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ok, think i'm getting there.....sorry bit slow on this complicated topic! The £14.9m loss figure will therefore have included significant academy costs, even though these won't be part of the FFP calculation, and hence it should be possible to get within the £8m as we are being told. However...

does that really account for more than £6.9m! (14.9-8). If so we really were paying over the market last year

Thanks! In which case i'm interested to understand where the big savings have been made of 'bad spending'

I also believe that the costs associated with the academy/stadium have been expensed heavily into 12/13 accounts where possible and so probably don't represent anticipated ongoing losses.