E.18.
If any of Contract Years 2016/17, 2017/18 and 2018/19, the sum of a Club’s Player Services Costs and Image Contract Payments exceeds £67m, £74m or £81m, respectively, the relevant Club must elect to either: (a) be assessed by the Board on the ‘Prior Year Basis’ (in which case, Rule E.19 applies); or (b) be assessed by the Board on the ‘2012/13 Base Year Basis’ (in which case, Rule E.20 applies).
E.19.
Where the Club has elected to be assessed on the ‘Prior Year Basis’, the Club must satisfy the Board of any of the following:
E.19.1. that the sum of the Club’s Player Services Costs and Image Contract Payments has not increased by more than £7m when compared to the previous Contract Year;
E.19.2. that the excess increase, over and above the £7m referred to at Rule E.19.1, arises as a result of contractual commitments entered into on or before 31 January 2013, and/or has been funded only by Club Own Revenue Uplift as compared to the previous Contract Year and/or Averaged Three Year Player Trading Profit; or
E.19.3. that the excess increase, over and above the figures set out in Rule E.18, as applicable, has been funded only by Club Own Revenue Uplift and/or Averaged Three Year Player Trading Profit.
E.20.
Where the Club has elected to be assessed on the ‘2012/13 Base Year Basis’, the Club must satisfy the Board of any of the following:
E.20.1. that the sum of the Club’s Player Services Costs and Image Contract Payments has not increased by more than £19m (in Contract Year 2016/17), £26m (in Contract Year 2017/18) or £33m (in Contract Year 2018/19), as applicable, when compared with Contract Year 2012/13; or
E.20.2. that the excess increase, over and above the figures referred to at Rule E.20.1, arises as a result of contractual commitments entered into on or before 31 January 2013, and/or has been funded only by Club Own Revenue Uplift as compared with the like figures in Contract Year 2012/13 and/or Averaged Three Year Player Trading Profit.