OXFORD United say there will be no impact on player recruitment after delayed documents saw the club appear on the embargoes section of the EFL website.
Two regulations are named alongside a notice, with those being 16.11 Interim Accounts and 16.16 Future Financial Information.
United though have released a statement, confirming that neither the first team or player recruitment will be impacted by the ‘embargo’.
The U’s said: “The club can confirm that the finalisation of certain routine documents were delayed and therefore were not submitted to the EFL as per the timeframes stipulated in their regulations.
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“The outstanding documentation will be filed shortly, which will resolve the matter. There will be no impact on the men’s first team or player recruitment.”
With regard to Regulation 16.11, the EFL handbook for the 2024/25 season states: “If the annual accounts of a Championship club (or, if applicable, the group) submitted pursuant to Regulation 16.2 (and 16.5 as applicable) are prepared to a date prior to 30 November in the season of submission, such club or group shall by the following 31 March submit to the League interim accounts covering the period commencing from its accounting reference date and ending on a date between the following 30 November and 1 March.”
Regulation 16.16 adds: “By 31 March, in each season, each club shall submit to the League in respect of itself (or if the club considers it appropriate or the League so requests in respect of the group of which it is a member) future financial information comprising projected profit and loss accounts, cash flow, balance sheets and relevant explanatory notes commencing from its accounting reference date or, if it has submitted interim accounts pursuant to Regulation 16.11, from the date to which those interim accounts were prepared and expiring on the next accounting reference date after the end of the following season.
“The projected profit and loss accounts, cash flow and balance sheets shall be prepared at a maximum of quarterly intervals.”
