Oxford United can confirm that, as they are not currently compliant with EFL Salary Cost Management Protocol (SCMP) regulations, the Club have been placed under a temporary embargo which prevents the registration of new players.
SCMP, the EFL’s financial control framework specific to League One and League Two clubs, sets limits on the proportion of a club’s turnover and owner funding that can be spent on player-related costs.
Following relegation from the Championship, and with rule changes removing the staggered approach to equity injections,the Club have been working to align their financial position with the reporting requirements of League One.
With a commitment from shareholders to increase investment into Oxford United over the coming months, along with measures to reduce overall costs, the Club will be compliant and in a strong position ahead of the January transfer window.
The Club have an extremely competitive squad already in place and the focus this summer will be on retaining those players that give Aaron Ramsey and his staff the strongest group possible to deliver success on the pitch this season.