Transfer Rumours Summer Transfer Thread 21/22

Surely the embargo rules are different. We shouldn't be given the same punishment as Derby or Reading for their multitude of offences.

Scunny also signed a lad on a 2 year deal yesterday. It would make sense if we can sign frees/loans but not pay a transfer fee.

 

Pay the EFL what they’re owed, end of story.

 

Do we owe them anything?

 

Is it an embargo in the sense we all know it, or is it a limit on squad size and playing budget, that's how the scunny chairman is describing it

 

Maybe the club are relying on all the returnees to buy season passes and save the club?

 

Doesn’t sound to me that it’s anything to do with repaying it or not
If you go by what Scunny have said it sounded like a condition of accepting the loan was that you would also get a transfer embargo thrown in as part of the deal?

 

That's were the confusion is if they said 24 hours Allam would have understood it.

 

As I have read it..we are allowed to add to the squad to make it max 23 players..we are not allowed to pay a fee. No loans over six months long and the loanees wages have to be no more than parent club. I've seen no limit to length of contract to any permanent signings.
I AM NO EXPERT....I know right..shocker

 

How have we managed to sign the unattached players we have on terms longer than allowed according to the embargo? Was it because they were signed before the embargo came into force? No wonder we made signings earlier than usual.

 

Fair enough. I didn’t know that
Stupidity or a conscious decision to have sn embargo then

 

Maybe we didnt like the interest rates the EFL were charging....!!!!

 

It seems very unlikely that any club, even ours, would voluntarily place an embargo on itself.

 

Ehab must have known the embargo was coming and made the conscious decision to get the signings done early. I wonder if the plan is to wait for money from Sky or West Ham transfer monies to come through to pay off the loan.

 

I'd love to buy a season pass and pay in full up front for it. Hey ho.

 

Hull City club statement

https://www.hullcitytigers.com/news/2021/july/club-statement/

 

Club statement why loan was necessary... https://www.hullcitytigers.com/news/2021/july/club-statement/

 

Interesting final paragraph from the club statement

Though we are in a position where we don’t need to sell players, if we receive bids that we think offer fair value, player sales would allow us to settle the loan and remove transfer restrictions. The financial position of the Club is under constant review and we welcome the recent news that crowds look to be returning next month to bring in much needed match day revenue, again something which may lead to us being able to repay the loan quicker than originally anticipated.

 

So get the memberships on sale and let’s hope the moaners on here will be buying them! Doubt it like

 

So…
Not really an embargo at all then?

Club Statement in full


It is no secret that the effects of the Covid-19 pandemic have wreaked havoc across football, and unfortunately the impact upon Hull City as a business has been significant.

To mitigate the financial pressures the Club is facing, we have taken out a short-term interest free loan from the EFL/PL to enable us to keep the core of our squad together and avoid being forced into player sales at a time when the transfer market is unlikely to deliver strong results for selling clubs.

Upon taking the loan, a number of conditions were imposed upon us and we were fully aware that we would be subject to certain limitations and restrictions in the transfer market until such time that the loan is repaid. These limitations include a squad size of no more than 25 established players, a cap on individual transfer fees and a limit on weekly wages.


After such a successful season in League One, securing our first league title since 1966, our number one priority was keeping the group of players that delivered that achievement together. Taking out this loan will allow us to do that, with the associated restrictions causing little impact on our planned transfer activity. Since securing promotion, we have received a number of significant bids from Premier League clubs for our players, all of which have been turned down. Without the loan from the EFL/PL we would not have been in a position to do that and the only option would have been to sell players, perhaps at figures lower than our valuation.

Whilst we are subject to restrictions around our transfer dealings, we are still able to bring players in and we are delighted with the quality and number of additions we have already made to the squad. There are many an example of a large budget not guaranteeing success, and we have confidence that our recruitment department and coaching staff will continue the good work of last season as we embark upon a new campaign, with our fans once again by our side.

Though we are in a position where we don’t need to sell players, if we receive bids that we think offer fair value, player sales would allow us to settle the loan and remove transfer restrictions. The financial position of the Club is under constant review and we welcome the recent news that crowds look to be returning next month to bring in much needed match day revenue, again something which may lead to us being able to repay the loan quicker than originally anticipated.