BWFC have a transfer Embargo

The club have just made an official statement advising they were unable to provde FFP for last season and therefore will be unable to sign any players.

Those millions of pounds will just have to burn a hole in Lennon's pocket then

said this on the other thread as well, i wasn't expecting any activity in January unless it was players out first, now even that has gone but you can guarantee if we get any cash offers for any of our players they will be gone. When are things ever going to get better for us?

Thank god. No more shit players.

At last, some good news.

how is this good news Nat?

Norpig wrote:how is this good news Nat?

As Hipsters suggests, Lennon can't bring anymore players to the club.

We were never going to sign anyone anyway. We can still sign players on loan or get more OAP free agents. So it's not going to affect us in the slightest. We haven't bought a player for over 2 years.

Fulham also hit with a transfer embargo - they have been hit with the punishment because they made an adjusted loss greater than the £6m limit allowed by the Football League.

We have had a self inflicted transfer embargo for the last year so no change .

but after reading the FFP article put on by BTID it looks like we couldn't even get any loan players in either. It did seem very complicated and i may be reading it wrong but that's the conclusion i came to

So can someone explain the real impact of this if any? 
If our players can go but we can't take loans or buy players what happens next?

Biggie wrote:So can someone explain the real impact of this if any? 
If our players can go but we can't take loans or buy players what happens next?

 The slide to league will continue but may be quicker than first thought 

Biggie wrote:So can someone explain the real impact of this if any? 
If our players can go but we can't take loans or buy players what happens next?

 The slide to league will continue but may be quicker than first thought 

Biggie wrote:So can someone explain the real impact of this if any? 
If our players can go but we can't take loans or buy players what happens next?

 The slide to league will continue but may be quicker than first thought 

I know sometimes you're proud of a post but to post it three times.

And he missed the number 1 out 3 times as well.

bloody works internet 

We can sign free agents and we can sign loan players (although there are certain conditions around loanees signing with permission from the league that I don't fully understand. I believe it has to do with who pays their wages, the parent club or the loaned to club). We can sell anyone or release anyone in order to balance the books. The main impact will be on the selling side, clubs will know we MUST sell now and as a result are unlikely to pay us what players are actually worth. Under 23's will most likely have their fee set by tribunal rather than by us should we seek to sell any and the tribunal rarely matches what is perceived as 'market value' so basically we're going to see a fire sale in January even worse than the one we were expecting. I predict exits for Clough, Vela, Walker and Mavies at least.

we can only sign loanees with the leagues permission and that requires the club to demonstrate how it would pay for them, and they will be classed as emergency loans. EG if we have no fit goalies and cant field a team and someone else is paying for them, we can sign someone. Quite rightly, the league expects a club to pay its current commitments without taking any more on. Ref the signing off of the accounts, the accounts both have to be signed retrospectively as per normal audit rules, AND a commitment made that there is every reasonable expectation there is sufficient money to complete the season. If, for example, there was a large debt coming payable in the time, and no contingency for funding it, despite being a limited company, the directors could find themselves personally liable under footballs specific trading whilst insolvent rules.

Chairmanda wrote:If, for example, there was a large debt coming payable in the time, and no contingency for funding it, despite being a limited company, the directors could find themselves personally liable under footballs specific trading whilst insolvent rules.

Now that's interesting as the absence of limits of personal liability contextualises Board behaviour and in particular EDs dilemma.