Coventry City placed under transfer embargo for failing to submit accounts to Companies House; Club says embargo is ‘purely administrative’ and will be removed when accounts are filed; Coventry currently 20th in Championship with seven games remaining.
The Sky Blues are currently 20th in the Championship with seven games left to play this season and are confident the embargo will be removed and have no impact on transfer activity in the summer window.
In a statement, the club said: “The Government, due to the Coronavirus crisis, allowed companies to extend the deadline to file company accounts by three months and Coventry City chose to take up this option.
“Unfortunately the EFL has decided not to replicate this extension within their own rules, which surprises us as they have amended a number of other rules due to the Coronavirus pandemic.
“This is purely an administrative embargo imposed by the EFL. This has no effect on the day-to-day running of the Club or its finances, and will have no effect on planned transfer activity in the upcoming transfer window.”
The club say they will be filing their accounts as required by Companies House within three months of the end of February, at which point the transfer embargo from the EFL will be removed.
Coventry City 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.”