As FFS suggested earlier this morning, the Football League have apparently rejected City's request to bring in loan players.

The Creditors Voluntary Agreement appears to be the problem because some of it is owed to other clubs. £1.2million is owed to Tottenham and Chelsea for Ian Walker and Dennis Wise respectively.

League spokesman John Nagle said:

"We are taking a hard line with Leicester City because they have failed to control their finances in the past.

"Hopefully, it won't happen again. But we can't risk the club being threatened by administration in the future, so we can't allow them to loan players.

"The club still owes money to their creditors and to allow them to sign players gives out the wrong message.

"Although they are almost out of administration, they are still tied to a CVA that may carry on to the end of the season and, unless there are extenuating circumstances, our position will remain the same. We hope to sit down with them in the near future to resolve the issue and to ensure it doesn't go beyond the end of the season.''

It appears that the thing that stops the loan signings is owing *any* money what so ever to other football clubs/PFA/FA/FL, etc. as they will slap an embargo on you.

The people who enforced this were a panel of three Chairmen from the League...Sheffield United, Ipswich and Milwall. Surely they have a vested interest...especially when one is our main promotion rival? Why are they singling Leicvester out for this treatment?

Surely the Football league would have told City weeks ago that these were the rules? or would they...?

And why will it be any different at the end of the season? Surely we'll still owe money to these clubs then? Will they move the goalposts again? Does it mean we can't sign anyone in the summer and couldl get relegated straight away?

The Football League need to give Leicester and the fans some explanations. Quick.

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