Transfer Embargo Galore 😱

"Championship clubs Fulham, Nottingham Forest and Bolton have all been placed under a transfer embargo for the rest of the season after breaking Financial Fair Play rules during the 2014-15 campaign, the Football League has announced.

Fulham and Nottingham Forest were sanctioned after exceeding an adjusted loss of £6m – the maximum rules allow – while Bolton were punished after being unable to submit their FFP return owing to their current off-field situation, which has seen them served with a winding-up petition by HMRC over an unpaid tax bill. The punishment means that all three clubs will be unable to sign players in next month’s transfer window.

Last season’s Championship winners, Bournemouth, also posted losses of more than £6m and will face a fine, the amount of which is yet to be revealed. Millwall, who were relegated to League One last term, also went over the maximum deviation of losses, but will not be punished.

“Champions AFC Bournemouth will face a financial sanction to be finalised in due course, while Fulham and Nottingham Forest will be subject to an ‘FFP Embargo’ for the remainder of the current campaign. Both clubs will have the opportunity to have their FFP embargo lifted at the end of the season by demonstrating that they have stayed within the maximum permitted deviation of £13m (£5m loss plus £8m shareholder investment) for the 2015/16 season.

“A further club, Millwall, also exceeded the maximum permitted deviation but will not face any further sanction, in line with Championship FFP regulations, following the club’s relegation to League One as it was not deemed to have gained any significant advantage."

etc. etc.

😱😏