Transfer Embargo

[RyCleary]

Apparently had a 5 week transfer embargo in the summer until we sold players due to future PL payments not allowed to be counted - probably because they’re owed to the Australian bank.

[RyCleary]

https://www.bbc.co.uk/sport/football/articles/cq073zrgv8vvo

[AKCJ]

We didn't appear on this website though? https://www.efl.com/governance/embargoes/

 

 

[moore_94]

6 minutes ago, AKCJ said:

We didn't appear on this website though? https://www.efl.com/governance/embargoes/

 

 

More of a can’t spend anymore until you sell rather than overspending issue which is what would get you on that list

[Spudulike]

"Leicester missed out on targets who were not willing to wait but Chaplin, McCarthy and Wes Burns were just three who were prepared to hold on to join Martin".

 

Is that code for 'no other offer's' ?

[AKCJ]

14 minutes ago, RyCleary said:

https://www.bbc.co.uk/sport/football/articles/cq073zrgv8vvo

This article is a bit of a joke, isn't it.

 

Beat the worst team in the league and struggled to get past Doncaster at home. Yes back to back wins is an improvement but we're 10th in League 1 with a GD of +1 after 10 games.

[AKCJ]

Just now, Spudulike said:

"Leicester missed out on targets who were not willing to wait but Chaplin, McCarthy and Wes Burns were just three who were prepared to hold on to join Martin".

 

Is that code for 'no other offer's' ?

I think it's code for "20k a week in League 1 or 10k a week to sit on the bench in the Championship".

[sylofox]

2 minutes ago, Spudulike said:

"Leicester missed out on targets who were not willing to wait but Chaplin, McCarthy and Wes Burns were just three who were prepared to hold on to join Martin".

 

Is that code for 'no other offer's' ?

Or we are still paying over the odds.

[st albans fox]

keeping that information quiet within the game must have been difficult 

[VLC86]

4 minutes ago, sylofox said:

Or we are still paying over the odds.

That’s not even a question at this point.

[Les-TA-Jon]

15 minutes ago, VLC86 said:

That’s not even a question at this point.

He's a good player but a dread to think the total outlay on Riis - 4 year deal and convinced to step down a league...

[South Shire Fox]

33 minutes ago, Spudulike said:

"Leicester missed out on targets who were not willing to wait but Chaplin, McCarthy and Wes Burns were just three who were prepared to hold on to join Martin".

 

Is that code for 'no other offer's' ?

Offered the highest wages

[VLC86]

Was the club shocked by the embargo and is this why Top paid that money in in the summer?

[ClaphamFox]

59 minutes ago, RyCleary said:

Apparently had a 5 week transfer embargo in the summer until we sold players due to future PL payments not allowed to be counted - probably because they’re owed to the Australian bank.

There were a few reports in the summer that we wouldn't be able to buy before we generated some funds through sales. This just confirms it.

 

I'm actually quite reassured by this—if all our summer spending was approved and closely monitored by the EFL, it's unlikely we'll be breaching any rules this year.

[Sol thewall Bamba]

I can understand why you wouldn't mention this whilst it was in effect. 

 

But a club that is actually trying to be more open and transparent with its supporters (rather than just giving sound bites in response to supporter group statements), could have come out after the window closed and said "this was the situation, we had to sell X before we could buy Y, we're not now subject to any more restrictions" etc.

 

But because they aren't actually changing anything because they don't feel they need to, the radio silence continues. Did Anthony Herihly not think this would leak eventually

[jv1]

59 minutes ago, sylofox said:

Or we are still paying over the odds.

The ones that left were on astronomical wages - the ones we have brought in might be on a hybrid of championship/league one wages which will be bigger than anyone else in the league but the current wage bill will be 20% max of what it was at end of last season maybe less - one of the only things I’m giving them any positive on is that and even then it’s there fault the scum bags were on those wages in the first place so not really a proper plus at all -however it actually got done so hey ho - and no matter how crap we do or don’t think Chaplin , burns , Cullen , ohora, lundstrum, smallbone are they won’t be on stupid money compared to Ayew, daka, Mav, faes , winks, skipp - 20% max 

[Zear0]

11 minutes ago, Sol thewall Bamba said:

I can understand why you wouldn't mention this whilst it was in effect. 

 

But a club that is actually trying to be more open and transparent with its supporters (rather than just giving sound bites in response to supporter group statements), could have come out after the window closed and said "this was the situation, we had to sell X before we could buy Y, we're not now subject to any more restrictions" etc.

 

But because they aren't actually changing anything because they don't feel they need to, the radio silence continues. Did Anthony Herihly not think this would leak eventually

Ant operates at a level beyond our mental capabilities. He could explain this situation it to us, but we wouldn’t understand it so why should he bother?

[Muzzy_no7]

Not surprising. Myself and a lot on here thought similar in July.

[RoboFox]

"Is Russell Martin turning Leicester's fortunes around?"

 

Mate, it's been two wins, one against probably the worst league side we've faced in our history and we're sat 10th in ****ing League One. 

 

Let's wait a bit, eh? 

[Skidmark]

I have a feeling this might have been something imposed on the club by the new football regulator...

[urban.spaceman]

For a league that didn't know two of its biggest clubs (literally a third of their Big Six) were cheating for a decade and a half each it's rather astonishing the level of attention, law fare and downright interference they've displayed towards us for an inadvertent 'breach' caused by their own failures. 

[coolhandfox]

It not an embargo. 

 

SCMP is monitored real time and each transfer is assessed against you current position, if it take you over it the limited the deal can't be completed.

 

Hence Faes out Smallbone in.  

 

It based on player wages including against fees vs turnover.

 

Transfer fee paid are not included in the calculation, but transfer fee received are included in the turnover element

 

Debt owed to bank etc is not part of the calculation   

Edited 3 hours ago by coolhandfox

[foxile5]

1 hour ago, RoboFox said:

"Is Russell Martin turning Leicester's fortunes around?"

 

Mate, it's been two wins, one against probably the worst league side we've faced in our history and we're sat 10th in ****ing League One. 

 

Let's wait a bit, eh? 

We've got a thread of our own fans totally willing to ignore the evidence of their eyes and ears.

 

 

[Wasyls Pec Deck]

Perhaps it was a self imposed embargo? As in we decided to limit spending to cut our cloth accordingly for a change.

 

But if it was imposed from authorities it seems very tardy that we didn’t know. But I’m not surprised as our ownership communicates with us so poorly. And don’t get me started on how I suspect certain comms are directed at specific criticisms raised by fans - which I find a bit tragic really. Like putting a clip out there highlighting how defenders were running back to defend 😂 

[ClaphamFox]

15 minutes ago, coolhandfox said:

It not an embargo. 

 

SCMP is monitored real time and each transfer is assessed against you current position, if it take you over it the limited the deal can't be completed.

 

Hence Faes out Smallbone in.  

 

It based on player wages including against fees vs turnover.

 

Transfer fee paid are not included in the calculation, but transfer fee received are included in the turnover element

 

Debt owed to bank etc is not part of the calculation   

Exactly. The BBC report is misleading in that it has described a temporary restriction on spending under SCMP rules as an 'embargo'. If there was a formal embargo, there would have been an announcement. 

Edited 3 hours ago by ClaphamFox