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Marcus Evans potentially writing off all of the debt owed to him 16:35 - Mar 3 with 1169 viewsBlueBlood90

I'm not the most savvy when it comes to big financial transactions like this takeover.

Obviously I've read all the articles regarding the takeover and seen about Evans potentially wiping the debt clean.

Is it really as straight forward as that and Evans is just going to wave goodbye to £100m+ of money which is effectively owed to him?

It seems unfathomable how huge and important that would be for us if we're to move forwards and be successful in our new era.

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Marcus Evans potentially writing off all of the debt owed to him on 16:36 - Mar 3 with 1140 viewstractorboy1978

Looks like £100m odd written off in exchange for £17.5m-£30m (depending what figure you believe) + a retained 5% stake in the club.
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Marcus Evans potentially writing off all of the debt owed to him on 16:39 - Mar 3 with 1100 viewsWD19

Marcus Evans potentially writing off all of the debt owed to him on 16:36 - Mar 3 by tractorboy1978

Looks like £100m odd written off in exchange for £17.5m-£30m (depending what figure you believe) + a retained 5% stake in the club.


Just think of the tax benefits though.............
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Marcus Evans potentially writing off all of the debt owed to him on 16:40 - Mar 3 with 1081 viewsDubtractor

Marcus Evans potentially writing off all of the debt owed to him on 16:39 - Mar 3 by WD19

Just think of the tax benefits though.............


Hell yeah.

And that's before you think of the benefit in kind his brand has had from association with ITFC over the last 13 years.......

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Marcus Evans potentially writing off all of the debt owed to him on 16:41 - Mar 3 with 1053 viewsCoastalblue

But it was never a debt in real terms, it was the amount of money he was prepared to pay to fund us on an ongoing basis. For tax reasons (I assume) it was classed as a loan rather than money given over. Maybe football regulations had something to do with this too?

People always seemed to get very hung up on the debt figure, can't believe Evans ever really thought he would see any of it back unless by some miracle we had three or four Prem years.

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Marcus Evans potentially writing off all of the debt owed to him on 16:42 - Mar 3 with 1037 viewsCharlie_pl_baxter

No-one would buy the club with £100m of debt attached, so if/when the takeover goes ahead it will be with the debt written off. This way Evans gets something back from his investment and stops losing £7m a year. It's fortunate that the debt is owed to Evans, if it was external debt then we could only do this by going into administration.
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Marcus Evans potentially writing off all of the debt owed to him on 16:44 - Mar 3 with 1007 viewsCharlie_pl_baxter

Marcus Evans potentially writing off all of the debt owed to him on 16:41 - Mar 3 by Coastalblue

But it was never a debt in real terms, it was the amount of money he was prepared to pay to fund us on an ongoing basis. For tax reasons (I assume) it was classed as a loan rather than money given over. Maybe football regulations had something to do with this too?

People always seemed to get very hung up on the debt figure, can't believe Evans ever really thought he would see any of it back unless by some miracle we had three or four Prem years.


We haven't had this much debt all along though - had his initial plan worked we'd have gone up in the first 3 years or so and the club would have been worth a lot more than his investment. Same plan again with the new owners but from a much lower starting point!
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Marcus Evans potentially writing off all of the debt owed to him on 16:45 - Mar 3 with 989 viewsfooters

Marcus Evans potentially writing off all of the debt owed to him on 16:39 - Mar 3 by WD19

Just think of the tax benefits though.............


He must've made at least £100m through tax over the years, the clever bastard.

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Marcus Evans potentially writing off all of the debt owed to him on 16:47 - Mar 3 with 950 viewschrismakin

Could it be a simple case of whatever the Americans have planned. His 5% stake IS the debt value.

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Marcus Evans potentially writing off all of the debt owed to him on 16:49 - Mar 3 with 915 viewsfooters

Marcus Evans potentially writing off all of the debt owed to him on 16:47 - Mar 3 by chrismakin

Could it be a simple case of whatever the Americans have planned. His 5% stake IS the debt value.


A club valuation of two billion seems a little punchy to me.
[Post edited 3 Mar 16:57]

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Marcus Evans potentially writing off all of the debt owed to him on 16:52 - Mar 3 with 882 viewschrismakin

Marcus Evans potentially writing off all of the debt owed to him on 16:49 - Mar 3 by footers

A club valuation of two billion seems a little punchy to me.
[Post edited 3 Mar 16:57]


But what about the potential long term plans... housing developments. New offices etc etc. Plus the club.

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Marcus Evans potentially writing off all of the debt owed to him on 16:55 - Mar 3 with 850 viewschicoazul

Isn’t it the case that the original deal between him and Sheepy meant he could never sell the club for more than he paid for it..?

