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They've already kicked in, Championship clubs had to submit their 2011/12 accounts to the FL by December 2012; the upper loss limit for this period is £12m, £10m in 2012/13, £8m in 2013/14, £6m in 2014/1. The prescribed sanctions (ie a transfer embago if the club remains in the Championship) are...

If we continue to run at an annual loss of around £8m (as is budgeted for 2012/13 according to PB) then this is spot on the FFP loss limit for 2013/14 so the manager won't have any more money, however much fuss he makes either publicly or in private. What PB has been trying to convey in recent...