According to Birmingham Live, Championship club Birmingham City are believed to be facing a transfer embargo due to a breach of Financial Fair Play (FFP) regulations.
It is understood the English Football League gave the Blues owners time to fix the situation but they have in turn failed to do so.
It mean’s that new signing Kristian Pedersen’s transfer from Union Berlin will not stand and he will not be a Birmingham City player until the embargo is lifted.
Blues are said to have been stung under Financial Fair Play guidelines following last summer’s spending spree under Harry Redknapp which included the signings of Jota, Marc Roberts, Maxime Colin and Harlee Dean at St Andrews.
This development would be a huge blow to manager Garry Monk’s transfer plans for the 2018/19 season after he recently spoke encouragingly about the chances improving the squad.
It is understood the Blues boss wants to sign four more players after recruiting Pedersen with a central midfielder, a winger and a forward on his agenda.
The club and the EFL are yet to comment on this matter.
If confirmed, Blues would join bitter rivals Aston Villa in finding themselves in financial struggles this summer, with the Villans’ problems being well-documented since their failure to secure promotion via the play-offs.
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