ITFC supporters club backs Marcus Evans as his wealth goes up almost 10% to £765milliom
PUBLISHED: 07:00 25 April 2015 | UPDATED: 09:20 26 April 2015
Ipswich Town's Supporters Club has said it is "great news" that owner Marcus Evans' wealth has gone up almost 10% - to £765million.
The man who controls Ipswich Town’s finances is now worth that figure – £65m more than last year.
As the club faces a tense final week in a season where their playoff hopes will either be met or denied, owner Marcus Evans’ net worth has increased, according to The Sunday Times Rich List 2015.
Supporters may now be thinking that Evans’ wealth plus promotion to the Premier League, which experts say is worth £100m, could begin a new golden era for the club last in the top tier of English football 13 years ago.
But Danny Clifford, partner of Ensors Chartered Accountants, said that much of his wealth was hypothetical, meaning it could only be used if assets – things like shares and property – are sold.
Mr Clifford said: “The Rich List is an estimate of wealth based on publicly available information and should be taken with a tablespoon of salt rather than treated as a definitive guide to someone’s wealth. That said, Marcus Evans is almost certainly a very wealthy man.
“A significant amount of the wealth figure is probably represented by his business interests and it is unlikely that he would want to realise this by disposing of all or part of his business.”
This season Financial Fair Play rules came in which means football clubs can only spend money they have coming in. The rules also prevent owners injecting huge sums to keep clubs afloat.
Liz Edwards, chairman of Ipswich Town Supporters’ Club, welcomed the news.
She said: “Stability of ownership is vital to on-field success. Club managing director Ian Milne said recently that Marcus Evans will continue to fund ITFC for as long as he can afford to do so.
“If the Sunday Times numbers are accurate, then it’s great news for Town fans.”
Evans will say in today’s programme for the Blues’ match against Nottingham Forest that he will continue to back the club he has owned since 2007.
“I will continue to ensure funds are available to offer similarly competitive terms for new players we bring into the club,” Evans said.“If we add to this a vibrant academy with players progressing into the first-team, we will have, I believe, a recipe for greater success.”
Evans’ wealth puts him fourth in the top 10 rich list for East Anglia. His company, which employs 3,000 “professionals” in more than 25 countries, was worth £700m last year and £625m in 2013.
His business covers a range of sectors including training, sports hospitality, TV and film.
The richest on the list is Kirsten Rausing and her family who despite being down £100m from 2014 their wealth still stands at £1,186m.
Ms Rausing, 62, is a major shareholder her family’s business, best known for its milk and juice cartons, and she is a well known horse breeder, owning two Suffolk stud farms.
The full list will be published in the Sunday Times this coming weekend. The list is based on identifiable wealth, including land, property, other assets such as art and racehorses, or significant shares in publicly-quoted companies. It excludes bank accounts, to which the paper has no access.