Done!
FFP won't stop anyone. The numbers are so easy to fudge if you know what you're doing, and in an industry with so much money running in and out there's simply no way that even Championship clubs won't have a financial department capable of moving money around. A rich owner will spend money on his team, regardless of the FFP rules. A smart owner will do it through a company or a sponsor to make it look like the team is earning the money in a legitimate way.
It will probably hit the courts at some point, and I reckon FFP will probably be killed off.