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New figures show Ipswich Town Football Club’s financial situation has improved since last year

PUBLISHED: 22:39 08 December 2014 | UPDATED: 07:51 09 December 2014

Ipswich Town players celebrate after fourth goal netted against Leeds United.

Ipswich Town players celebrate after fourth goal netted against Leeds United.

Copyright Ashley Pickering

Ipswich Town Football Club’s financial losses fell in the last year, newly published accounts have revealed.

The overall loss made by the club in the year ending June 2014 was £7.1million compared to a loss of £9.7million in 2013.

However, the club’s debt has increased by £3.5million to £86million.

The sale of left back Aaron Cresswell to West Ham in the summer could be worth as much as £7m in Town, depending on appearances and other milestones written into the contract. This sale will not figure until next year’s accounts.

These figures were presented at the club’s annual general meeting held at Portman Road last night.

Ticket sales were lower than last season due to reduction in attendances.

However, the club takes pride in the fact that their attendance remained higher than the average Championship attendance of 16,555.

The amount spent on wages was £13.9million compared to £15million last year.

This is reflected in the club’s direct costs which reduced from £17.8million in 2012-13 to £16.7million this year.

The club’s debt has risen from £82.4million to £86million.

However, ITFC are not in debt to any financial institution, and £38.1million of their debt represents the ongoing funding and player investment provided by owner and chairman, Marcus Evans.

We have assembled a group of Town fans to predict the outcome of Ipswich games and have their say on what’s going on at Portman Road.

Dominic Iorfa knows the best way to respond to criticism from the stands is by proving his worth to the Ipswich Town supporters on the pitch.

Ipswich Town have confirmed the signing of midfielder Stephen Gleeson on a free transfer from Championship rivals Birmingham City.

Mike Bacon takes at look at how the Video Assistant Referee is working in football as asks, is there too much technology in the game now?

Ipswich Town have signed defender Cameron Carter-Vickers on loan from Tottenham until the end of the season.

In this week’s nostalgia we take a look back to December 2012, when Dougie Freedman suffered his first defeat as Bolton manager as Michael Chopra grabbed a last-minute winner for Ipswich at the Reebok Stadium.

Ipswich Town take on Bolton Wanderers in a Championship game at The Macron Stadium tomorrow. STUART WATSON previews the action.

Ipswich Town will announce the loan signing of Birmingham City midfielder Stephen Gleeson tomorrow morning.

Bundesliga side Werder Bremen are said to be one of a number of clubs considering a January bid for Ipswich Town loanee Bersant Celina, according to reports.

Bartosz Bialkowski and Cole Skuse will both be fit for Ipswich Town’s trip to Bolton on Saturday.

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