Hull City sold Aidon Shehu to Panathinaikos on Wednesday morning for a reported £2.5m, another move in a late scramble to clear their PSR overspend before the 30 June deadline. The 19-year-old midfielder had not made a first-team appearance for Hull City and spent the end of last season on loan at Scarborough Athletic.
Hull City and the £6m gap
The sale matters because Hull City needed to erase an overspend of about £6m for the period to 2025-26 or face a possible deduction of up to six points in the Premier League. Only the profit on transfers counts towards PSR, so the club was chasing sales that would turn into accounting gain before the period closed.
Ivor Pandur was sold to Rangers for £6m on Tuesday evening, and the two deals together equated to about £7m of profit for Hull City’s PSR calculation. That left them with a narrow route to the deadline, but it was the kind of route they had to take after promotion.
Kyle Joseph and Middlesbrough
Hull City had expected Kyle Joseph to be sold to Middlesbrough for £5m to clear the deficit, yet that deal could not be completed on time. So the club leaned on Shehu, whose transfer was completed on Wednesday morning and helped keep the pressure off the accounting deadline that ended on 30 June.
Shehu’s fee was reported at £2.5m, but the practical question is whether that amount, together with the Pandur sale, was enough on its own or whether Hull City still needed more PSR profit from elsewhere. Once the new accounting period began, transfer activity was expected to ramp up from Wednesday.
