League One side Oldham facing transfer embargo
League One side Oldham Athletic have confirmed to BBC Radio Manchester today (Nov 23) that they are under a transfer embargo.
The club is understood to owe other clubs fees for loan players and must pay a bill of £300,000 to HM Revenue & Customs in the next seven days.
"It's been widely reported and quite right that we are behind with some payments to other clubs," chairman Simon Corney said.
"I'm asking the fans not to get too concerned about it."
Corney added: "It's quite common in football and there are probably quite a lot of clubs in the same situation as us.
"The debts will be paid. There's no two ways about it. They always do get paid, we have to pay them."
Interim chief executive Mark Moisley said Oldham hope to have the embargo lifted for when the January transfer window opens.
Oldham are still in the bottom four despite gaining a valuable away point at Port Vale on Tuesday.