In 2015, Bolton Wanderers were put under a transfer embargo by the EFL as the club’s losses became so high that they breached financial fair play rules. Since then, the Whites have been relegated and fought their way back to the Championship whilst being unable to spend a penny in transfer fees, whilst millions were spent at all levels of the football league.
Today, the embargo ends. The immediate effect means that the quad cap is lifted, allowing more young players can be registered with the first team. Jeff King and Alex Perry are immediately available for selection, as they have just been registered, but young goalkeeping talent Jake Turner could soon be called up.
In the long run, Bolton will be able to buy players (although the club’s ability to compete with more stable rivals is still in question) and pay higher wages, as the £4.5k cap has been lifted. This also means that more expensive free agents could be signed as Phil Parkinson continues his mission to build a team of misfits capable of survival. Bolton can also pay loan fees, perhaps attracting more talented prospects from Premier League teams.
The future of the club is still uncertain and we must remain vigilant but today is a good day. The Anderson family, for all their faults, have this afternoon injected some hope back into the club and now we can go back to focusing on what’s going on on the pitch, however painful that may be.
Now that the leadership of the club are free from the shackles of EFL restrictions, lets see what Bolton use this new found power to achieve. Only time will tell and we’ll all be right alongside them every step of the way.
Come on you white men!