RoyalwasterUpThePremRoyalwaster I'm pretty sure it does ...Clubs relegated from the Premier League will not be subject to sanctions in their first season in the Championship, as long as they have met their financial obligations under Premier League regulations. They would, however, be subject to the potential of a Fair Play Tax if they achieved promotion in the first season in the Championship whilst not complying with the FFP regulations.
http://www.epfl-europeanleagues.com/leagues_financial_fair_play.htm
So they have to hope they don't get promoted ...
I bet Alf's pleased..... Cut price offer £500 000 to bring him back........... We can promise him starts under the new regime and a special heated seat in the dug out (just in case!)