There’s been a significant development regarding Leicester City’s transfer embargo.
The EFL put Leicester under a player registration ban last month, raising serious questions about the summer transfer window.
In response, the club issued the following statement: “The Club further notes that the EFL issued a public notification at 4pm today informing the public that LCFC has been placed under a registration embargo in accordance with its P&S rules.
“With more than 25% of the Club’s 2023–24 reporting period left, the EFL is aware that LCFC has contested the EFL’s right to impose this constraint, which is both restrictive and premature.”
Now, a new development in the case has just come to light.
Leicester City transfer embargo update
Leicester will have unrestricted access to sign players during the summer transfer window, according to a story published by The Daily Mail on Monday afternoon.
According to the article, the Premier League has no intention of keeping the embargo in place after The Foxes return to the top division.
When the Annual General Meeting is held on June 6, City formally joins the division.
That will effectively signal the end of their restrictions imposed by the EFL’s decisions, which will result in the removal of the player registration.
The summer transfer window is set to reopen later that month, so the timing will not affect the club’s planned business in the market.
A big relief for Enzo Maresca
The news will come as a huge relief to City boss Enzo Maresca and his recruitment staff, as they can now freely plan for life back in the Premier League.
Work can begin identifying and starting negotiations with transfer targets ahead of the window’s opening in June.
It will also provide the players who are out of contract more assurance, as they know indefinitely, that they’ll be able to pledge their long-term future to the club this summer if indeed a contract is agreed upon.
So following the promotion party this weekend, more good news has dropped and City can make it even sweeter this evening, as they face Preston North End at Deepdale needing two points to win the title.
A big night awaits the city of Leicester.
