They have allowable deductions of around 35 million a year (infrastructure, academy, women, community) and they claimed Covid losses of around 40 million in 2022 (one of the few clubs to claim that in 2022, the rest just claiming 2020 and 2021) which the PL not surprisingly allowed apparently (but UEFA didn't, hence their fine). So even with those two numbers, they are well over the allowable losses of 105 million unless they have a much better than expected 2H (they won't) or they sell some players at a hefty profit (Mainoo to City for a cheeky 40 million in view of our new pally relationship?). No wonder they are pushing for new rules .....
I was joking about Mainoo. I think.