Football finance expert and university lecturer Kieran Maguire has been discussing the details of Charlton Athletic’s transfer embargo.
This comes after Maguire recently made an appearance on The Price of Football Podcast where he spoke about a range of current football news topics.
After Addicks manager Lee Bowyer recently shared his thoughts on the embargo, Maguire shed some light on the situation.
He said: “It looks as if Charlton are under what we refer to as a soft embargo, which is effectively one player in on the basis of one player going out and under some of the EFL rules that there appears to be a maximum amount that Charlton can pay.
“Now clearly, they’re going into League One where there is a wage cap anyway.
“If the South London Press is correct in respect of this, it looks like Charlton are being limited to £1300 a week in League [One] which is substantially lower than you’d expect under the League One cap, so Charlton is a bit of a mess at present.”
Back in March, the London club released a statement revealing that they were put on the transfer embargo back in January due to Tahnoon Nimer’s failure to provide the relevant information required by the EFL with regards to the takeover of the club from East Street Investments back in January.
As Maguire explained in the podcast, it appears that any potential incoming transfers the London club makes this summer will depend on which of their current players they will be able to sell beforehand.
Are you confident Charlton will have a good summer transfer window?
With this embargo in place, it will be interesting to see if the club decides to get rid of any of their current players to make way for any potential new faces Bowyer’s side could bring in this summer.
With Charlton having been relegated from the Championship to League One at the end of the 2019/20 season, they will need to alter their squad how they see fit to be able to adapt to playing in League One for the upcoming season.