Sale / Accounts / shareholders meeting

So Town have announced a loss of £5m or £6m as per.

Shareholders understandably furious.

Reports today that Evans is ready to cut his losses and sell for £35m (+ taking on. £100m of debt).

Anyone got some spare change lying around?

 

Unfortunately we're leaking ££££ on a weekly basis. Apparently our wage bill is over £18 mill - be it wages / bonuses / this / that / the other. Crazy £££ really, however a drop in the ocean in this league. Our attendances ( or lack of ) are really doing us ZERO FAVOURS. Not pointing fingers at anyone, heck I'm bored of this, your bored of it - we all are! But it's a big shortfall given our capacity is around 29,500 now and we're getting less than 16,000 regularly...

I actually look at football of a few leagues.

Top 6 prem.

Then the likes of Everton, established Premier league clubs down to 13 or so. Let's say Leicester West Ham Bournemouth.

Then to me, Premier league 2. 16 Premier League, down to top 14 Championship. The clubs in danger of dropping down, the parachute clubs, your championship clubs with ££££ to splash.

If you will, your Newcastle / Villa / Forest / Norwich and co.

After that, you have the likes of us. We're essentially tier 4 ( in my mind ) on the football pyramid right now. I don't like it, but that's essentially where I see us. Football has changed so much the past 20 years.

 

So Marcus is bored and wants out?Really didn’t see that one coming!!

 

https://www.twtd.co.uk/ipswich-town-news/34989/

Sadly doesn’t look to be happening.

 

The editor of that article forgot to put a comma after the word rubbish

 

That’s game over, comment of the century and it’s only 2018.

 

I think relegation might well tempt him to look at selling.. He has said before that he still believes that his 'plan' has potential to succeed in getting us promoted, but falling so far would be a kick in the teeth.. and one he might be willing to walk away from.

The flip side of that however is that not many multi millionaires would have us top of their shopping list, given we're not a large metropolitan area and not a very profitable proposition currently, so would expect that Marcus Evans will be captaining the good ship 'Ipswich Town' on a few more voyages yet.

 

Sky Sports reporting that Evans is willing to sell the club for £35m, but not wipe the £95m debt. Good luck with that Marcus.

 

You really have to question how the guy has been so successful (lucky?)in business.

 

Well because he’s a glorified ticket tout slightly different running a football club.

 

Unless he's offered a ridiculous amount, there's no way he's selling in the near future. First rule of economics, you sell when your stock is at it's peak, not when it's at it lowest value.
He doesn't need to sell, and as a businessman, he'd be better off waiting until either a) we're guaranteed to stay in this division, or b) we're getting promoted back to this division.
If he wants either his money back, or even a small profit, then he's going to have to splurge the case in January to get us up the table.

 

Well I can only comment on what I've seen of how he runs(down) our Football Club and based on that he's shown no business acumen at all.

 

Another two years and the stock will be a lot lower. I think it’s a damage limitation exercise now. Town don’t own the ground so soon there will be no saleable assets.