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The arrival of Tony Bloom’s millions has saved the club's Falmer Stadium dream, Albion chief executive Martin Perry said.
Without the entrepreneur's interest-free long-term loans, the new stadium could not have been built.
Mr Perry, speaking on the phone from his holiday in Egypt, said: “It has taken all the uncertainty out of the development.
“It is fantastic because the funding is secured, it's there and it's available to pay for the building of the stadium and to cover all the costs now.
“It gives us our stadium. We would not have the stadium without him. In the current financial climate with banks not being prepared to lend, there was no other way of funding the stadium.
“We suffer losses while we are at Withdean and those are being covered as well, so we are in a fantastic position.
“It's massive news for the club.”