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.
Surely as he owns the stadium, he won't need to buy them..... Whoopsie daisy, I've done it again. I assume the council still own Portman Road?
Oh I know you'll produce 6 more Connor wickhams and get idiot clubs to buy them at hugely inflated prices. I wasn't aware that the production line was working that well but maybe I'm wrong
We are gathered here today to lay to rest. Ipswich town Footbal club It died as it lived, in tens of millions of pounds of debt.
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
You can be sure they will be thinking about what the future holds for their club (apart from Yorkie, who unless they get in the Premier League, couldn't give a stuff). I feel sorry for them. I hope they're ok.
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
lol excellent job. A paupers funeral for sure Now everyone back to carrow road, delias put a nice spread on. vol au vent, quiche and chicken legs all round!
its gone very quiet on the southern front tonight. do you think they are all writing letters to simon clegg again? god, they know how to protest them lot!!
Interesting title to this thread, we can answer, yes we're fecking grand, our poor (literally) southern neighbours are in quick ipshit.
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!
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.
'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.
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.
