Leeds United, Blackburn and Nottingham Forest have been handed transfer bans for the upcoming January window after breaching the Football league’s financial fair play (FFP) rules.
The League announced that the clubs had incurred financial losses in excess of the £8 million permitted during last season.
A statement from the Football League reads: “An initial analysis of FFP submissions from the current 24 Championship clubs has indicated that three clubs – Blackburn Rovers, Leeds United and Nottingham Forest – have failed to meet the fair play requirement under the division’s FFP rules.”
“Consequently, all three will be subject to an ‘FFP embargo’ under Football League regulations from January 1, 2015 for the remainder of the current campaign.”
Under the transfer embargoes, the three clubs will be prohibited from signing any new players – either on a permanent basis or loan deal – unless they have 24 or fewer ‘established players’, which is described as 24 players aged 21 or over that have made at least five starts for the club.
The clubs will have their embargoes lifted at the end of the season if they can demonstrate they have stayed within the maximum permitted losses of £6 million – £3 million losses plus £3 million covered by shareholder investment – for the current season.
Newly promoted Premier League sides Queen Park Rangers, Leicester City and Burnley will now have their finances evaluated by the Football League in order to see that they adhered to FFP rules.
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Iancransonsknees
December 16, 2014 at 2:00 pm
http://www.football-league.co.uk/news/article/2014/win-250000-thanks-to-the-sky-bet-transfer-fund-2145910.aspx
Forest have just been handed £250000 to spend in the transfer market too!
Smokey Bacon
December 15, 2014 at 6:41 pm
Should be some good buying opportunities for the Lions in the window. If only we were not skint!
jtm371
December 15, 2014 at 6:52 pm
Forest never put the story on the official website what a freaking joke.
jtm371
December 15, 2014 at 11:52 am
🙁 The Kuwaiti AC man will drive the last nail in the coffin of Forest. Just another dark period for the once proud Nottingham Forest Football Club. The current owner is a joke and is dragging Forest into the sewer. As always Go Forest.
GallipoliVC
December 15, 2014 at 12:55 pm
It appears Nottingham is yet another victim of globalization. And we thought it was dead ten years ago. Hopefully things will look up for you guys soon!