Premier League 'pens letter to clubs to explain its rules regarding fair valuation' amid fears they are using swap deals to exploit loopholes in financial rules before June 30 deadline

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Premier League 'pens letter to clubs to explain its rules regarding fair valuation' amid fears they are using swap deals to exploit loopholes in financial rules before June 30 deadline

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Swap deals, or at least multiple transfers between the same teams, appear to be back in fashion among some Premier League clubs. Everton signed Tim Iroegbunam from Aston Villa for £9m last week, while Lewis Dobbin headed the opposite way for an undisclosed fee. Villa also agreed a £37.5m deal to sign Ian Maatsen from Chelsea, with Omari Kellyman heading in the other direction for £19m - though both deals have not yet gone through.
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