US-led takeover of Ipswich Town has happened (edited)

Here you can chat about everything and anything related to ITFC and other football issues. This forum also hosts the now Internationally famous TB.com ITFC match previews which contain insightful pre-match thoughts, previous highlights, news links relating to Town, form guides and other bits and pieces. Feel free to discuss meet ups/travel plans in here as well.

Moderators: marko69, Bluemike, Charnwood

hallamblue
Posts: 26394
Joined: Sun Mar 21, 2004 3:30 pm
Location: Ipswich Town F.C.

Re: US-led takeover of Ipswich Town has happened (edited)

Post by hallamblue » Sun Apr 11, 2021 2:35 pm

Suspect they will be at Towns first home game if the season in August , in front of close to 30k fans 👍

hallamblue
Posts: 26394
Joined: Sun Mar 21, 2004 3:30 pm
Location: Ipswich Town F.C.

Re: US-led takeover of Ipswich Town has happened (edited)

Post by hallamblue » Sun Apr 11, 2021 9:41 pm

Oh Yes Bring it on ...

Twitter by the

Chief Investment Officer for the Arizona PSPRS Trust


Mark Steed
@marksteed09
·
1h
God have mercy on League One, because we won’t. COYB!!!
Ipswich enter new era with £40m takeover by Gamechanger 20 | Ipswich Town | The Guardian

Ipswich enter new era with £40m takeover by Gamechanger 20
theguardian.com

hallamblue
Posts: 26394
Joined: Sun Mar 21, 2004 3:30 pm
Location: Ipswich Town F.C.

Re: US-led takeover of Ipswich Town has happened (edited)

Post by hallamblue » Sun Apr 11, 2021 9:44 pm

I actually love the fact they are tuned into the fan base already , eg “ COYBS”

We need a bit if good ole USA 🇺🇸 positivity, take no prisoners ... go get em, attitude 👍


Mind you on the flip side , American bosses take no sh*t either . You don’t produce the goods- your out on your ear !

User avatar
marko69
Global Moderator
Posts: 19669
Joined: Mon Apr 13, 2009 2:16 am
Location: Somewhere between here and there.

Re: US-led takeover of Ipswich Town has happened (edited)

Post by marko69 » Sun Apr 11, 2021 11:34 pm

hallamblue wrote:
Sun Apr 11, 2021 9:41 pm
God have mercy on League One, because we won’t. COYB!!

Don’t forget though....... ‘muricans can also be thick as mince at times. They probably think “League One” is the TOP league.

Heeeeeey, your Scottish. Where you from?
Edinburgh.
Oh yeeeeeah, that’s the capital of London, right?

f**king true story by the way.

hallamblue
Posts: 26394
Joined: Sun Mar 21, 2004 3:30 pm
Location: Ipswich Town F.C.

Re: US-led takeover of Ipswich Town has happened (edited)

Post by hallamblue » Mon Apr 12, 2021 8:24 am

:lol: :lol: Yes possibly true marko . I’ve put today’s post te our funding source on AC new thread .. they look pretty substantial.

Let ole Charny have a gander at it 😁👍

User avatar
number 9
Posts: 3611
Joined: Wed Feb 19, 2014 8:35 pm

Re: US-led takeover of Ipswich Town has happened (edited)

Post by number 9 » Mon Apr 12, 2021 3:28 pm

marko69 wrote:
Sun Apr 11, 2021 11:34 pm

Don’t forget though....... ‘muricans can also be thick as mince at times. They probably think “League One” is the TOP league.

Heeeeeey, your Scottish. Where you from?
Edinburgh.
Oh yeeeeeah, that’s the capital of London, right?

f**king true story by the way.
Two Scottish nuns
Two Scottish nuns had just arrived to the US by boat when one said to the other, "I heard that the occupants of this country actually eat dogs."

"Odd," her companion replied, "But if we shall live in America, we might as well do as the Americans do."

Nodding emphatically, the mother superior pointed to a hot dog vendor and they both walked towards it. "Two dogs, please," said one.

The vendor was only too pleased to oblige and he wrapped both hot dogs in foil. Excited, the nuns hurried over to a bench and began to unwrap their 'dogs'.

The mother superior was first to open hers, stared at it for a moment, then leaned over to the other nun and whispered cautiously, "What part did you get?"

User avatar
marko69
Global Moderator
Posts: 19669
Joined: Mon Apr 13, 2009 2:16 am
Location: Somewhere between here and there.

