Town joint-managing director Ian Milne has insisted that Town are on a sound financial footing despite the club failing to pay local suppliers and players’ agents on time. The Blues announced a £9.8 million loss last week with the debt now up to £82.4 million but with owner Marcus Evans continuing to back the annual shortfall.
Rumours that suppliers are unhappy that bills have gone unpaid have been circulating on the TWTD forum for a few weeks.
An email from Town financial director Mark Andrews to a current players’ agent, and understood to have been sent to a number of others, leaked to the EADT, asks for more time to pay an already well overdue invoice: "We are having to readdress our next six months’ cash flow due to being let down by a debtor and are requesting assistance from you in this regard.
"Given our circumstances, would you be prepared to accept the following revised payment terms for your invoices?”
Milne said in a statement: "We endeavour to meet the payment terms of the companies and individuals we work with but at times during the year, just like with any business, there are delays in cash flow. This is income coming into us as well as expenditure going out.
"I’d like to reiterate though that the football club is on very sound financial footing with the support of the owner, who remains fully committed to seeing Ipswich Town achieve his and the club’s goal of reaching the Premier League.”