Sheffield news Huddersfield Town's short-lived transfer embargo explained and what happens next PremierLeague-News.Com

PremierLeague-News.Com - Everything you need to know about the registration bans the EFL put on ten clubs last month and what it means for the Terriers as they plan for a busy summer's recruitment

Sheffield news Huddersfield Town's short-lived transfer embargo explained and what happens next PremierLeague-News.Com

PremierLeague-News.Com - Everything you need to know about the registration bans the EFL put on ten clubs last month and what it means for the Terriers as they plan for a busy summer's recruitment

Sheffield news  Huddersfield Town's short-lived transfer embargo explained and what happens next PremierLeague-News.Com
06 April 2021 - 09:30

PremierLeague-News.Com - Breaking Sport Transfer News ! Huddersfield Town fans are understandably concerned after reports that they were one of ten Championship clubs placed under a transfer embargo late last month – but the issue is not as alarming as that might make it sound. The Daily Mail report that Birmingham City, Blackburn Rovers, Cardiff City, Coventry City, Derby County, Huddersfield Town, Luton Town, Reading, Sheffield Wednesday and Stoke City were all hit with the penalty in late March, though the Terriers’ embargo has now been removed. Here’s what you need to know about the punishment, why it’s happened, why it’s affected so many clubs and what it means for Huddersfield Town in the longer term. Video Loading Video Unavailable Click to play Tap to play The video will auto-play soon8Cancel Play now What has happened? As the Daily Mail report, ten Championship clubs were placed under a transfer embargo late last month, which stops clubs from registering new players to their squads. This is a punishment that is often meted out for clubs after serious breaches of financial rules or going into administration, so the association will understandably have set alarm bells ringing with a lot of fans. But in this case it’s nothing to do with the bank balances of the clubs in question. Essentially, HMRC have allowed a three-month extension to the filing of club accounts, but the EFL hasn’t. Town’s accounts are not late in HMRC’s eyes even without the extension, as they have until 30th June 2021 to submit accounts for 2019/20, but the EFL require that box ticked in March. They have imposed the embargo on the clubs who did not meet that deadline. Yorkshire Football App - Town Yorkshire Live has launched a new dedicated football app to bring you the one stop shop for all Huddersfield Town news. Football Yorkshire brings you the latest transfer developments, live match coverage, injury updates and all the daily news from the John Smith's Stadium. You can customise the app to your own preferences and stay across everything you need to know, while joining the debate with Town fans in our comments section.

News source = PremierLeague-News.Com

. We understand the delay in that deal was purely while awaiting a work permit and nothing to do with any embargo. It is not expected that this will affect the Terriers longer-term in any way. It’s worth saying that these kinds of embargoes are usually associated with serious financial breaches but they are applied to clubs surprisingly often for minor breaches too – for instance, being late on paying an instalment of transfer fees. Such matters are usually swiftly resolved and are not necessarily a cause for any deeper alarm. Is this anything to worry about longer term? No, despite the rather alarmist headline that has gone on top of the Mail’s piece. The claims that “financial armageddon is coming” may prove to be accurate in the grander scheme of things but that information is not new – we and plenty of others have warned of it since the pandemic first hit – and the later filing of company accounts is not suggestive of anything other than that club accounts are taking longer to put together. As Luton Town’s statement on the matter says, accounting has been slowed down as accountants and auditors are applying a lot more scrutiny to their financial forecasts this year. It would seem the clubs in question feel it is worth getting that right even if that means a temporary embargo being applied, especially as we are outside a transfer window and the embargoes would be lifted once the accounts are filed per HMRC’s deadline anyway. As the Mail note, Town have already had their embargo lifted. We will get a clearer idea of Town’s financial position when those accounts become available for public reading in the coming days or weeks. Read More Related Articles Huddersfield Town sweating on availability of two players ahead of Norwich City trip Read More Related Articles 'He's a Premier League player' - Carlos Corberan hails Huddersfield Town man Lewis O'Brien

Source = PremierLeague-News.Com

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