Shrimps chief explains embargo

19 January 2009 11:36
The Football League placed the Shrimps under a transfer ban in December after their projected expenditure, including players' wages, was more than 60% of the club's estimated income.

"Due to various factors, our income was not at the level we had hoped for, and our expenditure had also risen from what we had projected," Marsdin told the club's matchday programme.

"Therefore, when calculated against our wages, both actual and contracted, we had exceeded the 60% of turnover.

"So, until we return to less than 60%, the embargo will remain. It should be noted that if we reduce players wages (by players leaving), we would benefit from the full 100% of the monetary reduction."

Source: Team_Talk