Might as well get on with signing some freebies now. BC saying in HDM that the club are hoping the hearing will be heard before the end of the month. Even if sanctions are removed completely (Sounding unlikely IMO) that could leave as little as 9 days before the season starts to get some decent players in.
Expecting an appeal decision from EFL is unlikely in double quick time. They will be looking gather all evidence and supporting information for the appeal, and if they have had concerns with the way City has been run over the past few months, this will take additional time and money. When legal bods and bean counters get involved, things slow down, costs tend to mount up and complications crop up. I think we can forego the current window for paid transfers and try to focus out on deals that meet the free transfer and fee-free loans framework that has been put in place by the EFL.
Per the EFL compliance site Sheff Wed still have an embargo in place : Championship Sheffield Wednesday: Regulation 52.2.3 (Non-payment of transfer fees) Current Fee Restrictions Championship Sheffield Wednesday: Until the end of the Summer 2026 Transfer Window Hull City: Until the end of the Summer 2026 Transfer Window https://www.efl.com/governance/embargoes/