Birmingham transfer embargo lifted

The Blues have been unable to sign players since being placed under embargo in March for not filing their 2010-2011 accounts in time.

Birmingham owner Carson Yeung was arrested in June on money laundering charges and is due to face trial in Hong Kong in November.

A statement from acting club chairman Peter Pannu read: "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.''

Meanwhile, Blues 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 new manager Lee Clark, who was appointed as Chris Hughton's successor last week.

"I'm delighted that Stephen Carr has agreed a new contract with the club as he's a very important player,'' Clark told the club's official website.

"I've worked with Stephen both as a player and a coach and I know that he's not just a fantastic, international-class player but he's also a leader. Stephen is a major influence both on the field and in the dressing room and he'll continue as my captain this season.''

Carr added: "It's good to get it sorted. I'm buzzing now and I can't wait to get back and get restarted with the lads. Hopefully we'll have a successful year. I always wanted to re-sign once everything was right for me and I'm happy to be extending my stay here.''