Page 1 of 1
Towns funding source
Posted: Mon Apr 12, 2021 8:22 am
by hallamblue
Explains all .. here ....
https://www.twtd.co.uk/ipswich-town-new ... -ownership
Looks pretty substantial to me
Re: Towns funding source
Posted: Mon Apr 12, 2021 8:59 am
by Tangfastic
Doesn’t really say how much we’ll get.
And I guess we’re not such a sound investment on paper to plough in an absolute shedload of money. If, after a period of time, they don’t see enough in us to start making a profit they could be forced to pull the plug. That could ironically be the best thing for us now as we need a real shot in the arm to get us moving in the right direction. A bit of added pressure. With Evans it seemed like we were sleep-walking where he was always there subsidising mediocrity season by season, but going backwards.
I think the new owners will have to invest to get things moving, though. No point thinking they can do this on the cheap. Completely different to the Evans era - these guys are here to make money and won’t hang around for 13 years.
Re: Towns funding source
Posted: Mon Apr 12, 2021 2:08 pm
by Kerry Blue
Re: Towns funding source
Posted: Mon Apr 12, 2021 2:22 pm
by TODD66
This is the bit that jumps out
Chief Investment Officer for the Arizona PSPRS Trust, Mark Steed posted a link to a story of the takeover on Twitter and wrote: "God have mercy on League One, because we won’t. COYB!!!"
Asked by a Town fan whether the financial resources were there, Steed replied: "Our fund is $13 bln and we’re holding $700m in cash. So, yeah?"
Hmmm - if only partially true this could be our game changer.
Re: Towns funding source
Posted: Mon Apr 12, 2021 2:39 pm
by Tangfastic
Completely different approach from O’Reilly last week when he wouldn’t give much info about the amount of money as it could harm negotiations. Bet there’s a lot of clubs and agents who want to do business with us now.
Let’s hope we get more business smart rather than boasting about money.
Re: Towns funding source
Posted: Mon Apr 12, 2021 3:15 pm
by number 9
Seems like there's been more talk about funding and less talk about revitalizing club structure of late. Money alone isn't gonna solve our problems for the long run. I hope the earlier reports of overhauling recruitment and club structure were not just smoke and mirrors. I just don't wanna see the new ownership waste money on over-rated players or brittle journeyman.
