Blackburn Rovers is able to sign players after having been banned from doing so for around 1 year. The reason of why the English League Championship club was prohibited from securing the services of new players was due to a breach in the Financial Fair Play which was discovered that Blackburn Rovers along with Leeds United and Nottingham Forest had all been doing.
It was unveiled that all of those clubs mentioned previously had breached FFP rules and they were consequently sanctioned.
Now that the finances of Blackburn Rovers have been arranged in a way that it complies with the rules of FFP, the transfer embargo has been lifted and now Paul Lambert are able to sign new players into the team.
“It is a building block and one little stage in trying to rebuild this club. Everybody behind the scenes, the board, staff and especially the owners, deserve a lot of credit’’ The coach of Blackburn Rovers, Paul Lambert said as he gave credit to everyone in his club about this achievement.
In order for any club of the Championship League to satisfy all the rules and requirements of the Financial Fair play, they can’t register financial losses of more than £5m while only have a maximum of £3m which is funded by their respective shareholders.
Blackburn Rovers managed to compete in the Premier League back in the 2011-12 but they were eventually relegated and haven’t been able to climb themselves back to the top tier English League. Paul Lambert and his men are currently located in the middle section of the English League Championship but now that they are able to sign players, it might allow them to leap into the higher spots of the league and make a return to the Premier League.