Losses were as follows (for Reform Act Ltd):
2015/16 -£80.7m
2014/15: -27.3m
2013/14: -3.9m
(all from Companies House). So the three year loss is £111.9m, technically. BUT, for the FFP test there are items you can exclude from the losses - from memory, expenditure on youth development, and even some exceptional costs, which mostly made up the £81m most recent loss. In reality, any test of what the actual 'loss' is would be a negotiation - I imagine we'd argue hard for things to be excluded, but no idea how easy that is to do.
From the information publicly available, I think it's virtually impossible to calculate whether or not we will breach. The fact the club have mentioned it suggests (a) we are close but (b) that they have their eyes firmly on it. That means it should be manageable.
I feel like this summer has been sensible from that point of view. But, without having full view of everything, I'd expect us to hit big trouble with if we don't go up soon (perhaps an obvious statement!)