Football finance, explained simply.

Every number on PSRwatch is a forecast estimate for the 2026/27 season, not a live table or an official figure. It shows the likely direction and scale of each club's squad-cost position, not a confirmed ruling.

The 20 clubs shown are the forecast 2026/27 Premier League. This includes the clubs assumed to be promoted for 2026/27 and excludes clubs assumed to be relegated. Because it is a forecast, it can differ from the current league table.

Companies House filings are the authoritative source for audited revenue, wage bill, annual transfer-fee cost and profit or loss. Those filings arrive months after a season ends, so they cannot describe the current season on their own.

For the current 2026/27 season, PSRwatch starts from the latest filed accounts and applies deterministic revenue assumptions to estimate football income, then compares squad cost with that income.

A club that has just been promoted earns far more in the Premier League than in the Championship, mainly through broadcasting income. PSRwatch will not carry Championship-level revenue into a Premier League forecast. Newly promoted clubs are lifted to a Premier League revenue floor so their squad-cost ratio is not artificially distorted.

Transfer impact only appears when confirmed, non-baseline transfer movements are present in the live transfer ledger. When no real transfer rows are available, PSRwatch does not invent activity or imply that transfers have changed a club's position — the transfer section simply notes that no confirmed movements are included yet.

When player-level provider data is available, PSRwatch shows a real player ledger with names and wage or contract information. Where player-by-player data is not available, PSRwatch instead shows a squad-cost model grouped by position, built from wage and player-registration cost totals. These position-group rows are clearly labelled as estimates. They are not a real player-level ledger, and PSRwatch never invents player names or presents guessed individual contracts as fact.

How each data source is used — and where the estimates are weakest — is explained on the methodology page.

The live 2026/27 view compares squad cost with football income. Squad cost combines wages, annual transfer-fee costs (a fee spread across the player's contract) and estimated agent, signing, loan and bonus costs.

There are two thresholds. Spending between 85% and 115% of football income brings a financial levy — a fine calculated on the exact amount of the overspend. Crossing the 115% red threshold brings a fixed 6-point deduction, plus 1 further point for every £6.5m spent beyond it. PSRwatch headlines the 115% points-deduction line because that is the sporting sanction, with the 85% levy line as the working reference. The old three-year PSR loss test is kept only as a 2023/24-2025/26 closeout layer.

PSRwatch is independent and is not endorsed by the Premier League, EFL, UEFA or any club. The numbers are football-finance estimates for analysis and explanation, not official compliance decisions.