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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
C Sheff Utd 45 29 10 6 97 44
2 Bolton 45 24 11 10 83 29
3 Fleetwood 45 23 12 10 81 21
4 Scunthorpe 45 23 10 12 79 24
5 Bradford 45 20 18 7 78 19
6 Millwall 45 19 13 13 70 8
7 Southend 45 19 12 14 69 16
8 Rochdale 45 19 11 15 68 9
9 Oxford 45 19 9 17 66 11
10 Bristol Rovers 45 18 12 15 66 -1
11 Peterborough 45 17 11 17 62 3
12 MK Dons 45 15 13 17 58 -1
13 Walsall 45 14 16 15 58 -4
14 Charlton 45 13 18 14 57 4
15 Wimbledon 45 13 17 15 56 -3
16 Northampton 45 14 10 21 52 -13
17 Oldham 45 12 16 17 52 -13
18 Shrewsbury 45 13 12 20 51 -15
19 Bury 45 13 11 21 50 -11
20 Gillingham 45 12 13 20 49 -20
21 Port Vale 45 12 12 21 48 -25
R Swindon 45 11 11 23 44 -19
R Coventry 45 9 12 24 39 -29
R Chesterfield 45 9 10 26 37 -34
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