Share offer might boost Town's finances

TOWN fans look set to be given the chance to help ease the football club's cash crisis after the collapse of attempts to sell Ipswich's star players.The financial squeeze at Portman Road is set to prompt the board to offer new shares to fans – which could help ease the club's financial headache.

By Paul Geater

TOWN fans look set to be given the chance to help ease the football club's cash crisis after the collapse of attempts to sell Ipswich's star players.

The financial squeeze at Portman Road is set to prompt the board to offer new shares to fans – which could help ease the club's financial headache.

The proposal is to be discussed with existing club shareholders within the next month or so – and details of such a scheme could be published during the autumn.


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Players and other staff at the club would be expected to buy shares to show their commitment to Portman Road.

Near-neighbours and arch rivals Norwich City have so far raised £1.5 million in a share issue launched at the end of last season – and the offer is to remain open until the end of next month.

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North stander Tim Foster wrote to The Evening Star suggesting that up to £5 million could be raised.

See tonight's Evening Star for full story…

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