City Confirm Transfer Embargo

Coventry City have confirmed they are under a Football League transfer embargo.

The Sky Blues have been struggling to pay their bills and have of late only been paying creditors who have threatened legal action.

The CT this morning has carried the following statement: "There is a transfer embargo in place at the moment but Coventry City is not alone in that situation in football.

"Sisu have been committed to the funding of the club for nearly
three-and-a-half years and there is no suggestion that this will not
continue in the future."

It appears that under a new rule, brought in for the start of this season, clubs who fail to lodge their accounts with the League at the same time they are required by Companies House, are put under a transfer embargo.

And Companies House records reveal that Sky Blue Sports and Leisure Limited. - the club's holding company - and Coventry City Football Club Limited's accounts are both overdue, having been due almost a month ago on February 28.