Cardiff City placed under transfer embargo for breaching FFP rules
Friday 15 January 2016 17:21, UK
Cardiff City have been placed under a transfer embargo for the remainder of the transfer window for breaching Financial Fair Play rules.
The Bluebirds are the fourth Sky Bet Championship side to be placed under an embargo, following Bolton, Fulham and Nottingham Forest.
Cardiff, who were relegated from the Premier League at the end of the 2013/14 season, will now be unable to bring in any new players before the window closes on February 1, although the club are considering an appeal as they insist they have complied with FFP requirements.
The embargo will see them lose out on a permanent deal for £1m target Tony Watt, although the Charlton striker's loan move could be extended after their visit to Wolves on Saturday.
A club statement read: "Whilst extremely disappointed that the Football League has decided to take this action, we will remain co-operative and compliant with the League's position in respect of Financial Fair Play.
"Having fully disclosed all matters in respect of our FFP position for 2014/15 and having taken independent expert advice, it is our firmly-held view that Cardiff City Football Club has indeed complied with the FFP requirements for season 2014/15 - contrary to the League's position.
"As such, further advice will be sought, prior to a decision being made internally as to whether or not an appeal will be lodged.
"The embargo, now in place (albeit subject to possible appeal), will stay in effect for the remainder of the January 2016 transfer window. Cardiff City Football Club again expects to trade within the set FFP limits for 2015/16 and therefore anticipates full participation in the summer 2016 transfer window. "