Bowden: CVA Over - Ipswich Town News
Chief executive Derek Bowden has told TWTD that to all intents and purposes Town's CVA is at an end. The club agreed the CVA (Company Voluntary Arrangement) with its creditors after exiting administration three years ago.
In an exclusive interview for TWTD issue 84 Bowden said: "It technically comes to an end in May but we made our final payment in September.
"That's it. All issues relating to the CVA are effectively over from now but officially over from May because it was May 2003 when we came out of administration. We've paid everything we said we would pay on the day we said we would pay it.”
Bowden also reveals how the two-year interest holiday negotiated last season could be extended to three years and gives details of the summer share issue, as well as other issues relating to his role at Portman Road.
Issue 84 of TWTD will be available from our sellers around the ground prior to kick-off on Saturday — by Sir Alf, Planet Blue and the Portman Road entrance to the Greene King Stand — or by post via a six-issue subscription here.
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