£45 million over 35 years and for the remaining £10 million of the debt to incur no interest and not to be repaid unless the WRU or the Millennium Stadium Plc default or sell the stadium or enter into partnership with a third party within the said period of thirty-five years. As part of this deal with Barclays, the WRU Group cleared its debt to BT for the land on which the stadium was built. He also secured permission from the Millennium Commission, who had provided a grant for the construction of the stadium to obtain a sponsor for naming rights of the stadium on condition that the word Millennium remained in the name. WRU Group Chief Executive Resignation Moffett signed an extension to his contract which would see him remain at the WRU until 2008 in March 2004. However, on 29 September 2005 he announced his resignation to take effect on 31 December 2005. He cited personal and family reasons for his departure. Under his command the WRU went from making a loss of £3.7 million in the year he joined, to making a profit of £3.6 million in the year he left. The WRU decided not to replace him, instead sharing his duties between the Millennium Stadium manager, Paul Sergeant and WRU Chief Executive Steve Lewis. Although following the Mike Ruddock affair in February 2006, the WRU decided to replace him with Roger Lewis. Later involvement In 2014, Moffett drove a vote of no confidence in the WRU board of directors. While Moffett had enough backing to call a meeting, it was defeated 18-453. Politics Moffett first made political news in December 2018 when he attacked Jacinda Ardern and Winston Peters, the Prime Minister and Deputy Prime Minister of New Zealand, over a non-binding UN migration compact which the government supported. He called them "traitors" and "leftards" and said: "Next year will likely be your Annus Horibilis because we are coming to get you." These tweets, along attacks on other politicians such as Angela Merkel, received coverage in New Zealand and Britain due to his rugby profile. By the time of these comments, Moffett was a member of the New Conservative Party, and in January 2019, Moffett announced that he had been appointed to its board. Moffett's time in the board appears to have been short; by September 2019 the New Conservative's website no longer listed him as