in all honesty, i'm totally baffled by the total defiance from ipswich fans that somehow they are in a strong position. this appears to be based on us losing two of our last three games and them having no debt. at least the first half of that sentence is true, even if it is deluded to think its in any way going to affect which league either club are in next season! are you ipswich fans behaving like this simply because we are norwich fans and you wish to fight for your club or do any of you actually believe what you are typing on here?
I guess when they come to entering administration, those turnstiles might come in handy. Add some extra £'s to the value of their stadium..... Oh hang on, they don't own their stadium. Whoopsy daisy.
take away player sales and investment from your owner and thats an £18m loss last year. that is massive for a championship club. i really don't know where they got the money for the paint from... its not the best model for success i've heard if i'm being honest.
It's not even that nice. He bought the debt of Aviva for 20% of its face value, at 6.4m. You will repay him the debt once you are promoted. He is charging you a whopping 8 percent interest on the whole 32m every year until you are promoted. He's screwing you basically. In 2 years he's made back his entire initial investment. This is the furthest thing from free money you could get.
I guess they have plenty of space to stretch out as there's so many empty seats that coupled with the railings and it's all go at Ipswich! Pity our Bubble has burst eh, one day, we'll have those perfectly finished railings... one day...
thank you for spelling it out accurately battersea. will they listen? probably not - but they'll be the ones demanding answers when it goes tits up, not us. we'll be here for them though, to point and laugh
I wonder where, if Ipswich "Rode their luck" all the way up to the prem (Which is **** if we're in it but good if it's 1872 and Ipswich are winning something), all the promotion money would go? a) New players? Facilities? Stadium upgrades? b) A semi-legal offshore bank account in Marcus Evans' Dogs name Answers on a postcard.
The more you look at their finances the more nuts it gets! They seem to be paying 8% interest on the majority of their debt. Any money that ME gives for players is expected to be returned, (i guessing its not interest free!) and the only way they stayed above water for the last financial year was by selling off players. The only thing that seems to protect them is the fact that its an inter company debt, but that's not as safe as it seems. He could shift the debt as has been done before by intertrading, and offsetting his own debt against a tax loss of another company of his.
