New Gamechanger Shares Relate to Logistics of Takeover - Ipswich Town News

New shares issued by Gamechanger 20 Ltd, the new owners of the Blues, are understood to relate the logistics of the takeover which they completed earlier this month.

Earlier this afternoon, football finance expert Kieran Maguire tweeted that Gamechanger 20 has issued more than £18 million in new shares which we understand relate to the takeover itself, cash movements in ordert to settle the transaction, rather than any plans going forward.

Maguire subsequently speculated that the money could go towards paying some of former owner Marcus Evans’s loans.

Loans to Evans, who has a five per cent stake in Gamechanger, made up much of the pre-takeover debt of around £100 million.

As part of the £40 million deal concluded earlier this month, Town are debt free aside from around £400,000 owed in loan notes taken out with well-heeled fans in the period after administration in 2003.

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