Re: US-led takeover of Ipswich Town has happened (edited)

Post by marko69 » Mon Apr 12, 2021 6:15 pm

:lol: But that’d be Irish nuns, surely. (Cue Airplane! quote)

Scottish nuns would’ve kidnapped the vendor and locked him in a stationary cupboard.

(Not that this is from personal experience or anything like that! :shock: )

User avatar
number 9
Posts: 3611
Joined: Wed Feb 19, 2014 8:35 pm

Re: US-led takeover of Ipswich Town has happened (edited)

Post by number 9 » Wed May 12, 2021 7:02 pm

New Blues co-owner Mark Detmer says the involvement of chairman Mike O’Leary and incoming CEO Mark Ashton are vital to executing their vision for Town.

Detmer, speaking to TWTD and Blue Monday in the first podcast of what will be an ongoing collaboration, says O’Leary was their ideal partner given his knowledge of the game over here and played a crucial role in the takeover.

“On our many trips to the UK, we were introduced to Mike O’Leary and Mike O’Leary’s role was paramount to the success of the acquisition of Ipswich.

“Mike was working tirelessly, his background as you know is at West Brom, he had the pedigree of running a Premier League club before.

“He’s been in private equity and he’s handled mergers and acquisitions and his skillset was exactly what we were looking for in having a partner locally with the experience and knowledge and the ability to execute our plan to acquire the club, Ipswich Town Football Club.

“Then Mark Ashton was exactly who we were looking for as a trusted advisor, as a president/CEO of the club.

“I think those two were really big keys for us. It’s not just about being US investors and coming over and buying the club, it’s about how we execute our vision for that club and we needed them as much as they needed us and wanted us to be partners.”

The structure of the club since the takeover sees Gamechanger 20 Ltd own 87.5 per cent of Ipswich Town Football Club Company Ltd with the other 12.5 per cent remaining in the hands of the PLC, the shareholding from the pre-Marcus Evans era.

The Three Lions - Detmer, Brett Johnson and Berke Bakay - own five per cent of Gamechanger 20 and Ohio-based investment fund ORG 90 per cent on behalf of Arizona’s Public Safety Personnel Retirement System (PSPRS) with former owner Evans retaining a five per cent stake.


O’Leary, Detmer, Johnson and Bakay are directors of Gamechanger, while Ipswich Town Football Club Company Ltd’s directors are now Bakay, O’Leary and long-serving financial director Mark Andrews.

Detmer says there’s constant communication across the Atlantic: “I don’t know if you’ve served on many boards, but this board is clearly not hostile. We’re aligned in our vision and in our mission in order to get the club back up to where it belongs in its former glory.

“Our interactions have been phenomenal, we candidly text and send messages and set up calls. We all like each other, which makes it a lot more fun, and I think that may end up translating into the success of the club.

“I’ve sat on boards that don’t function well and in organisations in general. It doesn’t just have to be a board where the people aren’t aligned or they don’t see things in a similar way and the results get muddled and it’s not what anyone would hope for and people get frustrated, you hit the wrong direction.

“This board is not like that at all. This board, we have people that are very genuine, they work tirelessly, we’re all considering the amount of time, energy and money we want to contribute for the success of the club.”

He added: “We interact quite frequently, especially right now, as you can imagine. The emails are practically daily. And we have a number of calls.

“The best news for us, and what gives all of us comfort on the board, is Mark Ashton’s leadership. He is phenomenal at what he does and in his vision for the club and [recruiting] the right people to see that vision through, so we sleep well at night knowing that Mark Ashton’s there at the helm.”

User avatar
Bluemike
Global Moderator
Posts: 23938
Joined: Mon May 18, 2009 5:26 pm
Location: Ipswich

Re: US-led takeover of Ipswich Town has happened (edited)

Post by Bluemike » Fri May 14, 2021 12:14 pm

Some of us were concerned about the investors possibly demanding profit very quickly, reading this should ease the concerns....

One concern fans may have is that the fund might be on a tight timescale to make a profit from Town. Detmer says otherwise.

“That’s the nice thing about pension funds, their time horizon is very, very long,” he said. “It’s not about trying to come in like certain groups that try to, I hate to say make a quick buck, that’s not a good characterisation, but to try to turn something really quick.

“They’re not at all like that. They’re very much aligned with us that we need to create the building blocks to go up to the Championship and at that point build the club and the support and stadium and everything around it going then to the Premier League.

“They’re aligned with us in that mission and that vision but they have a very, very long time horizon associated with it.”

Post Reply