Exactly right.
Even on @Diego numbers the stadium makes net revenue from day 1 so it creates cash for transfers rather than reducing it. Money spent on the stadium doesn't count towards ffp but revenue from it does.
Let's assume @Diego is right about the £200m cost of the sliding pitch. That increases interest charges by just over 5m per year and capital repayments are about 6m. So it needs to create £12m of extra income to break even. The two NFL matches pretty much do that by themselves.
i'm glad you mention this so you could have invested into the stadium AND the squad except:
you spent like 0 netspend since 2013 (not including this year) even though you premier league revenues have increased by tens if not 100s of millions alongside your multiple CL runs.
Something doesn't add up here if Levy wasn't funnelling the extra revenue into the stadium....