So where was the money to come from for a rebuild without getting more revenue?
Enic have always said that they want Spurs to be self sufficient and not have to rely on a benefactor that will put debt against the club plus interest.
Hence the stadium, debt now, to be paid of over a long period of time.
Using THFC money to pay for something that THFC will own, and will continue to generate more revenue, well after Enic are gone.
This has allowed us to spend £250m on players in the last 2 years, plus employ a manager (that I didn't want) on £15m a year.
You can criticise Levy for a whole range of things, but the stadium, in and of itself, isn't one of them.