Vlachodimos: Borson suggests real reason Newcastle agreed shock five-year deal

Newcastle United have most likely signed Odysseas Vlachodimos to a five-year contract in order to amortize his transfer price over a

longer length of time.

That is the opinion of finance expert Stefan Borson, who exclusively told Football Insider that there are “red flags” surrounding the

agreement when the Greece international joined the north-east giants from Nottingham Forest earlier this summer.

Newcastle are said to have paid £20 million to sign the 30-year-old goalkeeper just hours before the 2023/24 accounting deadline on

Last season, both Premier League teams came near to the profit and sustainability (PSR) limit, and a breach would most certainly result in

a points deduction.

According to The Athletic, Newcastle are expected to offer Vlachodimos a five-year contract upon his arrival at St James’ Park on

September 13. Borson stated that the Premier League could probe the trade because of the huge amount involved. “It’s an odd deal,”

Borson told Football Insider.

“I don’t think it’s impossible that the Premier League will look at that agreement in depth since there are a lot of red flags.

“You only have to read the Athletic article to see the red flags.

“I assume the five-year deal is purely so they can amortise his fee of £20million over the full five years, so it’s £4million a year and,

therefore, it’s not a massive amount of money.”You would want to complete that deal over three years, but this would boost the

amortization to roughly £7 million. “You can see why maybe they don’t want to do that.”

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