Accounts will be published by December, 6-7 months after the season has ended. Fines will be applied in the following January and also a potential transfer embargo. Any retrospective points deduction will be impossible to implement.
Another good reason to stick within FFP is that we'll get a share of the fines from those that don't.
The best reason of all is that running at losses of 7-8m a year, even with 27k crowds, is a long term recipe for disaster.
Wrong. FFP accounts for player contract amortisation. So if a club signs a player for 2m on a 2 year contract, it counts as a cost of 1m a year when looking at FFP.
Penalties and fines will come when clubs file financial reports for 13/14 season, which won't be until December 2014.