Football League confirms Club has passed FFP
Huddersfield Town has received confirmation from the Football League that it has complied with Financial Fair Play rules during the 2013/14 season.
Accordingly the Club will not be subject to any sanctions and will be free to operate without transfer restrictions in 2015.
Financial Fair Play regulations in the Sky Bet Championship gave clubs a maximum permitted deviation of £8m - consisting of a maximum adjusted operating loss of £3m plus a further maximum of £5m of shareholder investment - during the 2013/14 playing season.
The Football League announced on Monday that three clubs exceeded this maximum permitted allowance and will now be under an ‘FFP Embargo’ in the January 2015 transfer window, with more possibly to follow – click HERE
for full info.
“We are delighted that the Football League has confirmed the Club fulfilled the Financial Fair Play requirement last season,” Town’s Chief Executive Nigel Clibbens told htafc.com.
“With lots of speculation surrounding Championship clubs who may or may not fail the test and three clubs already facing embargo in January, we can solely focus on improving our position without the disruption and damage caused by external constraints and restrictions over our transfer activity.”
Town’s full accounts for the 2013/14 season will be filed and released on htafc.com in due course.