BBC Sport football

IN ASSOCIATION WITH

Related BBC sites

Page last updated at 13:00 GMT, Monday, 3 December 2007

Ipswich takeover gets green light

Portman Road
Ipswich fans are hoping for a new era at Portman Road

A takeover of Ipswich Town by entrepreneur Marcus Evans has been given the green light.

The takeover will be rubber-stamped at an extraordinary general meeting of shareholders on 17 December.

Evans is set to take an 87.5% stake in the club, clear its 32m debts and inject an additional 12m.

The current Ipswich board is expected to stay in place but with less power, while three representatives of Evans are reportedly set to join the board.

In a letter to shareholders, Ipswich chairman David Sheepshanks described the deal as "an extremely good outcome."

He added: "We wanted to find someone who would maintain Ipswich Town's culture and values.

"Marcus Evans has demonstrated his understanding of the club's heritage and the board believes the club's future will be safe in his hands."




see also
Ipswich agree to sell 44m stake
31 Oct 07 |  Ipswich


related bbc links:

related internet links:
The BBC is not responsible for the content of external internet sites

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.