Wray confirms Town's transfer embargo (From This Is Swindon Town FC)
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SWINDON TOWN: Wray confirms Town's transfer embargo
6:04pm Saturday 6th October 2012 in Headlines
SWINDON Town chairman Jeremy Wray has confirmed that the club are currently under a Football League transfer embargo.
The revelations that Town have been banned from registering new players were made by manager Paolo Di Canio after his side’s 1-0 win at Bury this afternoon.
The embargo is a result of the club exceeding the spending limit of 65 per cent of their turnover, with Swindon’s calculations currently showing an expenditure of around 66.5 per cent, according to Wray.
The chairman moved to allay fans’ fears, insisting that the situation is easily resolvable, and he revealed that it was a tribunal panel’s decision that the fees due for Troy Archibald-Henville and James Collins had to be paid up front rather than in instalments that has caused the situation.
“It’s just as a result of the tribunal findings, as a result of the way that cash has to be paid up front on James Collins and Troy Archibald-Henville,” he said.
“The board has to address what we do at the moment. It’s not the transfer window, it’s the emergency loan period.
“It sounds very dramatic but there are several clubs under embargo throughout bottom two leagues. The wage cap was deliberately introduced so clubs can only spend an amount of money.
“If Paolo needs new players he has to tell the board and then we can go from that.
“In the normal course of events, if they had been straightforward transfers, half of the money would have been paid this year and half in 12 months’ time.
“In terms of a wage cap it’s about cash. As a result of the tribunal the whole amount is due and that is reflected in our wage cap calculations just for this year and that would take us over the threshold.
“We showed that, we submitted the documents. There are ways to correct that.
“If we get a win against Aston Villa then that’s unbudgeted revenue and that would help greatly. We’ve made Paolo aware of that as soon as we knew that to tell him as it stands the club is under embargo so we can’t just dip into the emergency loan market.
“If you look down, we see the salary documents of other clubs, everyone’s pressing as much against the seams as they can.
“We’ll look at our revenue projections, our cost projections and see what we can do.”
Some fans are concerned that Di Canio, who is keen to bring in new faces following injuries to Andy Williams, Alan McCormack and Gary Roberts, could walk away from the club if the situation isn’t resolved.
But Wray does not think that will be the case.
He said: “I haven’t heard what he said but that’s not my understanding of what he’s saying. He’s saying we have to be realistic.
“What he’s saying is to maintain this level is not easy. We’re fighting a promotion battle and you need a full squad of fit players. We’ll look at all the options that are available.
“I don’t think it’s a situation where fans need to panic or be concerned. We all know how honest he likes to be with the fans. He’ll be thinking tonight if he is to continue to succeed at this level he needs reinforcements.
“I don’t think he’s annoyed with the board.”
Comments(28)
Since 1950
says...
6:21pm Sat 6 Oct 12
flynners1962
says...
6:26pm Sat 6 Oct 12
flynners1962
says...
6:26pm Sat 6 Oct 12
Steve. Brentford
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6:28pm Sat 6 Oct 12
the wizard wrote:No panic,im actually glad that this wage cap thing is in place,it should go further up the ladder though imo and i bet a few Pompey fans would agree better late than never.
Serious stuff but in the greater scheme of things he seems concerned and not worried, so after all we have come through its a storm in a tea cup by comparison.
I expect we will be bombarded with panic post regarding PDC leaving etc, like you Wiz i look at it as a "storm in a tea cup".
jamesturner
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6:29pm Sat 6 Oct 12
In Jeremy i trust
southside7
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7:05pm Sat 6 Oct 12
Exmouth_red69
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7:07pm Sat 6 Oct 12
mallorca
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7:22pm Sat 6 Oct 12
Maybe it will make Pdc think before bringing in players who are not used,Bostock is an example if he will not oplay him send him back to spurs.
Is worrying however reading JW's article he seems to think this will be sorted so let's all hope it blows over
joey butler
says...
7:23pm Sat 6 Oct 12
One drop of rain on your window pane
Doesn't mean to say there's a thunderstorm coming
The rain may fall
For an hour or more
But it doesn't matter
No, it doesn't matter.
