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Swindon Town Hit With Transfer Embargo

Swindon Town Hit With Transfer Embargo

Swindon Town manager Paolo Di Canio told the press after the game that the club is currently under a transfer embargo.

Financial Fair Play rules state League One clubs must limit their wage and fee bill to 65% of their turnover.

The club were under this amount until a tribunal ruled the club must pay a combined £340,000 to Shrewsbury Town and Exeter City for the services of James Collins and Troy Archibald-Henville.

Swindon thought half the amount was due right away and the other half was due at the end of next season.

Di Canio told the press the embargo could hinder his plans to give the club back to back promotions, Paolo told the press, 'I worry that the plan I had 16 months ago has changed. If we want the team to go up we have to cancel the embargo.'

Meanwhile Town chairman Jeremy Wray has said that it is nothing for the fans to worry about, 'I don't think it's a situation where fans need to be panicked', Wray said.

Wray explained the situation to BBC Wiltshire follwing Town's 1-0 away win, 'If they had been straight-forward transfers then half of it would have been payable this year and the other half would have been payable in 12-months' time.

'As a result of the tribunal the whole amount is due now, so it's reflected in our wage cap and it takes us around 1.5% over the threshold.'

Town are set to clear the balance shortly it is understood so the club can continue their assault on League One.

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Writer:Shaun Calderwood
Date:Saturday October 6 2012
Time: 7:34PM

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# Team P W D L Pts. GD
1 Sheff Utd 39 23 10 6 79 30
2 Bolton 39 22 9 8 75 28
3 Fleetwood 39 19 12 8 69 19
4 Scunthorpe 40 19 10 11 67 21
5 Bradford 40 16 18 6 66 15
6 Southend 39 17 12 10 63 13
7 Millwall 38 16 12 10 60 8
8 Rochdale 38 16 9 13 57 6
9 Bristol Rovers 40 15 12 13 57 -1
10 Oxford 39 16 8 15 56 5
11 Peterborough 40 15 10 15 55 1
12 Walsall 39 13 14 12 53 -2
13 Wimbledon 39 12 15 12 51 1
14 Northampton 40 14 8 18 50 -6
15 MK Dons 39 12 12 15 48 -1
16 Charlton 39 10 17 12 47 3
17 Bury 40 12 10 18 46 -7
18 Oldham 40 10 15 15 45 -12
19 Gillingham 40 11 12 17 45 -17
20 Shrewsbury 39 11 10 18 43 -14
21 Port Vale 38 10 12 16 42 -17
22 Swindon 40 10 9 21 39 -18
23 Chesterfield 40 8 9 23 33 -28
24 Coventry 40 7 11 22 32 -27
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