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Which is the last day of the season, yet CPFC say he could play in the play-off semi-finals but not final?

I hadn't heard of this before either but am pretty sure you are correct. You'd never announce an emergency loan in January window as they'd only happen when the loan window re-opens. So it must be to do with this 2 clubs in one season rule. The only other possibility is the paperwork wasn't...

I don't think it will make any difference. This is only a loan by technicality, the deal is perm and a fee will have already been agreed.