Joint-MD Ian Milne has confirmed that the cash from the sale of left-back Aaron Cresswell will go to manager Mick McCarthy towards strengthening his squad with more signings on the way. Last week, Cresswell was sold to West Ham for an initial fee of £3.75 million, rising to £7 million after Premier League appearance milestones have been hit.
Asked whether that cash would go to McCarthy at this afternoon's press conference to announce the new Greene King sponsorship, Milne said: "Absolutely. That will be reinvested in the club and we wish Aaron great success.
"I think it’s time for him to step up to the Premier League. I certainly see him as a future England left-back, I hope he does too.
"We wish him well, but with the players coming in and our existing squad, we’ve the nucleus of a very good squad which Mick continues to build on. Also, Mick is signed up for another three years, so I think we’re fairly solid.”
He added: "It’s been an exciting time and hopefully there’ll be more [signings] to come as well. We are bringing more players in.”
One of those players looks set to be Notts County keeper Bartosz Bialkowski, although that deal is still to be concluded.