The EFL have released a statement confirming a 'regisration embargo' imposed on Charlton Athletic.

Following a widely publicised breadown in the running of the club between Director Tahnoon Nimer and Chairman, Matt Southall, the EFL have confirmed that East Street Investments failed to provide proof of funds to run the club until 2021.

The statement comes after Nimer accused Southall of using club funds to fund his lifestyle, allegations Southall denies.

The back-and-forth was played out on social media with both parties demanding the other be removed from their post.

EFL's statment read:

The EFL notes the concerning developments, including a number of unhelpful media comments, emanating from Charlton Athletic over the past 24 hours.

The League has been working closely with the relevant parties since an initial application for a change of control was made.

The relevant parties were notified in January that they were eligible under the provisions of the Owners’ and Directors’ Test in accordance with EFL Regulations.

In parallel, the EFL had also made clear the requirements in respect to the source and sufficiency of funding necessary to fund the Club until June 2021. Those matters remain outstanding.

As a result of not receiving the required information the Club was placed under a registration embargo and that position remains as the EFL seeks assurances that the necessary funds are available and for that funding to be placed in the Club.

The EFL’s position has been reserved and it is considering with its external advisors what further action should be taken under its Regulations. The EFL will make no further comment at this time.