The EFL has had a busy time this summer dealing with the financial difficulties of both Aston Villa and Birmingham City during pre-season. The cash woes of both the Second City clubs are well documented, but it seems from statements today that only one of the clubs will actually be able to buy players in what remains of the summer transfer window.
In the case of Villa, it’s good news. While it has become common knowledge yesterday that Villa had been placed under a transfer embargo due to the EFL’s increasing concern over their financial position, with the new majority owners coming in, the league now considers Villa to be heading in the right direction.
The EFL statement read:
‘The EFL has completed its review of the change of control application made by Aston Villa Football Club.
The Club and its shareholders are required to comply with a number of financial reporting requirements moving forwards.
The EFL can further confirm that the Club is not subject to a registration embargo.’
Small Heath Blues
Meanwhile over in Small Heath, Gary Monk’s hands are seemingly still tied, as the Blues issued a statement today to express their frustration about the continuation of their own transfer embargo.
While talks between the club and league are ongoing in terms of Profitability and Sustainability regulations, the Blues’ statement on their official website read as follows:
‘The Club has spent several months working diligently to satisfy the EFL.
Unfortunately and disappointingly the EFL are currently refusing to allow us to make additions which would enable us to strengthen the Manager’s squad.
We are hopeful that a satisfactory agreement can be reached with the EFL as soon as possible to help ensure our continued competitiveness in the Championship.
We fully understand supporters’ frustrations over this issue in the wake of recent speculation and rumour. We share those frustrations.
The Club asks supporters to maintain the fabulous and passionate backing they have given to Garry Monk and the team since the Manager’s appointment – it is hugely appreciated and when we have that togetherness and strength in numbers it can make a big difference.
The Board of Directors are ambitious and are committed to improvement and bringing success to the Club, in all aspects on and off the field.
And supporters can rest assured that we are doing everything in our power to address this current situation.
The Club will make no further comment.
We thank you for your understanding.’