Coventry's transfer embargo has officially been lifted as expected, allowing manager Andy Thorn to strengthen his squad this summer.
It was revealed in late March that the Sky Blues had been placed under the embargo, at the same time as they suffered a severe cash crisis and narrowly avoided entering administration.
As the club continues to head back in the right direction, chief executive Paul Clouting revealed last week that two of the three factors required by the Football League to lift the ban had already been fulfilled, with the third to be completed imminently.
That has now been done and a statement on the club's official website reads: "The transfer embargo placed upon Coventry City Football Club has now been lifted.
"The embargo, imposed by the Football League, was released on Thursday morning."
City finished 18th in the npower Championship despite having occupied a play-off spot at the halfway stage.
Copyright (c) PA Sport 2009, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms