Supporters welcome investment news

IPSWICH Town supporters' club chairwoman Elizabeth Edwards has welcomed the news that Marcus Evans is investing millions in the football club.She said that although there were still several hurdles to jump, the supporters were optimistic that we do now see a conclusion to the uncertainty that has surrounded our club.

IPSWICH Town supporters' club chairwoman Elizabeth Edwards has welcomed the news that Marcus Evans is investing millions in the football club.

She said that although there were still several hurdles to jump, the supporters were optimistic that we do now see a conclusion to the uncertainty that has surrounded our club.

She said: “We are particularly pleased that existing shareholders are to be asked to remain involved, as we hold a strong belief that a community-based club is the right model for Ipswich.

“Of course existing shareholders have had their ownership diluted considerably, but the motivation of the vast, vast majority was not to profit, but to own a part of the club - a right that remains.

“The contribution of shareholders, as well as debenture holders, season-ticket holders and all other supporters, in saving Ipswich Town has been essential in enabling the board to find the right new investor to take the club forward.

“In other clubs, new investment has not always led to the kind of success hoped for, but we believe that, with the continuity and experience provided by David Sheepshanks and his executive team, Ipswich Town is better placed that most to take advantage of this opportunity.

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“In such changed circumstances, we wish all the very best to Jim Magilton and his staff, and hope that inevitable rumours of new signings will not be allowed to upset the great progress and fantastic team spirit that he has achieved.

“As a Supporters Club, we look forward to meeting Mr Evans (some of us have attended and, indeed, spoken at conferences run by his firm) and discussing how we can help to build Ipswich Town in the coming years.

“In short, this seems a very 'Ipswich Town' and proper way of resolving the club's financial difficulties and of providing us with a new future.”

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