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johnnywarksmoustache said:
The club and the debt is owned by him! He can't ditch us unless he wants to lose all of his investment. I'm not so stupid as to believe that he doesnt want to recoup his investment and make money far from it. After years of not being in the top flight the job of building it back into profit will be a great deal harder as every season ticks by. Evans is in this for the long term believe it or not thats up to you. Your budgie bias is obviously going to believe that he wont and arguing the toss about it doesn't make you right. Debt is good, bad debt is bad and we are more than able to meet our annual running costs and buy players. The big task set out by clegg has been to reduce staff wages including players to not exceed more than 50% of income. At the last AGM the plan was on track to deliver these savings in line with our long term fiscal plans. The longer we stay in the Championship the harder it will be to reach our objectives but that is true at every football club. We are not throwing silly money around on transfers and we shall be able to comply with financial fair play rules within 2 seasons.
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look up inter trading. He could leave before you get to the Prem and get most of the money he is owed. Not easily done, but possible. And i don't think he's in it for the long run, as he's charging you a rate of interest that suggests he's maximizing profit in the short term. Delia's loans to us are interest free. That's why i think ME's priority is making money, not ITFC's long term stability.
 
well done yorkie. i think your thread has had its aims fulfilled. i'm guessing you aimed to show norwich city up as being a badly run club with a crap pitch who are on their way down and that ipswich are a well run, money-making club who are on the verge of being promoted in our place. you must be really looking forward to playing on your amazing pitch (unless its cold that is) in the top flight once more, as we disappear into the lower leagues.

on second thoughts, i don't think you've achieved all those aims - still, at least you were right about our pitch! mind you, its still better than yours <laugh>
 
this is well worth a gander chaps. this was their results from 2010. interesting to see that the losses are increasing year on year since evans took over! ok, its not technically true, they made a minimal profit last season, but it would have been £18m without player sales and evans loaning them a further £7m (interest on top of this at 8%). it will be a loss this year due to not having anybody good enough to sell for £11m.

2009 - 12.5m loss
2010 - 14m loss
2011 - bizarre season - profit of £0.136m - would have been £18m loss without sales and loans

http://www.greenun24.co.uk/ipswich-town/town_announce_big_losses_1_727737
 
batterseacanary said:
look up inter trading. He could leave before you get to the Prem and get most of the money he is owed. Not easily done, but possible. And i don't think he's in it for the long run, as he's charging you a rate of interest that suggests he's maximizing profit in the short term. Delia's loans to us are interest free. That's why i think ME's priority is making money, not ITFC's long term stability.
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I think this, I think he may do this, he may do that! <doh>

<applause> great arguements well done!
 
Longsightcanary said:
Interesting title to this thread, we can answer, yes we're fecking grand, our poor (literally) southern neighbours are in quick ipshit.
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When Old Delia crokes it in a few years time you'll be ****ed, Lambert will have gone to a bigger club and you'll be in League 1 again without a pot to piss in. £30 Million in debt yourselves and relying on staying up next year when teams will have worked you out. The future is definately yellow! <laugh>
 
Well, I think we're all in agreement that this thread has proved beneficial

A board that setup to make us feel bad about a bubble that burst oe something, I forget. anyway it set out to destabilise us but has made us feel better about our club. It's been good to dealve in to how much trouble Ipswich are in.
 
johnnywarksmoustache said:
I think this, I think he may do this, he may do that! <doh>

<applause> great arguements well done!
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'could' not 'may'.

Point is, if you guys don't get promoted in the next few years then ME can get out of it without losing his money. Hence you aren't as secure as you might think.

He is taking 8% interest. Our owners loans are interest free. read into that what you will about which owner is more interested in the clubs success, and which is interested in more money.
 
johnnywarksmoustache said:
I think this, I think he may do this, he may do that! <doh>

<applause> great arguements well done!
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thing is, you can only say 'think' in your case too. you don't even know what he looks like. ok, we do know what he looks like but he doesn't know we know what he looks like. what we do know is that we know what he might do or know what he might not do, which as we know knows no bounds and we all know that no knowledge is no bad thing in this case. yes? no! anyway, now we've got that clear, there's no way now i've said that, no one can disagree, no? nay. see its simple really!

as warky says, his intentions might be good but they could equally not be.

:D
 
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