Ipswich Town Football Club has announced that they are on the verge of being taken over by billionaire businessman, Marcus Evans. The deal will see Evans own 87.5% of the club.
The day all Town fans have been waiting for has finally arrived and is sure to feel like a great weight lifted.
Evans will promise Ipswich’s future financial security by clearing Town’s £32 million worth of debt and generating £12 million through a share issue. Should all loose ends be tied up, it will free up funds for Ipswich manager Jim Magilton to spend in the January transfer window.
Ipswich Town Chairman David Sheepshanks spoke to itfc.co.uk: ‘Marcus Evans’ investment is potentially great news for Ipswich Town,’
‘We are pleased now to be able to make this announcement about the deal, that when completed, will enable further investment in Jim Magilton’s team building and our quest to bring Premiership football back to Portman Road.’
And yet even more good news for Town fans is that Jim Magilton will be allowed to continue in his job even with a new owner imminent.
Marcus Evans, who tried to purchase the company that produces the Daily Mirror, said :’Jim Magilton and the squad have made a terrific start to the season and will have my full support,’
‘I am delighted to be able to support the club of which I have long been an admirer. I believe that Ipswich Town has great potential to build upon its rich footballing heritage.’
Marcus Evans is likely to be a very low-key figure at the club after the news of the takeover has died down as he is renowned for not giving interviews. The takeover will also see David Sheepshanks remain as Chairman for the forseeable future.
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