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Championship facing 'financial armageddon' after TEN clubs were placed under a transfer embargo last month... with the Covid-19 pandemic set to impact the sales of players to Premier League teams this summer

Ten Championship clubs were placed under transfer embargo at the same time — with concerns growing that some second-tier outfits are facing ‘financial Armageddon’.

Sportsmail can reveal that late last month, almost half of the league was subject to a registration ban in a bombshell discovery which has led to claims the integrity of the competition has been seriously undermined.

The clubs in question were Birmingham City, Blackburn Rovers, Cardiff City, Coventry City, Derby County, Huddersfield Town, Luton Town, Reading, Sheffield Wednesday and Stoke City.

Ten Championship clubs were placed under transfer embargo at the same time last month

Ten Championship clubs were placed under transfer embargo at the same time last month

Of those, it is understood that Huddersfield have now come off the list, while Stoke are expected soon to follow suit, with both clubs being hit with the penalty thanks to administrative — rather than financial — issues.