I'm living in cloud cuckoo land? No, I think you'll find it's the chairmen of Bolton, Portsmouth and those others who have lived beyond their means for years.
You talk as if the authorities have simply dreamed up FFP without any legal consultation. I expect they have sought counsel and believe...
I agree with TB above. If it can be proven that clubs have flouted the rules and gained an unfair advantage while the authorities have done nothing about it there will be a legal challenge from the law-abiding clubs.
I think it will be a total mess for a 1-2 years as penalties are imposed and...