The objective of the business plan is to move the Club towards compliance for forthcoming reporting periods.BCFC
The decision comes after a review by the EFL of information submitted, for the three year period 2015-16 to 2017-18, by the Club in regard to the League's Profitability and Sustainability (P&S) rules.
The EFL determined that the Club has recorded losses in excess of the permitted amounts and will be referred to a Disciplinary Commission, which will hear representations from the EFL and Blues before reaching a decision.
Under the P&S rules, the Club has agreed, with immediate effect, to adhere to a business plan imposed by the EFL, which includes a number of financial targets, including controlling player related expenditure, which together have the objective of meeting the requirements of the P&S Regulations moving forward.
The objective of the business plan is to move the Club towards compliance for forthcoming reporting periods.
Accordingly, Blues have been restricted in terms of new player registrations. The Club have been permitted to register Pedersen, who was signed from Union Berlin in the summer, plus a further five additions, if required.
There are a number of conditions on which these acquisitions (other than Pedersen) can be made are which are consistent with those as set out in the Financial Fair Play (FFP) rules which pre-dated the P&S Regulations.
A full version of the EFL's statement on the Club's Profitability and Sustainability can be viewed at www.efl.com.