CLUB STATEMENT, 15th JANUARY 2016
Club News
15th January
Cardiff City Football Club can confirm that it has been made subject to an FFP embargo during the January 2016 transfer window.
Whilst extremely disappointed that the Football League has decided to take this action, we will remain co-operative and compliant with the League’s position in respect of Financial Fair Play.
Having fully disclosed all matters in respect of our FFP position for 2014/15 and having taken independent expert advice, it is our firmly-held view that Cardiff City Football Club has indeed complied with the FFP requirements for season 2014/15 - contrary to the League’s position.
As such, further advice will be sought, prior to a decision being made internally as to whether or not an appeal will be lodged.
The embargo, now in place (albeit subject to possible appeal), will stay in effect for the remainder of the January 2016 transfer window. Cardiff City Football Club again expects to trade within the set FFP limits for 2015/16 and therefore anticipates full participation in the summer 2016 transfer window.
Whilst extremely disappointed that the Football League has decided to take this action, we will remain co-operative and compliant with the League’s position in respect of Financial Fair Play.
Having fully disclosed all matters in respect of our FFP position for 2014/15 and having taken independent expert advice, it is our firmly-held view that Cardiff City Football Club has indeed complied with the FFP requirements for season 2014/15 - contrary to the League’s position.
As such, further advice will be sought, prior to a decision being made internally as to whether or not an appeal will be lodged.
The embargo, now in place (albeit subject to possible appeal), will stay in effect for the remainder of the January 2016 transfer window. Cardiff City Football Club again expects to trade within the set FFP limits for 2015/16 and therefore anticipates full participation in the summer 2016 transfer window.
