Good grief. The way nearly everyone writes about PSR is soooooo poor. This tweet just frames the situation really inaccurately. Here's the reality:
Antony has £32.5M in amortization remaining from his purchase after this season -- his transfer amortization is spread over the lifetime of his contract and there are two years left. If we don't sell him, we'll have:
2025-2026 season: £16.25M in amortization on our books for PSR purposes + all his wages (let's say £120k a week; £6M a year). £18.25M total costs
2026-2027 season: £16.25M in amortization + £6M wages = £18.25M total costs
If we do sell him for let's say £20M without having to subsidize his wages, we technically take a "PSR loss" but it VASTLY improves our cost structure. It would look like this:
2025-2026 season: £32.5M total remaining amortization - £20M sale price = £12.5M "PSR loss" amortization on the books. No wages. £12.5M total costs
2026-2027 season: Zero costs
Total benefit: Selling Antony for £20M without subsidizing his wages would give us +£5.75M in PSR room in the 2025-2026 season, and +£18.25M in PSR room in the 2026-2027 season. We should be crying tears of joy if we got a deal like this, and anyone fretting about a "PSR loss" doesn't understand what that really means. It's only a loss compared to never offering him a contract at all. Given we do have a contract with him and the amortization is going to hit our books one way or another, the proceeds from a sale are all upside for us.