One gentle breeze blowing softly through the trees
Doesn't mean to say there's a hurricane humming
So don't start running
Every time you hear it coming
Cuz it doesn't matter
You know it doesn't matter
One little word that you may have overheard
Doesn't mean to say that my love for you is dying
So don't start crying over second-hand lying
Cuz it doesn't matter
No, it doesn't matter
It's a storm in a teacup
Brewing up double
All those tiny little troubles
It's a storm in a teacup
It really doesn't matter
If it pitter, pitter, patters all the day
the wizard
says...
7:28pm Sat 6 Oct 12
Exmouth_red69 wrote:If the people concerned are guilty of anything its more about nievety around the rules and the workings of the tribunal and how tribunal payments are made. They have made a small error which has disrupted cash flow. I dare say that will be rectified shortly. Sleeping easy and well tonight in the full knowledge we have a board who are honest, just and proper people.
Agree with above posts, best chairman and storm in tea cup. Let's just focus on Coventry.
Celiac disease sufferer or not, I'll be having a dram tonight to celebrate a hard fought win today, from a side obviously selected from a squad full of injuries. Well done to the players today and especially Collins who took his chance, well done.
robstfc
says...
8:05pm Sat 6 Oct 12
How many players does he need OR want...? It's not always as simple as getting in yet more. Personally I still feel we didn't need the 5 on deadline day..... 2 or 3 at most BUT 5? In this case we would still have room to pick in 1 or 2 in specific positions to cover injury etc..... It is called emergency loan for a reason.
Why did Paolo mention about the board sacking him? Very strange....
DarrenSTFCRomain
says...
8:42pm Sat 6 Oct 12
Steve. Brentford wrote:Same as mate...
the wizard wrote: Serious stuff but in the greater scheme of things he seems concerned and not worried, so after all we have come through its a storm in a tea cup by comparison.No panic,im actually glad that this wage cap thing is in place,it should go further up the ladder though imo and i bet a few Pompey fans would agree better late than never. I expect we will be bombarded with panic post regarding PDC leaving etc, like you Wiz i look at it as a "storm in a tea cup".
But people have to remember that we had to payoff a lot of last seasons players
oddbob
says...
8:59pm Sat 6 Oct 12
I know I'll get shouted down for my views.... Yes, Paolo has done some great things for the club (and a few iffy decisions in my opinion) but I do get a little tired of these half spoken 'threats' to quit when he doesn't get exactly what he wants. Acting like a spoilt child doesn't endear me to him.
If he settled down with the team he has and lets the football do the talking that would be good enough for me.
I don't doubt his passion, just not sure of his agenda sometimes. I would love him to stay for 5 years and get us in a great position in the Championship and with Jeremy Wray on board club stability for the long term.
"Swindon 'til I die"
dreamofacleansheet2
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9:41pm Sat 6 Oct 12
Steve I'm amazed how few vultures are out!!
We'll beat Villa and the budget will be back in line!
Delighted with gritty 1 nil away wins when we have injuries. Was low after Tuesday but will be good to see Paolo work 48 hours a day. I thought he did already!!
Up to fourth no where near first gear. The only way is up.
Steve. Brentford
says...
9:56pm Sat 6 Oct 12
dreamofacleansheet2 wrote:Early days Dreamo.plenty of time for the invasion from the Serengeti.
It's ridiculous transfer fees aren't all paid up front. Mike Ashley gets a lot of stick but he's been trying to change the premier league rules. Just as ridiculous the football administration rules that protect football debts above all else.
Steve I'm amazed how few vultures are out!!
We'll beat Villa and the budget will be back in line!
Delighted with gritty 1 nil away wins when we have injuries. Was low after Tuesday but will be good to see Paolo work 48 hours a day. I thought he did already!!
Up to fourth no where near first gear. The only way is up.
Good shout about us being 4th and not being anywhere near first gear,i am very happy with today's result,i cant talk about performances as i wasn't there but 3 points was all we could achieve today and that's what we got,we move on.My next game is Stevenage and i hope we are up and around second place by then,lets go on a unbeaten run like last season.
Oi Den!
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9:59pm Sat 6 Oct 12
dreamofacleansheet2
says...
