Coventry transfer embargo .....

Discussion in 'Bulletin Board' started by Cunning Stunt, Apr 6, 2021.

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  1. Cun

    Cunning Stunt Well-Known Member

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    For submitting accounts late.

    Haven't a few others done the same ?!?
     
    Cunning Stunt, Apr 6, 2021
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  2. Cod Eye

    Cod Eye Well-Known Member

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    Just been reading an article someone sent me that 10 Championship clubs were hit with the embargo last month(Birmingham City, Blackburn Rovers, Cardiff City, Coventry City, Derby County, Huddersfield Town, Luton Town, Reading, Sheffield Wednesday and Stoke City). There is going to be a real shitstorm hitting the league sooner or later...
     
    Cod Eye, Apr 6, 2021
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  3. Tykeored

    Tykeored Well-Known Member

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    Surprised at Stoke City being on the list, unless they’ve run out of ways to cheat FFP
     
    Tykeored, Apr 6, 2021
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  4. Cod Eye

    Cod Eye Well-Known Member

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    It does say that Huddersfield have sorted theirs, and Stoke are expected to follow soon as their bans were "administrative" rather than financial issues, whatever that means.
     
    Cod Eye, Apr 6, 2021
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  5. Cod Eye

    Cod Eye Well-Known Member

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    edit:

    It seems it's because there is a government option to file books three months late due to the pandemic, and the EFL's systems were not in sync with it...
     
    Cod Eye, Apr 6, 2021
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  6. kektyke

    kektyke Well-Known Member

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    This

    But I still think there will be some clubs in big trouble. Derby still not sold, Wednesday with their (Massive) debts, Stoke now parachute payments have ended.

    The list is endless, you could add Brentford and Bournemouth as well
     
    kektyke, Apr 6, 2021
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  7. Cod Eye

    Cod Eye Well-Known Member

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    The likes of Derby and Wednesday are in big trouble, as it stands. The article in question has an "anonymous official" from an unaffected Championship club say that it seems like some of the clubs have attempted to get the penalty early, so it's up before the transfer window starts, and that a "financial armageddon" is coming.

    Can't see Wednesday being able to add to the squad next season anyway, embargo or not. Derby the same. Bournemouth probably have another season or so before the loss of Premier League money hits them, unless they go up).
     
    Cod Eye, Apr 6, 2021
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  8. Cun

    Cunning Stunt Well-Known Member

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    Yes just read the articles on it. 10 clubs named. I find it rather strange that nearly half the division could fall foul at the same time. We''ll see.
     
    Cunning Stunt, Apr 6, 2021
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  9. kektyke

    kektyke Well-Known Member

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    Don't Wednesday have something like 12 players out of contract this summer? Wage bill will be reduced and can see a load of freebies being signed.

    I think this season was **** or bust for a number of teams, luckily the way we are run would never put us in that position
     
    kektyke, Apr 6, 2021
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  10. Cod Eye

    Cod Eye Well-Known Member

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    Would an embargo have something built in to allow them to sign free transfers if they are still under one? Seem to remember Bolton being able to bring
    players in under specific circumstances.

    Let's be honest, though. Never been a better time to be a club run more or less within its means. Clubs are not expecting many players to be snapped up by the Premier League(they have a £2bn loss of income this season by all accounts), so overspenders will struggle to recoup their losses, which should lead to embargoes and points penalties(and inability to rape smaller clubs of their best players for lower than market value).
     
    Cod Eye, Apr 6, 2021
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  11. ley

    leythtyke Well-Known Member

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    Have we submitted ours?
     
    leythtyke, Apr 6, 2021
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  12. thetykester

    thetykester Well-Known Member

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    I think you'll find they're in massive trouble, you can't use the word big when you're referring to Wednesday. Let this be a lesson, learn form it & move on.
     
    thetykester, Apr 6, 2021
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  13. Cod Eye

    Cod Eye Well-Known Member

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    I'm truly ashamed and humbled. Please accept my massive apologies...
     
    Cod Eye, Apr 6, 2021
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  14. Cun

    Cunning Stunt Well-Known Member

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    Luton just confirmed aswell they've just announced
     
    Cunning Stunt, Apr 6, 2021
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  15. Harry Hough

    Harry Hough Well-Known Member

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    Coventry seem to thin it's just an administrative issue so they'll be able to carry on spending hand over fist without any problem!
     
    Harry Hough, Apr 6, 2021
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  16. 55&counting

    55&counting Well-Known Member

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    Let's hope that we're not part of that sh1tstorm.
     
    55&counting, Apr 6, 2021
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  17. Cod Eye

    Cod Eye Well-Known Member

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    I completely agree...
     
    Cod Eye, Apr 6, 2021
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  18. She

    Shepley Red Well-Known Member

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    Shepley Red, Apr 6, 2021
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  19. Nardiello

    Nardiello Well-Known Member

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    Reckon that anonymous official is Dane?
     
    Nardiello, Apr 6, 2021
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  20. Brush

    Brush Well-Known Member

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    At least it means that there's less chance of certain clubs nicking all our best players for peanuts in the summer (assuming we don't get promoted).
     
    Brush, Apr 6, 2021
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