I think people often begrudge others making money, even when they invest in the right things, it's a mentality thing. People expected BK to throw away his money and had no gratitude for him not taking dividends out of the club. Just like employment, no one is paying you for your pleasure, they are making money out of your work, or you'll be gone pretty quickly.
With an owner, the logic is fairly simple that investing now, can deliver a higher turnover long term and make a more valuable asset. With a stadium, it might cost £300m-£400m+, but you'll expect to realise the investment over next decade or two in increase in turnover from sponsorship, increased ticket prices, corporate facilities, food, drink etc.
But essentially anyone growing a club, is not doing it for a folly or a whim alone. For the vast majority, the control of a big club, means they can enrich other business interests through a raised profile, like a Trump presidency. Mike Ashley, Sportsdirect, Dave Whelan, JJB, US owners have other Sports teams they can promote.
The main exception to the rule is Chelsea. Abramovich wanted to get away from Russia with his cash, and he needed a high profile position to help secure his safety, and launder the money. The helicopter ride story is not the move of a man thinking about profit, he needed out quickly. He's since struggled to move them out of the stadium, they are somewhat reliant on trading to compete with clubs with a bigger turnover. They have overloaded assets in terms of young players to compete and control best players before they get there. Lukaku transfer was limited by restrictions from FFP not the depth of owners pockets or his willingness.
With Mansour at City, they have never ending pockets, and its a similar situation to PSG with Qatar ownership. In that billions spent are not a major issue, because it's much easier to enrich with a country than a business. The Qatar foundation sponsored Barcelona for years and was paying huge amounts. After a while someone with enough money, will notice others making profit from them in large quantities and take a longer term approach.
The cost of sponsoring top teams is forever increasing and you're not always going to be on the right horse. At some point, it makes sense to realise the value from the sponsorship money yourself, so they look towards club ownership. If you're spending £100m+ a season in sponsorship, why not invest that in a team you own and realise value at both ends of the deal. But it was probably also in part because of Barcelona's lowering profile in recent years.
But Moshiri's investment is in a very small elite group in terms of size and scale. We didn't have the new subsidised, council managed stadium paid for by tax payers, like with City and West Ham. We had assets on the field and it was the value of players like Stones, Barkley, Lukaku that made us look a side going places, but limited by stadium constraints.
With Moshiri in the steel business and having worked with Arsenal project, it's reasonable to expect that he was interested in us because of the demand and need for a new stadium. Even if he decides to slow down investment in the first team as we threw away too much money on players who don't appear to be major assets, while losing our best ones. The stadium is one of the main reasons he got involved, and as long as we are not relegated, turn to anarchy or he risks the threat of legal action, I think it's the main goal and potential earner for Moshiri and associates.
But in terms of level of investment, he's put in more than nearly anyone than City or Chelsea and while his threshold for withdrawal is lower than Abramovich or Mansour, I see worry that is understandable in circumstances. But I think the reduced aspirations are in relation to on field performance, relegation would change the costs and projections dramatically and that would start to undermine potential stadium. But barring the worst case scenario's, I think the stadium is the main part of the project and while he wants to compete ASAP, I think he will be happy settling for steady, stable growth in the short term.