Papa Lazarou
Living in a De Zerbi wonderland
The next loss announced will be larger than 8 million, but don't forget that is Amex year 2, and so free of FFP penalty.
The following loss - this season, amex year 3 - is on track to beat the FFP limit ( 8 million ) I believe.
The FFP limit for the year after that is a 5 million loss, but no point in worrying yet about that as, who knows, we may be in the PL, and then the rules are different.
Yes, I'd imagine they will have loaded as much debt (actual or via accounting) into this last free year before they real penalties kick in. I'd guess at 10-12M loss.