Tuesday, December 30, 2014

Boro can sign players in January after complying with FFP regulations


Boro are free to sign players during the January transfer window after the Football League confirmed the Teessiders are not in breach of Financial Fair Play regulations.


Club chiefs have long insisted that they are in compliance with the tough new accounting regime, and today's announcement confirmed that.


Fans at the Riverside were fearful of a possible transfer ban based on the £14m loss reported by Boro in their last annual accounts to the end of 2012/13 - well above the £8m limit.


But the FFP regime is not based on the company trading loss and includes discounts for certain spending, including the running of Boro’s Category 1 Academy.


Football League chief executive Shaun Harvey yesterday confirmed that only three Championship clubs will be slapped with a ban next month.


Harvey said: “Based on information that has now been received and reviewed, there will be only three clubs subject to an FFP embargo from January 1, 2015 - Blackburn Rovers, Leeds United and Nottingham Forest.”.


A decision is expected in the first half of January on whether newly-promoted Premier League clubs QPR and Leicester will be fined.



This year’s spending on fees and wages will go into next year’s accounts - but a new system has been agreed to start in 2015/16 so next year’s permitted losses will increase to £13m as clubs plan towards the new ceiling


But for Boro, next month will be business as usual as Aitor Karanka looks to mastermind his side’s promotion push.


Decisions are yet to be revealed on the future of loan pair Milos Veljkovic and Jamal Blackman, but Patrick Bamford is expected to extend his stay on Teesside.



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