And we need your help to raise that money. “Because of that model we have that extra pressure to be self-sustainable, which we are,” says Palmer. Rising costs have left the fan-owned club with an £11m gap in their funding which urgently needs to be plugged. This type of firm is more likely to face cash flow issues that delay interest payments, or the company could go bust and be unable to pay any money back to investors. Palmer says that costs have risen due to issues with planning, groundwork and the price of steel but that the plan was always to borrow £7m to £7.5m. “When you see those numbers, you go ‘Woah, how did this happen?’ but it’s a very logical process that we’ve gone through,” he adds.
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