The rules are...
E.48. If the PSR Calculation results in a loss of in excess of £15m then the following shall apply:
E.48.1. the Club shall provide, by 31 March in the relevant Season, Future Financial Information to cover the period commencing from its last accounting reference date (as defined in section 391 of the Act) until the end of T+2and a calculation of estimated aggregated Adjusted Earnings Before Tax until the end of T+2 based on that Future Financial Information;
E.48.2. the Club shall provide such evidence of Secure Funding as the Board considers sufficient; andE.48.3. if the Club is unable to provide evidence of Secure Funding as set out in Rule E.48.2, the Board may exercise its powers set out in Rule E.15.
E.49. If the PSR Calculation results in losses of in excess of £105m:
E.49.1. the Board may exercise its powers set out in Rule E.15; and
E.49.2. the Club shall be treated as being in breach of these Rules and accordingly the Board shall refer the breach to a n constituted pursuant toSection W of these Rules (Disciplinary)