But you are presuming. You can use the word 'estimate' to put a gloss on it if you wish, but you are literally presuming what's gone on prior to the accounts being published.
As for mitigations: yes the club rightly claimed for Covid in that sense...something the PL allowed for. I don't know, maybe you feel on other major mitigations like the club losing sponsorship deals because of a war was something they could have planned for...as per the Commission?
The whole thing has been subjective. As I said, there's no application of science here. No straightforward measurement of what gets you in trouble and what doesn't. And that feeds into my point that the PL has scope to charge or not charge Everton next time around. It will be a CHOICE, not something they'd do by reading off supplied figures with their own guidelines..as pathetically woolly as they have been.