I mean every swap deal is basically teams agreeing to sign each other's players for an agreed amount on both sides that inflate values to help each other's books. Not too much though, gotta be around market value. It's not a literal swapping of players. Just mutual transfers that are agreed at the same time.
Man Utd might not want it on their books though that they paid 60m euros for Ugarte so if PSG don't lower that price then the deals might not go through.
Sure, but that's not a problem. Currently United owes Sancho (roughly) £200k a week or £10M a year for 2 more years. There's also £30M left of his transfer fee to be amortized. So that means for PSR purposes our expenses are:
Year 1: £10M wages + £15M amortization = £25M
Year 2: £10M wages + £15M amortization = £25M
If we swap Sancho and Ugarte via a simultaneous transaction and pay Ugarte £200k a week it'd look like this on our books:
Year 1: £10M (Ugarte) wages + £15M (Ugarte) amortization - £ = £25M
Year 2: £10M (Ugarte) wages + £15M (Ugarte) amortization - £ = £25M
Costs us nothing on net, because Ugarte takes over Sancho's remaining amortization based on PSR/FFP rules. If we swapped Sancho plus gave PSG £10M, then we would just amortize the extra £10M over the life of Ugarte's contract. And all of this is much better financially than just buying Ugarte and keeping Sancho, which if we paid £40M for Ugarte's fee and gave him a 5 year contract at £200k a week would look like this:
Year 1: £10M (Sancho) wages + £15M (Sancho) amortization + £10M (Ugarte) wages + £8M (Ugarte) amortization = £43M
Year 2: £10M (Sancho) wages + £15M (Sancho) amortization + £10M (Ugarte) wages + £8M (Ugarte) amortization = £43M
Sorry, I know this is a long post for this thread. All this is just to illustrate a swap is far more favorable to us than an outright buy financially.