Media: Sheffield Wednesday placed under soft transfer embargo
19 June 2019
The EFL has placed Sheffield Wednesday under a soft transfer embargo due to filing their accounts too late.
Sheffield are trying to get the ban lifted and are, according to media, confident it will happen soon.
For the second consecutive year, Sheffield Wednesday are late publishing their accounts for the previous financial year.
According to The Star, the club have therefore been put under a soft transfer embargo, which prevents the club from making transfers unless they are approved by the EFL.
The newspaper, however, also writes that The Owls have been in regular dialogue with the EFL and are nearing an end to the ban by posting their accounts.
The Championship club extended their accounting period in February, which gave them a new deadline of 30th April 2019. And as the club still have not filed their accounts, the EFL has reacted.
However, as soon as Wednesday have satisfied the EFL's requirements, they should get the green light to trade again.
This is the second year in a row that the Owls have been placed under an embargo. They were banned from signing players from April to August last year after breaching the Profitability and Sustainability (P&S) rules.