This is the relevant passage
"Emphasis of matter – new stadium project
Note 10 to the Financial Statements discloses that the balance sheet at 30 June 2015 includes capitalised costs amounting to £2,997,000
in connection with the proposed new stadium project. A number of important milestones, including completion of the site acquisition
and undertaking of the necessary fund raising process, remain outstanding before the project can progress to a construction stage.
Notwithstanding the lengthy timeframe for this project, and the risks and uncertainties involved, the Directors remain confident of
progressing the development. Accordingly, the Directors have concluded that it remains appropriate to continue to carry these costs in
the balance sheet. Given the significance of this conclusion to the overall Financial Statements, and without modifying our opinion, we
draw this matter to your attention"