Steve Menary reports on the increasing shortage of City investors in football's surviving plcs
Sheffield United’s board must be pretty sure of promotion to the Premiership having turned to the Stock Exchange to raise £10.7 million early last month. A large slice of the cash is earmarked for players’ wages, but the club will plough £2.7m into a redevelopment of the corner stand at Bramall Lane due for completion in May and £1m towards buying a £4m health club in Staines. Chief executive officer Jason Rockett said: “We’re trying to create a new model for a club and produce off-field revenue with the club at the centre. It’s got to be a more sustainable business.”