Transfer Embargo (2 Viewers)

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SuperFred

Well-Known Member
According to the Daily Mail, we are one of 10 championship clubs who have been put under a transfer embargo.

www.dailymail.co.uk

Ten Championship clubs placed under a transfer embargo last month

EXCLUSIVE BY MIKE KEEGAN: Sportsmail can reveal that almost half of the league was subject to a registration ban which has led to claims the integrity of the competition has been undermined.
www.dailymail.co.uk www.dailymail.co.uk
 
chiefdave

chiefdave

Well-Known Member
It mentions administrative rather than financial reasons. Didn't the deadline for filing at Companies House get put back because of covid? Could be there's a EFL rule that has the original date. Bit of a non-issue when the transfer window is closed.
 
Frostie

Frostie

Well-Known Member
What a bizarre article. Besides the headline there's practically no info there.

Says that some (if not all) are for admin reasons rather than anything financial yet apparently is an indicator of "Financial Armageddon"? Fairly certain filing of accounts was allowed to be delayed this year due to Covid so surely not that.

Daily Mail in clickbait shocker?
 
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PVA

Well-Known Member
chiefdave said:
It mentions administrative rather than financial reasons. Didn't the deadline for filing at Companies House get put back because of covid? Could be there's a EFL rule that has the original date. Bit of a non-issue when the transfer window is closed.
Click to expand...

I only briefly skim read it, but does it not suggest that Huddersfield and Stoke are for administrative reasons (therefore insinuating the rest are financial reasons)?
 
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CCFC88

Well-Known Member
Wouldn’t it be linked to FFP, or whatever the EFL version is called. Expenditure as a % of turnover, given our turnover will be shirt sales and sponsorship only its hardly surprising if we have breached some sort of covenant, it sounds like most club in the championship has and we’ve decided to take our medicine in jan as opposed to this coming summer
 
pusbccfc

pusbccfc

Well-Known Member
CCFC88 said:
Wouldn’t it be linked to FFP, or whatever the EFL version is called. Expenditure as a % of turnover, given our turnover will be shirt sales and sponsorship only its hardly surprising if we have breached some sort of covenant, it sounds like most club in the championship has and we’ve decided to take our medicine in jan as opposed to this coming summer
Click to expand...

If it was based on FFP the whole league would be in an embargo because they all spend above their means.
 
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CCFC88

Well-Known Member
pusbccfc said:
If it was based on FFP the whole league would be in an embargo because they all spend above their means.
Click to expand...
Maybe the 10 have held their hands up now to avoid an embargo in the summer knowing they had no business planned for January, the rest waiting for an investigation?
 
Liquid Gold

Liquid Gold

Well-Known Member
CCFC88 said:
Wouldn’t it be linked to FFP, or whatever the EFL version is called. Expenditure as a % of turnover, given our turnover will be shirt sales and sponsorship only its hardly surprising if we have breached some sort of covenant, it sounds like most club in the championship has and we’ve decided to take our medicine in jan as opposed to this coming summer
Click to expand...
Championship FFP is aggregated losses over 3 seasons.
 
better days

better days

Well-Known Member
As a guess I'd say the most likely reason would be late payment of instalments on transfer fees due to other clubs
 
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cov donkey kick

Well-Known Member
Its only tempary on club site till end of year accounts are filed when the EFL will withdraw the order and won't affect the next transfer window.
 
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Lord_Nampil

Well-Known Member
Stoke, Luton and Huddersfield have all down the same according to companies house I’m guessing all teams have done the same! EFL punishing clubs for filling government guidelines is a Joke !
 
mark82

mark82

Super Moderator
EFL in dumb rule shocker. Seems nonsense, the club haven't missed the government deadline which is what the embargo should be for. Not that it'll make any real difference but you'd think the EFL would review the rule now. They've created themselves their own admin headache.
 
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Lord_Nampil

Well-Known Member
Norwich, Swansea, Brentford and Watford all seem to have not submitted their accounts and aren’t on that list.....
 
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SBT

Well-Known Member
The Mail article is typically overblown, and I don’t expect this to be a big deal, but I also don’t see why we should automatically treat this as a total non-issue. Maybe people are happier to take the club at its word the day after we’ve won a big game.
 
Liquid Gold

Liquid Gold

Well-Known Member
SBT said:
The Mail article is typically overblown, and I don’t expect this to be a big deal, but I also don’t see why we should automatically treat this as a total non-issue. Maybe people are happier to take the club at its word the day after we’ve won a big game.
Click to expand...
I wouldn’t care if it was after 10 10-0 defeats. We’ve got later to file our accounts by law and the EFL are playing dickheads with things as usual. Would have been simple enough for them to change their regulations to match companies house.
 
Pricey1984

Pricey1984

Well-Known Member
Surely the fact that this has affected nearly half of the teams in the division shows this is an EFL clanger right?
 
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