Club move fast to quash rumours
IPSWICH Town moved fast today to quash rumours that the club was on the point of calling in administrators.Rumours had started on internet message forums overnight that insolvency specialists Deloitte and Touche were about to take over the running of the club.
IPSWICH Town moved fast today to quash rumours that the club was on the point of calling in administrators.
Rumours had started on internet message forums overnight that insolvency specialists Deloitte and Touche were about to take over the running of the club.
Such a move is not uncommon in the cash-strapped world of the Nationwide League – both Leicester and Bradford have been in administration this season.
And Barnsley were relegated to Division Two last year while administrators were in charge. They are now in danger of going down to the league's bottom division.
You may also want to watch:
Today Ipswich bosses were dismissing the reports as "untrue gossip."
Chairman David Sheepshanks was in meetings concerning his other business interests.
- 1 Man arrested on suspicion of murdering Victoria Hall
- 2 Heavy police presence spotted in Ipswich as man arrested
- 3 Suffolk sprinter opens her 'dream' cafe at age of 25
- 4 9 bargain attractions within an hour of Ipswich
- 5 Rushmere man admits downloading indecent images of children
- 6 Hail, thunder and gusty winds forecast for Suffolk
- 7 Get lost in two sunflower mazes at this Suffolk farm
- 8 New Starbucks drive thru set to open in Ipswich
- 9 Suspect in Victoria Hall murder case still being questioned by police
- 10 Go-ahead secured for new hotel near Ipswich Town ground
"If there was anything in these rumours at all, do you think Mr Sheepshanks would be doing anything else but dealing with club matters?" said a club spokesman.
The loss of the lucrative Sky television money, set against players signing Premiership salaries during the club's successful first season in the top flight, has led to critical cash problems at Portman Road.
Despite the biggest crowds for years in the expanded stadium, the cash has not been coming in – and the failure to sell high wage-earners like Hermann Hreidarrson, Matt Holland, Finidi George, and Martyn Reuser has contributed to these problems.
n What do you think about Ipswich Town's precarious financial state?
Write to Evening Star Letters, 30 Lower Brook Street, Ipswich, Suffolk, IP4 1AN, or email EveningStarLetters@eveningstar.co.uk