Leeds United’s transfer embargo withdrawn after six months

As this forgettable season for the Leeds United is coming to an end, the West Yorkshire club’s run of bad luck may finally be over.

As reported by theBBC, Leeds’s transfer embargo has now been withdrawn after a six-month period, thus meaning the club is now allowed to make some moves during the off-season.

After financial accounts revealed thatLeeds lost £22.8m in the 12 months leading up to June 30, 2014, the club was handed a transfer embargo in December due to a failure to follow the Football League’s Financial Fair Play rules.

In order to have had the embargo lifted, the beloved football club will have needed to stay within an operating loss of no more than £3m, with a maximum of £3m of shareholder investment this season.

This comes after a recent string of good news for the club, including the reinstatement of owner Massimo Cellino to Leeds’ board after being granted permission by the Football League, and the return of Adam Pearson as executive director.

Commenting on his new role at Elland Road, Pearson said: “I’m here to assist Massimo as much as possible on all sides of the club and I’m really looking forward to it. I’ll be like his right-hand man as executive director at the club, trying to get the club moving forward in the right lines and in tune with its supporters.

“I know the club really well, I was here 15 years ago. Quite a lot has changed internally but there’s still a lot of familiar faces and some really good staff here. Hopefully we can build on that teamwork off the pitch and really take the club forward.

“I know this city very well, I know the club and it’s my hometown city.”

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