30 and then back dated to the previous financial period providing an agreement was in place in time.
Football finance expert Kieran Maguire told The Athletic: “What you can argue is that it might fall under the definition of an adjusting post-balance sheet event. Under those circumstances, you could say you’ve agreed a sale of player X from one club to another — ‘We’ve broadly agreed the fee, all of the main issues have been dealt with, but there are still a couple of issues outstanding with regards to personal terms’.
“The clubs had broadly agreed a fee but were still waiting for the player to sort it out. Therefore you can back-date it to June 30. An adjusting post-balance sheet event is where you’ve got evidence of something that had broadly been agreed before the balance sheet date. You would need to have evidence of that, but it shouldn’t be that difficult.”
