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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
P Wigan 45 24 15 6 87 40
2 Burton 45 25 9 11 84 20
3 Millwall 45 23 9 13 78 23
4 Walsall 44 22 12 10 78 15
5 Bradford 45 22 11 12 77 13
6 Barnsley 45 21 8 16 71 13
7 Scunthorpe 45 20 11 14 71 11
8 Gillingham 45 19 12 14 69 16
9 Coventry 45 18 12 15 66 16
10 Sheff Utd 45 18 12 15 66 7
11 Rochdale 45 18 12 15 66 6
12 Port Vale 45 18 11 16 65 3
13 Peterborough 45 18 6 21 60 5
14 Southend 45 16 11 18 59 -5
15 Bury 45 15 12 18 57 -18
16 Swindon 45 15 11 19 56 -10
17 Oldham 45 12 18 15 54 -12
18 Chesterfield 45 15 8 22 53 -10
19 Shrewsbury 45 13 11 21 50 -18
20 Fleetwood 44 11 15 18 48 -4
21 Blackpool 45 12 10 23 46 -19
22 Doncaster 45 11 12 22 45 -16
R Colchester 45 9 13 23 40 -41
R Crewe 45 7 13 25 34 -35
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