10:12pm Sat 6 Oct 12
Den totally agree no drama. Big squad long way to go. We were ten points behind Crawley, in 5th place, mid January - no dramas at all. We got turned over when terrible against Colchester but they hardly had a chance. Sounds similar again today.
Clean sheets win you leagues as does playing not at your best and winning 1 nil away when you have a number of injuries. The vino tastes mighty fine tonight....
old town robin
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10:19pm Sat 6 Oct 12
DarrenSTFCRomain wrote:Steve agreed, plus we paid 170k for Connell and Smith and got nothing for them when they left.
Steve. Brentford wrote:Same as mate...
the wizard wrote: Serious stuff but in the greater scheme of things he seems concerned and not worried, so after all we have come through its a storm in a tea cup by comparison.No panic,im actually glad that this wage cap thing is in place,it should go further up the ladder though imo and i bet a few Pompey fans would agree better late than never. I expect we will be bombarded with panic post regarding PDC leaving etc, like you Wiz i look at it as a "storm in a tea cup".
But people have to remember that we had to payoff a lot of last seasons players
Jeremy said beating Villa will go along way to resolve the situation. A few more on the league gate wouldn't go amiss either. Nearly 6k season ticket holders is an improvement on last season, expect at least a 9k - 10k attendance next Saturday for Coventry, they took 8k to Arsenal in their cup tie. Hope they bring a few and open the bank.
Steve. Brentford
says...
10:52pm Sat 6 Oct 12
old town robin wrote:Very good OTR our home attendances have surprised me a little to be honest and J Wray, A Fitton and N Watkins have all said in the past that we need to support the club by attending if we want to compete with other clubs and there budgets.They could of done no more in my eyes if you ask me,like you say nearly 6 thousand S/ticket holders and that means only about another twelve hundred paying on the door,after all that's happened in the last 18months i would of thought we would be attracting at least another 6 hundred to a thousand more each game.If things go to form we will outclass outplay and out score Coventry, fingers crossed.
DarrenSTFCRomain wrote:Steve agreed, plus we paid 170k for Connell and Smith and got nothing for them when they left.
Steve. Brentford wrote:Same as mate...
the wizard wrote: Serious stuff but in the greater scheme of things he seems concerned and not worried, so after all we have come through its a storm in a tea cup by comparison.No panic,im actually glad that this wage cap thing is in place,it should go further up the ladder though imo and i bet a few Pompey fans would agree better late than never. I expect we will be bombarded with panic post regarding PDC leaving etc, like you Wiz i look at it as a "storm in a tea cup".
But people have to remember that we had to payoff a lot of last seasons players
Jeremy said beating Villa will go along way to resolve the situation. A few more on the league gate wouldn't go amiss either. Nearly 6k season ticket holders is an improvement on last season, expect at least a 9k - 10k attendance next Saturday for Coventry, they took 8k to Arsenal in their cup tie. Hope they bring a few and open the bank.
old town robin
says...
11:56pm Sat 6 Oct 12
Steve. Brentford wrote:Got to speak with the Coventry scout after the Colchester game, in his opinion if our wing play is nulified we are very ordinary, of course he did see us on a bad day, so looking for a better performance against them. At least we have a weeks rest to give the walking wounded to recover.
old town robin wrote:Very good OTR our home attendances have surprised me a little to be honest and J Wray, A Fitton and N Watkins have all said in the past that we need to support the club by attending if we want to compete with other clubs and there budgets.They could of done no more in my eyes if you ask me,like you say nearly 6 thousand S/ticket holders and that means only about another twelve hundred paying on the door,after all that's happened in the last 18months i would of thought we would be attracting at least another 6 hundred to a thousand more each game.If things go to form we will outclass outplay and out score Coventry, fingers crossed.
DarrenSTFCRomain wrote:Steve agreed, plus we paid 170k for Connell and Smith and got nothing for them when they left.
Steve. Brentford wrote:Same as mate...
the wizard wrote: Serious stuff but in the greater scheme of things he seems concerned and not worried, so after all we have come through its a storm in a tea cup by comparison.No panic,im actually glad that this wage cap thing is in place,it should go further up the ladder though imo and i bet a few Pompey fans would agree better late than never. I expect we will be bombarded with panic post regarding PDC leaving etc, like you Wiz i look at it as a "storm in a tea cup".
