Club placed under a transfer embargo - Statement

[the other bob wilson]

The following message has just been sent out to Trust members.



"Cardiff City Transfer Embargo



Trust chair Keith Morgan comments on the announcement that Cardiff City is one of a number of Championship clubs where a transfer embargo has been imposed.

Keith said: “Companies House has allowed a 3-month extension for filing accounts due to the pandemic, so Cardiff City Football Club’s accounts for year ended May 31, 2020, due to be filed at the end of February 2021 now can be filed as late as May 31, 2021.

“However, the English Football League has chosen not to give a similar extension for filing of accounts with them so non-filing has triggered an automatic transfer ban for non-compliance which will be lifted as soon as accounts are filed which will before the next transfer window in any case.

“Separately, of course, if the accounts when filed show losses above the allowed level, the transfer ban may be extended.”

[Freitag 4.17]

The following message has just been sent out to Trust members.



"Cardiff City Transfer Embargo



Trust chair Keith Morgan comments on the announcement that Cardiff City is one of a number of Championship clubs where a transfer embargo has been imposed.

Keith said: “Companies House has allowed a 3-month extension for filing accounts due to the pandemic, so Cardiff City Football Club’s accounts for year ended May 31, 2020, due to be filed at the end of February 2021 now can be filed as late as May 31, 2021.

“However, the English Football League has chosen not to give a similar extension for filing of accounts with them so non-filing has triggered an automatic transfer ban for non-compliance which will be lifted as soon as accounts are filed which will before the next transfer window in any case.

“Separately, of course, if the accounts when filed show losses above the allowed level, the transfer ban may be extended.”

Sounds like they expect the last bit there to happen, why mention it otherwise.