Amortisation is of player contracts. It’s what they pay for the players divided by the number of years on the contract. So if a player cost 100m on a 5 year contract, then they will amortise 20m a season. If he renews then the remaining will be split over the new contract. So no they aren’t quite making money here. Big contracts, missing out on champions league (poor performances in the league for the last 10 years really) and constant dividends to the owners (uncommon in the industry) weigh down their finances.