But people have to remember that we had to payoff a lot of last seasons players
Jeremy said beating Villa will go along way to resolve the situation. A few more on the league gate wouldn't go amiss either. Nearly 6k season ticket holders is an improvement on last season, expect at least a 9k - 10k attendance next Saturday for Coventry, they took 8k to Arsenal in their cup tie. Hope they bring a few and open the bank.
madterrier
says...
10:14am Sun 7 Oct 12
These wage cap rules are great and need to be enforced across all leagues and all sports.
Paolo needs to concentrate on coaching players and building their confidence when we hit times of 'crisis'. We've got a decent squad. If we need someone to go shopping every time, then I suggest the club employs my girlfriend.
We never see the figures, but the amounts we have had to pay off players' contracts who were mistakes or misfits must add up to an ugly looking number.
The only way we can really compete IS to get attendances up, and the lack of response to the club's success is the most disappointing thing for me.
On the formation, I agreed with this for ages. When teams work out how to close down our wingers, there is no Plan B. Even Chesterfield worked that one out and won the JPT FFS (sorry for two initialisms in succession).
That's why I'm Baffled by Bostock. Switching to a 4-3-3, pushing one winger further forward and having an extra (attacking) midfielder is just the type of Plan B I'm talking about and I cannot understand why we haven't mixed things up and got him more game time. At this level he could be explosive.
And if we're not going to play him, then refer back to the wage cap problem.
Just doesn't all add up.
mallorca
says...
10:59am Sun 7 Oct 12
Finally the rantings of Pdc on post match interview well just could not understand what the hell he was on about and to be honest all I heard was embargo,I work 60 hours a day,we have injuries.
As some posts have said he does need to calm down a bit,still he is our Pdc .Great result yesterday and despite injuries what a good start considering we moved up a division
Stilloyal
says...
12:13pm Sun 7 Oct 12
We have cover all over the park except in goal where we only have the inexperienced Bedwell.
Being hit by injuries and suspensions should tell us all how good PDC is as a manager operating with a depleted squad.
billbst
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1:15pm Sun 7 Oct 12
DarrenSTFCRomain
says...
1:47pm Sun 7 Oct 12
mallorca wrote:IF he is so hard done by as he points out he should try manager a club that has alot lot less than Swindon has to spend...
Now having slept and looked again at JW's clarification of the situatio I think the Board will adjust Funding to fall in Line with the wage cap.As to beating Villa yes would be great and why not give it a go. As for attendances I feel ticket costs these days at times just do not fit in with Family budgets it's a fact but would be great if another 759 to 1000 fans could go through the gates. Finally the rantings of Pdc on post match interview well just could not understand what the hell he was on about and to be honest all I heard was embargo,I work 60 hours a day,we have injuries. As some posts have said he does need to calm down a bit,still he is our Pdc .Great result yesterday and despite injuries what a good start considering we moved up a division
ANYONE CAN BE A GOOD MANAGER WHEN THE FUNDS ARE THERE..
Now its time to show use the fans how good a manager he really is..
Its not like we have a small TEAM is it ?.
TelSTFC
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6:21pm Sun 7 Oct 12
Macari proved what a great manager he was on no budget at all.
Paolo has done great and we all love his enthusiam and we are in a superb position at the moment 4th.
To be honest i think asking for more money at present to make more loan signings isn't good for the club as a whole.
The board have to draw a line somewhere to be fair.
I hope Paolo can work with the players we have Bostock hasn't hardly featured yet,Rooney could be re-called back it could be his chance to prove his worth.
Lets hope Paolo can work with this squad as alot of Managers would love what he has at his disposal.
Im looking forward to the Coventry game should be a decent crowd as they should bring 2000.
In Paolo we trust onwards & upwards with the squad we have when the going gets tough the tough get going!
gaz2612
says...
9:45am Mon 8 Oct 12
Heres hoping for a big win against CCFC on Saturday??
the wizard says...
6:15pm Sat 6 Oct 12