Hull sell Pandur, Shehu hours before PSR deadline
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- Hull City sold first-choice goalkeeper Ivor Pandur to Rangers for £6m on Tuesday evening, then confirmed midfielder Aidon Shehu's sale to Panathinaikos for a reported £2.5m on Wednesday morning — together erasing roughly £7m of profit needed to meet EFL PSR rules.
- Hull had overspent by about £6m against the £39m three-year loss limit, leaving them facing up to a six-point Premier League deduction; only profit on transfers counts toward the PSR calculation.
- Pandur, 26, cost £1.5m from Fortuna Sittard in January 2024 and won three Hull player-of-the-year awards in 2024-25, while 19-year-old Shehu never made a first-team appearance and was signed from Southend United for a small compensation fee — making his sale effectively pure profit.
- Hull were also expected to sell Kyle Joseph to Middlesbrough for £5m to clear the deficit, but a snag between the clubs meant the deal could not be completed in time.
- PSR concerns have prevented Hull from making any new signings before the new season, with transfer activity set to resume from Wednesday when the new accounting period begins.
- PSR is being replaced by a squad cost ratio (SCR) system that allows clubs to spend 85% of their income on squads annually, rather than assessing losses over three years.
Why it matters: Hull earned roughly £200m from promotion but were forced into fire-sale player exits within hours of a regulatory deadline just to compete in the Premier League — a paradox the incoming squad cost ratio rules aim to fix by replacing three-year loss caps with an annual income-linked ceiling.
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