Sheffield Wednesday have released a statement following the news they have been placed under a transfer embargo by the EFL.
The news became clear on Thursday evening when it was published on the EFL reporting service website. The embargo has been put in place after a failure to satisfy a HMRC payment deadline in time, a year on from their last embargo episode over a similar infringement. Wednesday since confirmed the news to The Star and were invited to comment.
The Star is told that players and staff have been paid on time today and therefore the club are not under the threat of any sanction on that front. News of an embargo is not of any immediate material issue to Wednesday as they are outside a transfer window. Free agents can be signed to clubs outside of windows, though Owls boss Danny Röhl told reporters this week he was not in the market for signings of that nature.
As of Thursday evening, Wednesday were one of two clubs operating under the terms of an embargo along with League One Reading, who have been reprimanded for their breaching of ‘Regulation 16.7.4 Submission of Annual Accounts’.
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