Transfer Embargo Close To Being Lifted?

Speaking in the Bournemouth Evening Echo, Jeff Mostyn is quoted as saying: "The new board felt it prudent that I should meet the Football League at the earliest opportunity to ascertain their view on the current standing of the club. It also gave me the chance to discuss what was required of the new owners in order to comply with league membership. I was advised that a transfer embargo had been placed on the club as a result of various breaches by the previous owners. We currently have embargoes as a result of the club's debts to HMRC, to other football clubs and a nominal amount to the Football League. I think it is important for our supporters to understand the league's rationale behind any transfer embargo. They are primarily put in place as a result of debt to HMRC and to fellow league clubs. The league believes that, if you are not meeting your financial obligations, bringing in new players, at whatever cost, is adding to your commitments and will make any repayment of debt more difficult, if not impossible. However difficult it is to stomach, it is hard to disagree with the philosophy".