In a dramatic turn of events, Bolton Wanderers have avoided a transfer ban by falling inside an 'accepted deviation' in terms of their financial management.
However, fellow Championship sides Blackburn Rovers, Leeds United and Nottingham Forest have all been banned from making signings for the rest of the 2014/15 season as a result of breaching Financial Fair Play rules, although from June onwards they will, with improvements to their bottom line, be able to overturn the ban.
To do so, they will need to prove they have stayed within an operating loss of no more than £3m, with a maximum of £3m of shareholder investment for the 2014-15 season.
Under existing rules, clubs were permitted to lose no more than £3m a season, with a maximum of £5m of shareholder investment in 2013-14.
Wanderers posted a club-record loss of £50.7million for the year ending in June 2013, although cuts made to date have led the club falling within the Football League's maximum permitted deviation of £8million.
Some have been giving Dougie Freedman credit for this, as if it was his doing and not the chairman/owner. Bizarre.
Seems the Oracle was wrong then eh.