AFC Fylde and Halifax Town, two of six National League clubs placed under transfer embargoes, have moved to reassure supporters that there are no financial problems at the clubs.
A temporary transfer embargo was placed on the six clubs, including Aldershot Town, Hornchurch, Morecambe, and Altrincham, on Tuesday due to non-compliance with the league's financial regulations. The sanction was a result of the clubs' late submission of budgetary information.
The National League season started last weekend, and the clubs are now facing a temporary setback. Altrincham's ban was lifted on Wednesday morning after the relevant paperwork was supplied.
AFC Fylde issued a statement to confirm that the temporary transfer embargo relates solely to the late submission of financial information. The club stated, "This is purely an administrative matter and does not relate to the financial position of the club. We fully expect this matter to be resolved shortly and swiftly."
Halifax Town also issued a statement to reassure their supporters. They stated, "We would like to clarify the situation to put people's minds at rest. The situation is very temporary and relates to the submission of some financial budgetary information."
The club further explained that their information is being submitted late for reasons explained to the National League on Monday. They have requested a further extension until Monday 17th August to submit the necessary paperwork.
Halifax Town must stress that the situation has nothing to do with the actual finances of the football club. Everything is in good shape in that respect. It is purely administrative.
The other three clubs, Aldershot Town, Hornchurch, and Morecambe, have yet to comment publicly. They are facing the same temporary transfer embargo due to non-compliance with the league's financial regulations.
The situation is now under review by the National League, and the clubs are expected to resolve the issue shortly. Halifax Town has confirmed that they will supply the relevant information by the start of next week.
The National League's financial regulations are in place to ensure that all clubs operate within the league's rules and regulations. The temporary transfer embargo is a result of the clubs' failure to comply with these regulations.
The situation is expected to be resolved shortly, and the clubs will be back to normal soon. The National League has yet to comment on the situation, but the clubs are working to resolve the issue as quickly as possible.
Source: Yahoo Sports