Explains all .. here ....
https://www.twtd.co.uk/ipswich-town-new ... -ownership
Looks pretty substantial to me
Towns funding source
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Re: Towns funding source
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.
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.
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Re: Towns funding source
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.
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.
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Re: Towns funding source
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.
Let’s hope we get more business smart rather than boasting about money.
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Re: Towns funding source
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.