Town buyout finalised within days
BILLIONAIRE businessman Marcus Evans' takeover of Ipswich Town will be clinched this week. Club officials have announced that they expect the deal to be finalised within days.
BILLIONAIRE businessman Marcus Evans' takeover of Ipswich Town will be clinched this week.
Club officials have announced that they expect the deal to be finalised within days.
Chief executive Derek Bowden said: “Without tempting fate, I expect the deal will be finalised by the end of this week.''
The club will write to shareholders, calling an Extraordinary General Meeting, asking for formal approval for the buy-out.
Bowden added: “It is our aim to finalise the transaction this side of Christmas in order that money will be made available for manager Jim Magilton to strengthen the squad during the January transfer window.''
The purchase of Ipswich Town by Evans will wipe out the club's crippling £32 million debt, and an additional £12 million will be pumped into the club, a chunk of it becoming available for player signings to boost the team's push for promotion to the Premier League.
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The team celebrated the news last night with a 2-0 win over George Burley's Southampton at Portman Road, their 12th consecutive home victory.