Mitaman fucked or cannot comply with the league's regulations? Are they the same thing?
I think they are at most 150m out, based on, they manipulated a payment to self of 150m to jump the regulation hurdle. The league called them out on it, so to play the signings they have to raise 150m from elsewhere. Presumably another sale of future broadcast rights.
This is not my area but I'd guess they will raise the money but the problems will come further down the line if they fail to cut costs further.
They are probably praying for a Super League breakaway.
That's my take on it but I'm far from certain it is a good take on it.