That article only talks about losses but we are missing one very important point. Wages. Wages should be less than 70% of the turnover. Article did touch about that point that contract signed before so and so date will be excluded but it didn't mention any numbers.
I for one haven't followed any of the Chelsea numbers, so any rough figures on what's the %.
As far as I know, the plan is to use the wage exemption clause for our second period of FFP monitoring. It allows us to ignore almost ?80m of wages as the players were already on big contracts before 2010, for one season only providing that we are showing a positive trend (which we have been). Seeing as we have huge wage packets that we're hoping to unload by the time that this exemption ends, it makes sense.