The money wasn't there, the club is on a much much better financial standing now.
We were paying out £6 million in interest alone on our loans pre Moshiri, £20 million on other operating costs etc. As soon as Moshiri came in he cleared the balance sheet, now it's obvious why. There was/is a clear plan in place, one which maximises every financial avenue possible to further the club.
Yes we'll be going back into debt but the money we'all be paying out will now be for a new stadium. Our commercial revenues will greatly increase and I would guess the naming rights will mean the £14 million PA cost will be met with ease. It's a calculated risk but one that is easily manageable.
Anyone doubting Moshiri should note he's already spent close to £200 million of his own money (Buying 49% and clearly the debt). He's a billionaire but he's not on the uber billionaire wealth level, what he lacks in that area though he makes up for with his business know how. This is a decent deal for all parties involved and one that can really push us on.