Ipswich get US investment of c£100m

[cheshiregreen]

Wow!

CLUB STATEMENT | BRIGHT PATH SPORTS PARTNERS

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www.itfc.co.uk

40% stake so Ipswich total value estimated at c£260m.. Guess there might be some nerves about size of stake being taken up but.....

Meanwhile we remain in the "looking for investors" club to help us compete financially with others in the Championship.

 

[IvyG]

Makes me want to vomit!

 

[daront]

Tbh we havent achieved anything in the championship for a big investment. Now if we were in top three with a chance of promotion i bet we would have investers looking around. The lure of the premiership is great. Unfortunately we are bottom half at best and have to rely on local investers or those with a plymouth attachment. And that is no slur on SH as i think he has been fantastic with Argyle.

 

[Argyleloyal]

Their latest accounts show last season wages was £19.8 million what is £91 for every £100 of income and was losing about £300K per week

 

[CarolinaGreen]

Money well invested I’d say.

 

[mervyn]

Their latest accounts show last season wages was £19.8 million what is £91 for every £100 of income and was losing about £300K per week

Doesn’t this break FFP rules? Or does this not apply in the Championship?

 

[Argyleloyal]

Doesn’t this break FFP rules? Or does this not apply in the Championship?

Not sure if it breaks the FFP rules because it’s done over a 3 year period of you breach them or not and I think in the Championship you can lose more money then in League 1 and 2

 

[Born green]

Have to admire them don't we, had a quality squad last season and managed to keep hold of them and their management team, added even more quality this season and looks like they are on their way to the prem.

 

[IJN]

Have to admire them don't we

Their latest accounts show last season wages was £19.8 million what is £91 for every £100 of income and was losing about £300K per week

 

[Born green]

Glad you are happy going back to league one being a sustainable club 😉

 

[IJN]

We certainly don't have to admire them, just look at those figures!

I'm jealous of them mind.

 

[Born green]

We certainly don't have to admire them, just look at those figures!

I'm jealous of them mind.

We are all jealous...seems like we are always the bridesmaid 🤣

They have done amazing to keep pace with Leicester and Leeds TBF and hope they go up

 

[TimHarris]

Their latest accounts show last season wages was £19.8 million what is £91 for every £100 of income and was losing about £300K per week

That’s a lot of money to be runners up to a team with no more than a quarter of their budget.

 

[Lundan Cabbie]

Doesn’t this break FFP rules? Or does this not apply in the Championship?

Not if it is converted into new shares. Simon Hallett has done exactly the same in the past only with smaller figures.

 

[memory man]

We are all jealous...seems like we are always the bridesmaid 🤣

They have done amazing to keep pace with Leicester and Leeds TBF and hope they go up

If they win tonight they achieve 90 points for the second season running.