Hull City chairman Acun Ilicali has said the club has "zero conflict with any clubs" after they were placed under restrictions stopping them from paying a fee for any player in the next three transfer windows.
The English Football League punished the Tigers for missing payments on the loan signing of Aston Villa forward Louie Barry in January.
On Monday, BBC Radio Humberside reported they had paid the loan fee to Manchester City for defender Fin Burns, who spent the 2024-25 season with the club, to avoid another EFL transfer embargo.
In an open letter to fans, Ilicali said the club had had a cash flow problem because of monies owed to them did not arrive and that they are "confident" they will win their appeal against the sanctions.