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There are no sanctions next year. They start in Season 2014/15. Total permitted losses next year are 8m, then 6m in 2014/15, then 5m thereafter. This is based on actual losses - not planned. If it were based on planned losses, Man City would say "we planned to only spend 10m on players this...

i. Sanctions for clubs remaining in the Championship Clubs that fail to comply with the Financial Fair Play regulations (from December 1st 2014) will be subject to a transfer embargo. This embargo will come in to force ahead of the subsequent transfer window beginning on January 1, 2015. The...