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Thread: Club placed under a transfer embargo - Statement

  1. #1

    Ten Championship clubs, including us, were placed under a transfer embargo according to the Daily Mail.

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

  2. #2

    Re: Ten Championship clubs, including us, were placed under a transfer embargo according to the Daily Mail.

    Placed under an embargo when?

  3. #3

    Re: Ten Championship clubs, including us, were placed under a transfer embargo according to the Daily Mail.


  4. #4

    Re: Ten Championship clubs, including us, were placed under a transfer embargo according to the Daily Mail.

    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 Im not sure wed be looking at large sums.

    Of course Im glossing over the 7m well be getting from Norwich for Vaulks

  5. #5

  6. #6

    Re: Ten Championship clubs, including us, were placed under a transfer embargo according to the Daily Mail.

    Coventry Citys 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.

  7. #7

    Re: Ten Championship clubs, including us, were placed under a transfer embargo according to the Daily Mail.

    Quote Originally Posted by The Hooded Claw View Post
    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.

  8. #8

    Re: Ten Championship clubs, including us, were placed under a transfer embargo according to the Daily Mail.

    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.

  9. #9

    Re: Ten Championship clubs, including us, were placed under a transfer embargo according to the Daily Mail.

    It looks like uts just an administrative issue

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

  10. #10

    Re: Ten Championship clubs, including us, were placed under a transfer embargo according to the Daily Mail.

    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.

  11. #11

    Re: Ten Championship clubs, including us, were placed under a transfer embargo according to the Daily Mail.

    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.

  12. #12

    Club placed under a transfer embargo - Statement

    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

  13. #13

    Re: Club placed under a transfer embargo

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

  14. #14

    Re: Club placed under a transfer embargo - Statement

    Quote Originally Posted by Michael Morris View Post
    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.

  15. #15

    Re: Club placed under a transfer embargo - Statement

    Quote Originally Posted by the other bob wilson View Post
    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.

  16. #16

    Re: Club placed under a transfer embargo - Statement

    Quote Originally Posted by The Hooded Claw View Post
    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.

  17. #17

    Re: Club placed under a transfer embargo - Statement

    Quote Originally Posted by the other bob wilson View Post
    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

  18. #18

    Re: Club placed under a transfer embargo - Statement

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

  19. #19

    Re: Club placed under a transfer embargo - Statement

    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.

  20. #20

    Re: Club placed under a transfer embargo - Statement

    Quote Originally Posted by Enoch Mort View Post
    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.

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