Birmingham City have been handed a transfer embargo by the Football League.
Birmingham handed ban after failing to submit financial statements
Birmingham City have been handed a transfer embargo by the Football League.
The Blues failed to meet a deadline of 1st March to submit the company's June 2011 financial statements to the League.
Despite the main transfer window being closed, Birmingham would still have been able to sign players on loan to help Chris Hughton's side maintain a push for promotion before this decision.
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club statement read: "Birmingham International Holdings Limited is expected to publish the financial statements by the end of April 2012.
"The delay in filing the financial statements is occasioned due to the delayed audit processes, with both the club and the group holding company having to handle a series of audit issues, together with the financial issues thrown at the club due to the arrest and freezing of the assets of the club's main benefactor and changes to banking arrangements.
"This short period of delay in submission and the resulting transfer embargo, does not affect the business of the football club at this present time.
"Having captured the signatures of several more players in the last couple of weeks, the club is satisfied with the strength and size of the playing squad, which has been sufficiently reinforced to assist with our end of season push."
