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.
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Today Ipswich bosses were dismissing the reports as "untrue gossip."
Chairman David Sheepshanks was in meetings concerning his other business interests.
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"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?
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