x

Bowden Confirms Extension - Ipswich Town News

Chief executive Derek Bowden has confirmed our earlier report that the share issue deadline has been extended for two further weeks. The initial cut-off point for applications was today at 5pm.

Bowden told the club site: "The deadline for the share application falls today but we have taken the decision that we wish to extend that deadline to July 7th.

"Following the appointment of Jim Magilton as the club's new manager, applications are still arriving and we're encouraged by the level of investment received so far, which is pretty much in line with our expectations.

"As a result, there is money available to Jim to strengthen the squad as promised. Over the next few weeks we expect to see this happen, but the money isn't burning a hole in our pockets. It will be used carefully, thoughtfully and tactically, as will be the case with any further investment.

"At this moment in time we don't believe it sensible to publish how much money is being raised, as buyers it would be foolish to give selling clubs an indication as to the size of our budget.

"In any event, the amount raised will be published in our annual report and accounts and made available to shareholders later this year."

The club is offering a maximum of £1.75 million worth of shares to existing shareholders, season ticket holders and Silver Club members, with the minimum purchase level set at £100.

What to read next:

U21s Defeated By Luton
A strong Blues U21s side was beaten 2-1 by Luton Town at Bent Lane in a pre-season friendly on Saturday afternoon with Tommy Taylor's first-half strike cancelled out after the break by a much-improved Hatters side.
U19s Draw and Lose Final Games at Czech Tournament
Town’s U19s finished lost one and drew one of today’s place play-off matches at the Zlaty Kahan tournament in Czechia.
Hirst: Early Confrontation Sign of Morsy's High Standards
George Hirst has revealed he almost came to blows with departed captain Sam Morsy early in his Town career, but believes the incident was illustrative of the high standards maintained by the former Blues skipper.
Former Town Defender Ndaba Set For Serie A
Former Town defender Corrie Ndaba is set to join Serie A Lecce from Scottish Premiership Kilmarnock, according to reports in Italy.
McKenna: New Coach Stanislas Comes Highly Recommended
Town manager Kieran McKenna has spoken about the additions of new first-team coach Junior Stanislas and set-piece analyst Michele Aragona.
McKenna: Young Will Bring Experience, Competitiveness and Edge
Blues boss Kieran McKenna says new signing Ashley Young can give the club different things in different areas, among them his experience, competitiveness and his edge.
Hirst: I Thought We Played Really Well, But Aberdeen Gave Us a Massive Challenge
Town striker George Hirst was pleased to add to his pre-season goals tally during the Blues’ 3-1 victory over Aberdeen at Pittodrie.
McKenna: Philogene Very Good Tonight, His Off the Ball Work Was Outstanding
Town manager Kieran McKenna was delighted with Jaden Philogene’s performance in the Blues’ 3-1 victory over Aberdeen at Pittodrie.
McKenna: We Got What We Wanted From the Game
Town boss Kieran McKenna said he got what he wanted from the 3-1 friendly win at Aberdeen and believes his side is in general on the right track.
McKenna: Nothing in the Air Regarding Omari's Situation
Town boss Kieran McKenna says there’s “nothing in the air” regarding Omari Hutchinson’s future with the forward having remained behind in Suffolk to train while the Blues were in Aberdeen for this evening’s 3-1 friendly victory.