Yes you are wrong. How can you write 303m in losses in 3 years, and then say "we're still gonna be crawling towards £105mill rolling 3 year losses"? We dont get to go backwards in time and 303m is WAY more than 105m. The only way ANY of that makes sense is if the FFP losses are nowhere close to the total accounts losses, which is literally what I've been saying. Again, if you don't understand how it works that's fine, but then stop pretending you do and needlessly confusing other people.
Chelsea lost something like 370m over 3 years, and no FFP violation. 370 is more than 105. Its because those numbers are not the important ones.