Since my last statement in January we have been working hard to finalise the financial and legal agreements to allow the stadium redevelopment to move forward.

Work has continued behind the scenes, and things will be ready to start as soon as the agreements are finalised.

We were expecting to be able to make a further announcement around now, and I am sorry that we do not have more to tell you.

I appreciate it must be very frustrating for you as fans, but the one thing I am not going to do is make any rash decisions that could put the future of the club in danger.

We must make sure we get things right, and that takes time. I am not prepared to put the club at risk.

Too many clubs have gone ahead with stadium regeneration projects and ended up saddling themselves with huge debts or going into administration.

Hopefully we will be able to tell you more in the coming weeks.

Rovers will continue to play their home games at the Memorial Stadium during the redevelopment process, this will allow the club to minimise the disruption to supporters.