Ipswich Town fans unable to find £200 to buy shares in the club can now take advantage of a share-save scheme organised by the Ipswich Town Independent Supporters' Trust.
A number of fans approached the Trust when the club announced that £200 would be the minimum investment, concerned that they would not be able to afford to buy their stake in the club. Since then the Trust has been looking into ways of making it possible for fans to pay for shares over a longer period.
With this in mind, the Trust has secured funding for a scheme which will allow supporters to pay for £100 worth of club shares over a period of up to 10 months.
Trust secretary, Colin Kreidewolf, explains how the scheme works: "The Trust will buy a block of shares which fans will pay for over a period of 10 months, when the shares will be transferred into the individual's name."
Town chief executive Derek Bowden says the club is supporting the scheme: "The share issue is very important to the future of the club, hence we welcome the Trust's initiative enabling supporters who are unable to afford to pay for shares immediately, to spread the cost over a 10-month period."
Fans can join the scheme or find out more at the Ipswich Town First website or by contacting Colin Kreidewolf by email via colinkreidewolf@ipswichtownfirst.co.uk, by phone on 07968 876504 or by post: Share-Save, Ipswich Town 1st, PO Box 44439, London. SE1 2TW.
Although the club's cut-off date for share purchases is Monday, January 19th, fans have until Friday, February 6th to join the Ipswich Town Independent Supporters' Trust share-save scheme. There is a limited supply so it will be on a first come first served basis.