The issue is, from an orthodox reading of things we couldn't. However it would be almost a fire sale in an orthodox reading. Every problem is got around with Moshiri putting more in.
I suspect there is some contention about that, as it's not a logical way to run things. We all do this though, we assume how we might approach things is how Moshiri logically has to be (or other people). I do it a lot. People see the world very differently.
One thing I'll say, is that both Chelsea, and City probably ran cubs at huge losses (far beyond our, relatively speaking) for 5-10 years, but ultimately built an organisation that isnow worth multiple billion. I'm not sure how you grow an org to be worth around what say City/Chelsea are worth without adding a lot of debt in the short-medium term. If that was the plan it won't worry them.
I fully understand that there would be some anger at how mney was spent badly. However, you are really not going to choose Brands and Ancelotti, when we finally look on the brink of moving forward, to make a point that the club has wasted money so they get no more. It would be cutting off ones nose to spite ones face.
It ought to be added The Esk isn't the only one who's said the things he has, he's perhaps just the most well known. At some point people are going to have to stop with the "we are skint and have to sell" narrative, summer after summer, without ever really evaluating that after years of big spending, this may just be the new normal.
