Well known Scottish entrepreneur and star of hit BBC TV show Dragon's Den, Duncan Bannatyne, has officially distanced himself from any involvement with the Petone stadium development.
Speaking on the Yellow forums yesterday Bannatyne stated 'I'm Oot' in a tribute to his famous line from his television career.
This revelation must now cast serious doubt on the future of this project and leave Gareth Morgan's soccer team the Petone Phoenix perilously close to a collapse themselves.