The transfer embargo on Birmingham City by the Football League does not come as a total surprise as it was no secret that Blues’ financial results for the last year were delayed until April 30.
Chris Hughton signings of Peter Ramage, Caleb Folan and Cian Hughton was rushed through a day before the embargo came into force on March 1. He also also signed Erik Huseklepp and Andros Townsend last week.
Under the League rules, Championship clubs have to file their accounts with Companies House by March 1, or face a block on all transfers.
Once parent company Birmingham International Holdings publish the accounts who own 96% of the club, the transfer embargo will be lifted, as long as the Football League are satisfied.
The longer-term concern about the viability of BIHL remains and the Hong Kong Stock Exchange have demanded assurances, primarily over Carson Yeung’s November court case for alleged money laundering, before BIHL shares can be traded again.