Remember that the old board was a pension fund only interested in the bottom line.
TFC's new board are media owners, who have given the teams a new mandate to win.
Winning makes for full stands, more content dates, and better TV, and the ML$E deal was all about media.
Financial analysts can have the wool pulled over their eyes as long as the numbers are good. The new board knows better.
Of course, the numbers can't be that good, either.