And that's why people will keep breaking the rules. A £7.6m fine against a £100m profit from being in the PL.
You can see where this will go wrong. Some owners will overspend but not get to the PL. They will then walk away and the club gets landed with a fine for the next owners to pick up.
Fines for the owners at the time of the offence and not being promoted would be more effective.
so a 6m limit was exceeded by over 30m.
Scary factor is also they felt the need for a 30m wage budget in the Championship. Maybe we can't afford to get promoted.
Also look at the other sides mentioned Bolton, Forest & Fulham. Once the sugar daddy owners disappear it really does get bleak.