They've also gone through a stadium expansion which has cost in excess of £100m, this was completely financed by an extremely generous "loan" (this is closer to a cash injection really) from FSG. Without this there's no way they'd be able to spend at the level we're currently seeing.
It’s not making that much of a difference is it? A loan that size over 5-10 years is a small repayment. The only reason they used their own credit facility was because of the low interest rate which saved them £3m in interest per year.