The lay of the land with Sheffield Wednesday’s transfer embargo situation
Sheffield Wednesday are still thought to be under a transfer embargo, but it could well be lifted at short notice.
The Owls were one of a number of clubs that took a government option that allowed a delay of three months when it came to filing their 2019/20 account, a decision that reportedly led to the embargo – a decision that Coventry City’s Chief Executive, Dave Boddy, called ‘ridiculous’.
According to reports, the likes of Birmingham City, Blackburn Rovers, Cardiff City, Derby County, Huddersfield Town, Luton Town, Reading and Stoke City were also affected.
The Star understands that the ban is still in operation at Hillsborough, and was placed on Wednesday because of the late status of their 2019/20 accounts, but that it will be lifted as soon as those accounts are filed.
While the situation isn’t ideal, it’s always been thought that the club were confident of getting the embargo lifted in time for when they need to start registering players – and it’s still a few weeks until the window officially opens up on June 9th.
The terms of the embargo – whether they’re able to sign, but not register players, and if loans/free transfers are also prohibited – is not clear at this point in time, but Wednesday management will be more focused on sorting out the accounts required to get it lifted.
Wednesday thought to be confident that the administrative embargo won’t affect their plans to bolster the side on the back of several exits, and are working hard behind the scenes to get the matter rectified as soon as possible.