Club placed under a transfer embargo - Statement

[the other bob wilson]

Can't post a link, but there's a quote in the article about Armageddon coming.

[The Lone Gunman]

Placed under an embargo when?

[the other bob wilson]

https://www.dailymail.co.uk/sport/fo...rgo-month.html

[Grangenders]

If we need to sell to get out of this embargo, which players would command a fee? Moore, Morrison and maybe smithies? None are likely to attract bids from the premier league so I’m not sure we’d be looking at large sums.

Of course I’m glossing over the £7m we’ll be getting from Norwich for Vaulks

[ninian opinian]

https://www.dailymail.co.uk/sport/fo...rgo-month.html

[The Hooded Claw]

Coventry City’s embargo appears to be because Companies House has given them longer to submit their accounts, but the EFL has not, so hopefully, ours is down to a similar technicality.

[the other bob wilson]

Coventry City’s embargo appears to be because Companies House has given them longer to submit their accounts, but the EFL has not, so hopefully, ours is down to a similar technicality.

Our accounts are normally out by now aren’t they, so you might be on to something there.

[Hilts]

I think its probably the accounts and will.be lifted by the summer.

If not a chance for some of our youngsters.

May not be a bad thing.

Loans and frees possibly a small fee with no parachute payments will be our market anyway.

[City123]

It looks like uts just an administrative issue

Not like the Mail to blow everything out of proportion...

[Stanmore Bluebird]

League 1 has a maximum wage of £2500 per week. Likewise, during these troubled times Championship clubs should be prevented from paying more than (say) £6000 per week. Otherwise, some are likely to go under completely like Bury.

[cardiff55]

I've now seen the article and, whilst worrying, the Coventry explanation seems to have credence. Let's hope it's the same for us. Although most clubs will be sustaining heavy losses this season, so we may be pushed in to that scenario. But the EFL must give some dispensation.

[Michael Morris]

Cardiff City Football Club can confirm that it has been placed under EFL transfer embargo.

The Club can assure supporters that this is part of an administrative process imposed by the EFL. It has no bearing on the day-to-day running of the club, nor its finances or sustainability. It will not affect us trading in the summer 2021 transfer window.

#CityAsOne

[Michael Morris]

This statement must have been pushed out following the article Bob linked to earlier (which I have didn’t see before posting the statement)

[the other bob wilson]

Cardiff City Football Club can confirm that it has been placed under EFL transfer embargo.

The Club can assure supporters that this is part of an administrative process imposed by the EFL. It has no bearing on the day-to-day running of the club, nor its finances or sustainability. It will not affect us trading in the summer 2021 transfer window.

#CityAsOne

I could be a cynic and say “it will not affect us trading in the summer 2021 transfer window” means that we’ll be able to sell players as planned, but I won’t be. Seriously, I think there are going to be so many clubs eager to sell this summer that prices will surely fall and players will be freed who would normally get a new contract - there’ll be bargains to be had by teams with well run recruitment departments.

[The Hooded Claw]

I could be a cynic and say “it will not affect us trading in the summer 2021 transfer window” means that we’ll be able to sell players as planned, but I won’t be. Seriously, I think there are going to be so many clubs eager to sell this summer that prices will surely fall and players will be freed who would normally get a new contract - there’ll be bargains to be had by teams with well run recruitment departments.

Agreed. We also need to be realistic about the value of players such as Moore and Smithies.

[Enoch Mort]

Agreed. We also need to be realistic about the value of players such as Moore and Smithies.

There is also the possibility that getting what may become unsustainable wages off the books rather than gaining a realistic transfer fee is more important. Alex Smithies contract is up in 2022. If his reported £30k per week is true then perhaps we’d rather give him away rather than pay him another £1.5m in wages. Of course, in the current climate no-one may be prepared to take him off our hands at that wage which may mean we will have to keep paying him. If socially distanced reduced crowds are the norm next season with a CCS maximum of approx 13,000 at 1 metre according to Mehmet Dalman then players salary expectations will need to be more realistic when their current contract ends.

[WJ99mobile]

I could be a cynic and say “it will not affect us trading in the summer 2021 transfer window” means that we’ll be able to sell players as planned, but I won’t be. Seriously, I think there are going to be so many clubs eager to sell this summer that prices will surely fall and players will be freed who would normally get a new contract - there’ll be bargains to be had by teams with well run recruitment departments.

If this is the beginning of the end of high wages then personally I will welcome it

[Whisperer]

EFL is a fecking joke of an organisation and needs to take a long hard look at themselves.

[dml1954]

This is nothing more than a sensationalised story with provocative headlines designed to cause alarm. The embargo is an automatic EFL trigger when a clubs accounts are not filed ‘on time. The fact that the EFL have applied it in these circumstances to a number of clubs at the same time, shows what a Mickey Mouse organisation they really are.

[A Quiet Monkfish]

There is also the possibility that getting what may become unsustainable wages off the books rather than gaining a realistic transfer fee is more important. Alex Smithies contract is up in 2022. If his reported £30k per week is true then perhaps we’d rather give him away rather than pay him another £1.5m in wages. Of course, in the current climate no-one may be prepared to take him off our hands at that wage which may mean we will have to keep paying him. If socially distanced reduced crowds are the norm next season with a CCS maximum of approx 13,000 at 1 metre according to Mehmet Dalman then players salary expectations will need to be more realistic when their current contract ends.

Which would suggest that the likes of Swansea with a capacity of 20,000, may well only be allowed something like 7 or 8000. Even if the best-case scenario happens, ie crowds allowed back in full capacities, then I can see at least 20-30% being reluctant to return. Once the football habit is broken it takes a long, long time to return.