They show that RFC made a big loss of around 23m 17-18 and the overall shareholder deficit (assets minus liabilities) is in the low 30s. Despite this, year 16-17 the club made a small profit which (I think) makes us safe from FFP (as is assessed over 3 years - acceptable losses are 5-13m per season).
However, I imagine the finances aren't too good for this season either.. in all likelihood the club will have to return to profit next season to avoid FFP.
All of the above is based on assumptions - it may be possible for the club to allocate some of yhe losses to areas they are permitted and avoid FFP that way. It also depends how much the owners have paid in to cover losses..
Attached is a summary from the company accounts...
Screenshot_2019-03-26-12-27-50.jpg (84.2 KiB) Viewed 981 times
no we are not !!! no external debt to speak of, owners that have just subscribed to £25M of new shares, a £60M loan facility, a profit last financial year (2017) - need i go on.........FFP might be more of an issue but i suspect the new training ground costs will be excluded and they must be substantial and unless capitalised are in the 2018 accounts (can't be arsed to look). suspect we are fine for rolling three years - might change as we go forward unless costs are cut but we have at least a year to sort this bit out