Town Make Offer to Loan Note Holders - Ipswich Town News

Town have offered to buy back £2,396,000 in loan notes taken out by well-heeled fans over the last few years. The loan notes were issued in the seasons since the club's administration as the Blues sought to refinance.

Loan note holders lent the club £50,000-£100,000 each for a 35-year period in return for an annual dividend of 6-7.5%.

The club, whose financial situation is significantly stronger since Marcus Evans's takeover, have now offered holders the return of 75% of their loans to settle the debt early.

What to read next:

Akpom: I Always Had My Mind Set on Ipswich
Chuba Akpom has revealed he always wanted to sign for Town this summer despite nearly joining Championship rivals Birmingham City.

U18s at Palace
Town’s U18s face Crystal Palace at the Eagles’ training ground on Saturday afternoon (KO midday).

Ipswich Town v Sheffield United - Predictions
Have you predicted the Blades score yet? Seventy six per cent of TWTD members are predicting a Town win this evening, 14 per cent a draw and ten per cent an away win. The most commonly predicted result is a 2-1 win to Town with Hirst the first scorer but what do you think?

Gray in New Zealand Squad For U20 World Cup
Blues keeper Henry Gray has been named in the New Zealand squad for the U20 World Cup which gets under way in Chile later this month.

Akpom: Time to Kick On From Now
Town forward Chuba Akpom believes the Blues’ slow start to the season is not a cause for concern ahead of Friday’s match against Sheffield United at Portman Road.

Town Host Table-Propping Blades Targeting First Win
Town host bottom-of-the-table Sheffield United live on Sky on Friday evening looking to bring a number of unwanted records to an end (KO 8pm).

[Podcast] Life's a Pitch TV - New Podcast Now Online
A new podcast from the Life's a Pitch TV team is now available.

McKenna: I Can See the Thinking Behind Play-Off Expansion Proposal
Town manager Kieran McKenna says he can see the thinking behind the proposal to extend the Championship play-offs to six clubs.

McKenna: International Break Has Been Beneficial
Blues boss Kieran McKenna says the international break has been useful to help some of the recent signings settle in, however, with a number of regular starters away it wasn’t possible to do too much directly working towards Friday’s home game against Sheffield United.

McKenna: The Next Challenge is Building a Team Supporters Enjoy Watching and Are Proud Of
Town boss Kieran McKenna says the challenge is now to build a team that the club’s supporters can enjoy watching and be proud of following a “difficult” transfer window in which the squad underwent greater change than had been anticipated.