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Jul 4, 2012

Birmingham have embargo lifted

Birmingham City have confirmed the transfer embargo on the club has now been lifted by the Football League.

The Blues have been unable to sign players since being placed under an embargo in March for not filing their 2010-11 accounts in time.

Previous Birmingham owner Carson Yeung was arrested in June on money laundering charges and is due to face trial in Hong Kong in November.

Acting chairman Peter Pannu said: "We are pleased that the hard work of those at the club and the Football League has paid off and that the financial prudence put in place since Carson Yeung's arrest has been recognised.

"Despite the lifting of the embargo, we still need to ensure that this financial prudence remains in place going forward."

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