Breaking: Information on Sheffield Wednesday’s “nominal” debt in the midst of a triple embargo Following…..

Sheffield Wednesday hit with third transfer embargo in growing crisis

Details given on ‘nominal’ figure Sheffield Wednesday owe amid triple embargo

Sheffield Wednesday owe a ‘nominal’ amount to Norwich City with regards to Akin Famewo’s 2022 transfer, according to reports.

The 26-year-old is currently a free agent following he expiration of his contract at Hillsborough, but played 73 times for the club during his spell in blue and white and put in a number of strong performances along the way. He was signed for an undisclosed fee three years ago, however it wasn’t believed to be a substantial amount of money that changed hands.

Now, after it was confirmed that Wednesday had breached another EFL regulation due to transfer fees owed, a report from the Pink Un has explained that one of the issues arose last month. It was previously reported by the Telegraph that money was owed to Norwich for Famewo as well as to Southampton for Shea Charles’ loan, and it’s something else for the club to be concerned about when they look to have their embargo lifted.

Sheffield Wednesday owe Norwich City money

Sheffield Wednesday woes take 'scandalous' turn as Owls hit by double EFL embargo  amid staff wages warning

The Pink Un said in an article today, “Alongside those troubles and late payments to HMRC, Wednesday are also late on payments owed to other clubs, including to City for the Famewo deal. A deadline for the transfer was missed last month.

“It’s understood that the late payment is a nominal five-figure sum that is owed to City and relates to the initial fee that took Famewo to Yorkshire in July 2022. The defender has now left Hillsborough at the end of his contract and is attracting interest from elsewhere.”

Wednesday are in a whole world of trouble at the moment amid the unpaid wages fiasco that is currently consuming the club, and the latest update as they became triple embargoed is just another in what feels like a death by a thousand cuts.

Championship club explain next steps with similar Sheffield Wednesday punishment imposed

A second Championship club has been hit with EFL sanctions after a failure to fulfil their financial obligations.

At a time that should see clubs adding to their squad in an attempt to push on in the next campaign, Sheffield Wednesday are a club in crisis and are operating under the restrictions of a three-window transfer ban, along with three registration embargoes for failures to pay players, HMRC and other clubs for transfer dealings.

Sheffield Wednesday: Championship side placed under registration embargo -  BBC Sport

Now, another second tier side has been pulled into sanction, with Hull City officially acknowledging their punishments after reports in the local media earlier this week. Reports on Humberside suggest an unpaid loan fee of £1m owed to Aston Villa for Louie Barry is the cause of the trouble. The Tigers were contacted by the EFL on Monday afternoon and were told a temporary embargo had been put in place while the club explained a failure of non payment regarding the loan of Barry.

It’s said the Tigers are confident that an appeal. A Hull City statement released on Friday read: “We can confirm that we have received notification from the EFL that we are subject to a transfer embargo & a three-window fee restriction with immediate effect. We will appeal the three-window fee restriction & are confident of resolving the matter as soon as possible.”

Your next Sheffield Wednesday read: Manchester City chasing another Sheffield Wednesday youngster

 

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