Oxford United Placed Under Transfer Embargo by EFL

Oxford United have been placed under a temporary transfer embargo by the English Football League, preventing the club from registering summer signings.

New head coach Aaron Ramsey, appointed just over a fortnight ago, will therefore begin his tenure with the existing squad at the recently relegated club.

The League One side said its immediate priority is to retain the "extremely competitive squad already in place" and expressed confidence that the embargo will be lifted before the January transfer window.

Oxford cannot register new players during the current window because they are not currently compliant with the EFL’s salary cost management protocol regulations.

The SCMP framework acts as financial fair play for League One and League Two clubs, limiting how much of a club’s turnover and funding can be allocated to player-related costs.

"Following relegation and with rule changes, the club have been working to align their financial position with the reporting requirements of League One," Oxford said in a statement.

"With a commitment from shareholders to increase investment into Oxford United over the coming months, along with measures to reduce overall costs, the club will be compliant and in a strong position ahead of the January transfer window.

"The club have an extremely competitive squad already in place and the focus this summer will be on retaining those players that give Aaron Ramsey and his staff the strongest group possible to deliver success on the pitch this season."