Scunthorpe United moving out of transfer embargo
The player embargo has been in place since before current owner Michelle Harness took over the club in October
Scunthorpe United say they are one step closer to moving out of a transfer embargo.
Owner and chairperson Michelle Harness and Chief Executive Officer Lee Turnbull have been talking with the National League to ensure the Iron have been moving to comply with their restrictions and move the team out of an embargo.
The National League confirmed this morning (12th February) that subject to the Iron continuing to satisfy the volume of historic debt they will be able to do so.
It follows a difficult 12 months for the Iron, but owner Michelle Harness who took over the club in October says they're delighted with the progress that has been made.
Speaking following the news, Michelle said:
“We are delighted that we’ve been able to take another massive step since taking over the football club, to bring the club out of an embargo which has been in place since before we took ownership.
“Jimmy Dean and his staff have worked under massive constraints, which have resulted in us losing players we would have liked to have retained, and transfer targets we have been unable to bring in, which would have enhanced the group of players we have here at the moment. As a result of not being able to bring in reinforcements, the squad has at times been stretched, and also lacked competition for places, and the finances of the football club have dictated that loan recalls have only been activated when absolutely necessary.
“As we move forward, we will continue to support Jimmy and the staff to help strengthen the squad we have where we can. Ultimately, any business we do manage to complete will be as a result of us also safeguarding the future of the future club and the eventual sustainability that we are striving to create. To do this, there will inevitably be an element of balancing the books to ensure we remain on track to achieve this.”