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Why are funds so tight at Ipswich? 11:48 - Jan 28 with 5791 viewsMercian

Marcus Evans, I thought, is a very rich man. I am not suggesting we go mad and fall foul of financial fair play and similar regulations but surely we do not have to sell our best players for a couple of £million and even pay a few million on bringing in new players. Can someone enlighten me on what the situation is? Thank you.
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Why are funds so tight at Ipswich? on 15:37 - Jan 28 with 833 viewsBlueBadger

Why are funds so tight at Ipswich? on 15:35 - Jan 28 by Jimmy86

Lambert did help take us down, but I think the damage had perhaps already been done, as Hurst had recruited too many players without championship experience. I think Lamberts recruitment has been quite positive. Things seem to be clicking at the right time


We'll probably get promoted in spite of him, not because of him, given how poor the rest of the division is.

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Why are funds so tight at Ipswich? on 15:45 - Jan 28 with 821 viewsitfcbam

If you had to spend 5-7 million to balance the books every year how much more would YOU spend??
Think the amount he spends isnt the issue its more a case of HOW it has previously been spent!
In order for a business to sustain itself it cannot keep losing money year after year. We also dont know how cash rich Evans is and how much of his wealth is actually tied up in businesses
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Why are funds so tight at Ipswich? on 16:35 - Jan 28 with 785 viewsOxford_Blue

Why are funds so tight at Ipswich? on 15:45 - Jan 28 by itfcbam

If you had to spend 5-7 million to balance the books every year how much more would YOU spend??
Think the amount he spends isnt the issue its more a case of HOW it has previously been spent!
In order for a business to sustain itself it cannot keep losing money year after year. We also dont know how cash rich Evans is and how much of his wealth is actually tied up in businesses


To date he has spent about £60-70 million of capital on the club. Player sales have been used to subsidise other costs. He has not taken any money out of the club - which is not surprising given it doesn’t make ANY money with the exception of one or two seasons - and then only due to player sales.

Anyone who understands business will see it’s a bad business to be owner of Ipswich, and it costs £6-10m a year for the privilege.
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Why are funds so tight at Ipswich? on 16:48 - Jan 28 with 770 viewsr2d2

Why are funds so tight at Ipswich? on 14:44 - Jan 28 by Oxford_Blue

Give it a rest. These wild and lazy pub allegations against him are not based on any evidence and have been shown to be nonsense. He hasn’t taken any money out of the club, but put £60-70m in, and any offset against his other tax is limited and he’s still worse off.


Not so wild as you think!
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Why are funds so tight at Ipswich? on 16:49 - Jan 28 with 767 viewsfooters

Why are funds so tight at Ipswich? on 16:48 - Jan 28 by r2d2

Not so wild as you think!


Go on...

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Why are funds so tight at Ipswich? on 17:22 - Jan 28 with 744 viewsOxford_Blue

Why are funds so tight at Ipswich? on 16:48 - Jan 28 by r2d2

Not so wild as you think!


So where is your evidence that he has taken money out of the club for his own gain or that the club is somehow “just a front” for something else (whatever that means).

As I say, unless you can substantiate these allegations, then apart from looking like a tit it’s also pretty unreasonable to slate a man who has kept the club afloat and subsidised tens of millions of losses. Several other clubs would have been grateful for this - ask a Bury or Chester fan.
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Why are funds so tight at Ipswich? on 17:59 - Jan 28 with 723 viewsBryanPlug

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Why are funds so tight at Ipswich? on 19:25 - Jan 28 with 686 viewsOxford_Blue

Why are funds so tight at Ipswich? on 17:59 - Jan 28 by BryanPlug

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Yes I will. It sounds impressive.

You spend £6-10m a year to plug losses and turn it into £15-20m.

It’s all about “tax and stuff and offshore stuff”.

Sorry for being too specific.
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Why are funds so tight at Ipswich? on 19:30 - Jan 28 with 675 viewsSwansea_Blue

Why are funds so tight at Ipswich? on 17:59 - Jan 28 by BryanPlug

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An ex-boss once justified a pay freeze on the grounds that if he paid us more we’d only lose more to the tax man. Is it a bit like that, but in reverse?

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