I’m not sure I totally understand, but heres my attempt….!
Moshiri leant the club money at 0% for the stadium build. He the tried to claim interest on the loans and put that against PSR.
As far as I can work out, Moshiri tried to claim at the hearing that even though he loaned the money at zero % for stadium loans, the money actually came from the R&M and Metro bank loans so he could claim them for PSR as they were part of the stadium build cost. Moshiri claimed that if there had been no stadium build then he’d have paid the interest on these loans (as he had done in the past?) anyway, so they should go against PSR.
the problem is, that they only had Moshiris word for this and the paperwork on the loans didn’t back him up.
or something