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Marcus Evans potentially writing off all of the debt owed to him on 16:55 - Mar 3 with 839 viewsfooters

Marcus Evans potentially writing off all of the debt owed to him on 16:52 - Mar 3 by chrismakin

But what about the potential long term plans... housing developments. New offices etc etc. Plus the club.


You value things in the present, not in the future.

The debt already belongs to Evans, he's just recouping some of the losses with the cash and the 5% punt.

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Marcus Evans potentially writing off all of the debt owed to him on 17:03 - Mar 3 with 747 viewsChurchman

Marcus Evans potentially writing off all of the debt owed to him on 16:49 - Mar 3 by footers

A club valuation of two billion seems a little punchy to me.
[Post edited 3 Mar 16:57]


When we’ve won the Champions League three straight years, you won’t be saying that. Bargain.
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Marcus Evans potentially writing off all of the debt owed to him on 17:05 - Mar 3 with 731 viewsjayessess

He's taking 30p in the £ on a debt that has no realistic prospect of being repaid.

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Marcus Evans potentially writing off all of the debt owed to him on 17:18 - Mar 3 with 642 viewsC_HealyIsAPleasure

Marcus Evans potentially writing off all of the debt owed to him on 16:47 - Mar 3 by chrismakin

Could it be a simple case of whatever the Americans have planned. His 5% stake IS the debt value.


Evans is never getting what he’s put in back, the club wouldn’t be sellable on the basis of having to pay him £100m or still owe it. It’s simply a pragmatic call of cutting his losses or accepting that he’s put in the money as a cost of running the club for the time he’s been here

Only he’ll know the exact motivations of keeping a 5% stake but presumably he either still wants to have a small interest or sees it as a way of getting more down the line should the new owners be successful in raising the value

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Marcus Evans potentially writing off all of the debt owed to him on 17:36 - Mar 3 with 551 viewsDerryfromBury

Marcus Evans potentially writing off all of the debt owed to him on 16:42 - Mar 3 by Charlie_pl_baxter

No-one would buy the club with £100m of debt attached, so if/when the takeover goes ahead it will be with the debt written off. This way Evans gets something back from his investment and stops losing £7m a year. It's fortunate that the debt is owed to Evans, if it was external debt then we could only do this by going into administration.


Exactly as I was explaining to the wife over lunch. Had it not been for ME (like him or not) we would have been insolvent many moons ago.
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Marcus Evans potentially writing off all of the debt owed to him on 17:40 - Mar 3 with 521 viewschrismakin

Marcus Evans potentially writing off all of the debt owed to him on 17:36 - Mar 3 by DerryfromBury

Exactly as I was explaining to the wife over lunch. Had it not been for ME (like him or not) we would have been insolvent many moons ago.


Altho apart from putting in a bit of lifeboat money every year. Hes barely put any time into the club.

Football structure wrong
Player contracts wrong
Academy set up wrong
Supporter links wrong
Commercial activity non existent
Community involvement.. thrown away

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Marcus Evans potentially writing off all of the debt owed to him on 17:40 - Mar 3 with 532 viewsStokieBlue

I think it's a pretty fair deal for ME.

He's put in 100m, he can recoup between 17m of that from the sale, X from the land near the training ground and then 5% of any future potential upside if we reach the PL.

He was never going to get his 100m back and he knew that so this way he gets back probably 25% to 30% of that and a speculative stake which could be worth zero or something decent in the future.

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Marcus Evans potentially writing off all of the debt owed to him on 17:48 - Mar 3 with 496 viewsWeWereZombies

Marcus Evans potentially writing off all of the debt owed to him on 17:36 - Mar 3 by DerryfromBury

Exactly as I was explaining to the wife over lunch. Had it not been for ME (like him or not) we would have been insolvent many moons ago.


Actually we were insolvent many moons ago...that is how Evans was able to step in and buy Ipswich Town in the way he did.

As for the debt that is owed to him I expect that if fortunes take a turn for the better and the club is flush with cash there will be a clause that Evans can exercise to kick off repayments, it is not just the Mafia that turn up mob handed.


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Marcus Evans potentially writing off all of the debt owed to him on 18:01 - Mar 3 with 436 viewsFixed_It

Marcus Evans potentially writing off all of the debt owed to him on 16:55 - Mar 3 by chicoazul

Isn’t it the case that the original deal between him and Sheepy meant he could never sell the club for more than he paid for it..?


Really? That doesn't tally with the idea that he bought us to get to the Prem in order to make a quick buck!

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