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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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League Table

# Team P W D L Pts. GD
1 Sheff Utd 28 17 6 5 57 21
2 Scunthorpe 27 16 7 4 55 27
3 Bolton 26 15 5 6 50 16
4 Fleetwood 27 13 7 7 46 11
5 Bradford 28 11 13 4 46 11
6 Rochdale 27 14 3 10 45 5
7 Southend 27 11 9 7 42 5
8 Peterborough 26 11 8 7 41 9
9 Millwall 27 11 7 9 40 2
10 Bristol Rovers 28 11 6 11 39 -3
11 Wimbledon 27 9 10 8 37 5
12 Oxford 27 10 7 10 37 4
13 Walsall 27 9 10 8 37 -2
14 Charlton 26 8 12 6 36 7
15 Port Vale 26 8 8 10 32 -10
16 MK Dons 26 8 7 11 31 -3
17 Gillingham 27 8 7 12 31 -9
18 Northampton 28 8 6 14 30 -9
19 Swindon 28 7 8 13 29 -14
20 Shrewsbury 28 7 7 14 28 -13
21 Bury 28 7 5 16 26 -12
22 Chesterfield 28 7 5 16 26 -17
23 Oldham 26 4 10 12 22 -15
24 Coventry 27 4 9 14 21 -16
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