LOL. You're both wrong actually although Dicke Davies is partly right in that our losses were over £100m.
Our aggregate losses were just over £150m before adjustments. We could knock £35m off that for FFP purposes making an aggregate break-even deficit of £115m. We were allowed to lose £38m so we were £77m short of meeting FFP. That figure is the definitive one and, whatever UEFA did, we still failed by that amount. Had we been able to offset our £80m wages, as agreed with UEFA, under FFP's Annex XI, then in principle we wouldn't have faced any sanctions. But we'd have still failed FFP by £77m.