EFL allow Pedersen registration and offer embargo lifeline

Blues have this evening been handed an embargo lifeline by the EFL after confirming that Kristian Pederson has now been officially registered and can play in the opening Championship game against Norwich.

Both parties have also announced that they have come to an agreement regarding the signing of future players this summer.

The EFL have allowed blues to be able to sign 5 further players this summer (if needed) but these have to be under strict regulations.

In order to reach this conclusion, Blues have agreed to adhere to a business plan imposed by the EFL.

Under the P&S rules, the Club has agreed, with immediate effect, to adhere to a business plan imposed by the EFL, which includes a number of financial targets, including controlling player related expenditure, which together have the objective of meeting the requirements of the P&S Regulations moving forward.

The full statement from Blues can be found here.