I believe there are 9 different sanctions that UEFA can impose for breach of FFP and banning them from competition, ie the Champions League or Europa league, is one of them.
Bearing in mind they have failed at the CL, I would suggest that £49m is a drop in the ocean when you considered the players they probably need to make the next step up!
Asked and answered on so many occasions. Would breach EU rules on restriction of trade. Would be nice but won't happen. (Cue a host of Ukip supporters using this as a reason to vote for them!!!)
I agree that the £17m is a bit of a slap on the wrist for Man City but it's all very well them...