Hull City have said they intend to appeal against the transfer embargo they have been placed under that would mean they would not be able to pay a fee for a player until January 2027.
There are concerns over the club's finances after they were late making transfer payments to Aston Villa for the loan of winger Louie Barry last season.
That debt has now been settled but the delay was too long for the English Football League.
In confirming both the embargo and their intention to appeal against it, the club said they "are confident of resolving the matter as soon as possible".
BBC Radio Humberside understands the club owe money to a number of additional creditors, including other clubs for previous transfers.
The news comes in a week when owner Acun Ilicali told supporters at a question and answer session that the Tigers do not have money problems.
Speaking to BBC Radio Humberside on Monday, Ilicali also dismissed concerns and questions about the club's mounting debt - that in the last set of accounts showed losses in excess of £60m.
"We don't owe any money to anybody - the club owes money to me and I am the owner," Ilicali said.
"I am spending from my pocket but we have extremely good players in the squad. I can say to the fans do not be under stress, we are fine."
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