• Embargo imposed in March after accounts not filed in time
• Blues captain Stephen Carr signs new one-year deal
Birmingham City have had their transfer embargo lifted by the Football League. The Blues have been unable to sign players since being placed under embargo in March for not filing their 2010-11 accounts in time.
The Birmingham owner, Carson Yeung, was arrested in June on money laundering charges and is due to face trial in Hong Kong in November.
The Championship club's acting chairman, Peter Pannu, said in a statement: "We are pleased that the hard work of those at the club and the Football League has paid off and that the financial prudence put in place since Carson Yeung's arrest has been recognised.
"Despite the lifting of the embargo, we still need to ensure that this financial prudence remains in place going forward."
The Birmingham captain, Stephen Carr, has signed a new one-year deal with the club.
The Republic of Ireland international defender was out of contract at St Andrew's but has been retained as captain by the new manager, Lee Clark, who was appointed as Chris Hughton's successor last week. Read More
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