Coventry City, Luton embargoed on transfers for late filing of club accounts | Football News

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Coventry City and Luton Town have been put on transfer embargo for not depositing their club accounts on time.

In both cases, the clubs complied with an extension granted by Companies House for the filing of annual accounts, but this extension had not been made by the EFL in its own rules.

Coventry and Luton have both issued statements expressing confidence that the embargo will be lifted and will have no impact on transfer activities during the summer period.

In a statement, Coventry City said: “The government, due to the coronavirus crisis, has allowed businesses to extend the deadline for filing business accounts by three months and Coventry City has chosen to take that option.

“Unfortunately, the EFL has decided not to reproduce this extension in its own rules, which surprises us as it has changed a number of other rules due to the coronavirus pandemic.

“This is a purely administrative embargo imposed by the EFL. This has no effect on the day-to-day running of the Club or its finances, and will have no effect on the transfer activity expected in the next transfer window. “





2:00

Highlights of Coventry’s 3-1 home win over Bristol City in the Sky Bet Championship on Monday

The club have said they will file their accounts as required by Companies House within three months of the end of February, when the EFL transfer embargo will be lifted.

Coventry City chief executive Dave Boddy said: “It is disappointing that the EFL has chosen to do this.

“The government has allowed companies to extend the deadline for filing accounts and we have chosen to do so, from late February to late May.

“It is ridiculous that the EFL’s regulations on this matter do not replicate this approach the government took, especially when they changed other rules of theirs during the pandemic.

“The EFL’s imposition of this has no effect on us, but it is nonetheless disappointing that they have taken this approach to take action against clubs that are simply doing what the government allows us to do. “





2:02

Highlights of Luton’s 2-1 home loss to Barnsley on Monday

A statement from Luton Town said: “The Club’s 2019/20 accounts, although finalized, have yet to be signed by our auditors, which will be done well in advance of the legal deadline.

“Given the exceptionally difficult operating environment caused by the pandemic, the requirement to continue playing ‘behind closed doors’, the financial forecast has rightly been scrutinized much more thoroughly and Companies House has extended the deadline for legal deposit until June to allow enough time to complete this extra work accurately. Indeed, the club will publish unqualified accounts before the end of April.

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