Coventry City handed clearance to operate in the transfer market following meeting with the Football League
Following a meeting with The Football League, Coventry City Football Club have now been given clearance to operate in the transfer market, subject to certain on-going conditions.
It means the Sky Blues are now able to sign players again without having to adhere to a one-in, one-out policy. However, the club must still demonstrate it has the finances to meet any new player’s liabilities as a condition set by The Football League.
Coventry City’s development director Steve Waggott said: “Myself, Steven Pressley and Neil MacFarlane are delighted to be able to resume a more normal service with regard to the future transfer of players.
“We have prudently cut the cost of our first team squad over the last few months, while maintaining our competitiveness in League One.
“Like all clubs, we still have to fulfil the Salary Cost Management criteria and operate under The Football League's rules and regulations, but to be able to plan in a more normal operational manner is great news, with just the League’s usual conditions to meet because of the recent exit from administration.
“A huge thanks must go to the owner for injecting the required funding to allow us to move into this stronger position.”