Leeds, Nottingham Forest, Blackburn get transfer bans

2014-12-15 14:00

London – Leeds United, Nottingham Forest and Blackburn Rovers have been placed under a transfer embargo after breaking Financial Fair Play regulations, the Football League said today.

All three previous English champions, now playing in the second tier Championship, exceeded losses of £8 million pounds (about R145 million) during the 2013-2014 playing season and have been placed under a transfer embargo from January 1 2015 until the end of the current campaign.

Under the terms of the embargo the three clubs will be unable to sign new players on a permanent or loan basis unless they have 24 or fewer established players.

If they do so then the clubs can only sign a player if the cost per year is less than £600 000.

“Blackburn, Leeds and Forest all exceeded the maximum permitted deviation of £8 million – consisting of a maximum adjusted operating loss of £3 million plus a further maximum of £5 million of shareholder investment – during the 2013-2014 playing season,” the Football League said.

“Each club will have the opportunity to have its embargo lifted at the end of the season by demonstrating that it has stayed within the maximum permitted deviation of £6 million for the 2014-2015 season.”

The League also confirmed that Queens Park Rangers, Leicester City and Burnley, who were promoted to the Premier League last season, will be investigated for similar offences.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.