We have the following:
1) A 10m + 10m + 40m Euro (49m) fine to be paid over 3 years.
This fine is supposed to taken out of our CL earnings (at source), but there is a caveat that IF we break even at the end of the year (and the year after) then we won't have to pay the fine for those years. So all being well, we pay 1/3 of that (20m euro)
Technically, we pay a 10m fine this year, and a 10 million fine next year. IF we fail to adhere to all the other stipulations, we will pay a further 40m fine.
We will pay either of the two options here regardless, so no problem there.
2) A salary and benefits cap for 2014/15 and 2015/16
We're not supposed to increase our salary (or benefits) above our current level for players AND general staff - but City are claiming bonuses don't fall under this. In my view, I hope they've got this bonuses interpretation agreed with UEFA.
IF we meet items 4 and 5, the 2015/16 cap will be lifted.
The Chairman seems to think we're ok on this, but this bonus issue worries me.
3) A transfer cap for 2014/15 and and 2015/16
The cap is 'calculated' in some way based on our net transfer position (strange term!) and is calculated anew each period.
The cap for 2014/15 calculation is commonly reported as 60m Euro (49m). The 2015/16 cap is assumed to have a different value because our 'new transfer position' will have improved. How the calculation works is not known to me, but clearly it should be an improved position, therefore an improved cap.
The chairman seems to believe this cap will be lifted in 2015/16 but this is could be clever word play. The cap might be lifted to a higher value, or (since we don't know how the calculation works) it might become void.
I assume the term 'net transfer position' is deliberately used to prevent City making pre-agreements to sign players in a 'have now, pay later' situation. That said a 'position' essentially means a commitment to buy or sell... so there's an argument to say agreeing to sell a player would also count as part of our position. But regardless, if we don't set up any fancy pre agreements to sell or buy players, then our 'position' should be pretty clear.
4) For 2013/14 we can only report a loss of up to 20m euro.
5) For 2014/15 we can only report a loss of up to 10m euro.
6) A limit of 21 players in CL for 2014/15 and 2015/16
IF we comply with 4) and 5) the 2015/16 restriction will be lifted.