Berkshire news Reading one of 10 Championship clubs reportedly placed under transfer embargo PremierLeague-News.Com
PremierLeague-News.Com - Reading, along with Birmingham City, Blackburn Rovers, Cardiff City, Coventry City, Derby County, Huddersfield Town, Luton Town, Sheffield Wednesday and Stoke City are all affected, according to MailOnline
PremierLeague-News.Com - Breaking Sport Transfer News ! Reading are reportedly one of 10 Championship clubs to have been placed under a transfer embargo last month. A report in MailOnline namechecks Royals as one of the sides affected by the embargo, which is put in place by the EFL and prevents a club from spending money on new players. Birmingham City, Blackburn Rovers, Cardiff City, Coventry City, Derby County, Huddersfield Town, Luton Town, Sheffield Wednesday and Stoke City were the other clubs impacted by the embargo. Get the latest Reading FC news from BerkshireLive delivered straight to your inbox with our new newsletter However, the report states Huddersfield are now off the list, while Stoke are also expected to be removed from the list. Both clubs are said to have been punished for administrative rather than financial issues. A spokesman for the EFL said: "We do not confirm the clubs which are placed under a registration embargo." One of the clubs on the list, Coventry City, blamed the embargo on submitting their accounts with a three-month delay, in line with government guidelines. Chief executive Dave Boddy said: “It’s disappointing that the EFL have chosen to do this. "The Government has allowed companies to extend the deadline to file accounts and we chose to do this, extending from the end of February to the end of May. "It’s ridiculous that the EFL's regulations on this do not replicate this approach that the Government has taken, especially when they have amended other rules of their during the pandemic. "The EFL’s imposition of this does not have any effect on us, but it is disappointing nonetheless that they have taken this approach to take action against clubs who are simply doing what the Government is allowing us to do." Read More Related Articles Reading FC sweating on fitness of Omar Richards in run up to Watford clash Read More Related Articles Reading FC player ratings vs Derby County - Rafael and Michael Olise stand out in important win Reading have had their transfer spending severely scrutinised by the EFL over the past couple of seasons and the club has been unable to bring in many players.
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. Ayub Masika, Lewis Gibson, Alfa Semedo and Tomas Esteves all came in on loan. The club was under an embargo for several months in 2019 when Jose Gomes was in charge following several years of spending beyond their means. The EFL amended Profit and Sustainability guidelines at the start of the current season to help clubs take into account the effect of coronavirus. A spokesman told BerkshireLive in January: "The P&S regulations were amended in August to address the impact of Covid-19. "Clubs will now report on a four-year period that covers 2017/18-2020/21 instead of three years 2017/18-2019/20. "The financial years 2019/20 and 2020/21 will be assessed together with the total Adjusted Earning Before Tax from both periods averaged into one reporting period." Reading FC have been approached for comment.
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Watford vs Reading FC: Join us on Friday Reading return to Championship action on Friday evening when they travel to Watford in the Championship. Kick-off at Vicarage Road is 7.45pm on April 9. Join us for full coverage of the game throughout the evening with all of the build-up starting in our live blog from 5pm.
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