Town have made a number of Companies House filings relating to shares which have been registered to ORG, the Three Lions fund and Mark Detmer individually over the last year as well as the cash invested over the course of the last year.

Some of ORG’s previously issued shares in Gamechanger 20 Ltd have been reclassified as non-voting rather than ordinary shares due to the manner in which they have invested the money.

The capital reduction from this change has required the club to issue a formal solvency statement.

The shares relate to money which has been transferred to Gamechanger 20 Ltd, the parent company of Ipswich Town Football Club Ltd, with Gamechanger in turn utilising the funds to acquire further shares in the club itself.

An additional Companies House filing for Ipswich Town Football Club Ltd, an allotment of shares to the value of £29,463,750 on June 30th, relates to that ongoing movement of cash from the owners through Gamechanger and into the club over the last year in monthly drawdowns of around £2-£3 million.

Town will now issue a confirmation statement reflecting the changes to the stakes held by the various owners, ORG, the US investment firm run by Ed Schwartz (pictured above) which manages funds on behalf of PSPRS, the Arizona pension fund which is Town’s biggest stakeholder, the Three Lions as a collective, the trio individually - Brett Johnson, Mark Detmer and Berke Bakay - and former owner Marcus Evans, who retains 420 non-voting shares through his Marcus Evans Worldwide Holdings (IOM) Ltd company.

Photo: Matchday Images

BlueBlood90 added 09:30 - Jul 12 Would anyone like to dumb this down for me please?
5

JonDouglas4Ballondor added 09:42 - Jul 12 Very quiet on the transfer front TWTD... I Trusty you have an article ready for some new signings!
1

ArnieM added 09:53 - Jul 12 …… and in plain lay terms that all means what ?🤷‍♀️
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TalkingBlues added 09:54 - Jul 12 BlueBlood90 - Keeping it simple, the Pension fund that owns have pumped in £30 million over the last few months (on top of the £14/£17 million'ish they chucked at us a while back for the pitch and renovations etc etc etc) so there should be money in the bank to cover increased costs and transfers etc
4

JackNorthStand added 10:06 - Jul 12 In layman terms? Perhaps consider including a summary at the end of the article.
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ElephantintheRoom added 10:11 - Jul 12 ‘Adding value'. Inflating the share value of the club, diluting their worth by making them non-voting - and looking around for mugs to buy them.
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Coastalblue added 10:20 - Jul 12 Another chance for the Elephant Of Doom to show off his ignorance.
7

Muncher added 10:22 - Jul 12 In simple terms Gamechanger pumped £2-3m into the club every month last year. They put in around £850k per month the year before that.
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PhilTWTD added 10:24 - Jul 12 JackNorthStand That was in layman's terms! I wrote it and I'm a layman. Basically, they've reclassified some of the shares, some new ones have been issued and they've lodged documentation to that effect and also showing that £29m was moved from Gamechanger to ITFC over the last year.
5

Stewart27 added 10:36 - Jul 12 Can Elephant in the room be banned please?
1

Europablue added 10:52 - Jul 12 Stewart27, what has he done that is so bad? It's not enough that he has a different opinion to most of us.
1

Sir_Monte_Carlo added 12:14 - Jul 12 Money people doing money moving type stuff.
4

RegencyBlue added 12:18 - Jul 12 Judging by his posts the Elephant of Doom is either Marcus Evans or a Norwich fan!
4

JewellintheTown added 12:55 - Jul 12 In layman terms it means it's ultimately to do with money and business and you don't need to worry about unless you're the type of person who understands this stuff. If you do understand it, you'll be glad to know everything is fine, so don't worry. If you don't, then all you need to understand is there's money in the bank for buying decent stuff for the club. Clear?

2

Europablue added 13:08 - Jul 12 JewellintheTown It's a sad reality of how unsustainable football is as a business, that we are fine with losing so much money. In our case maybe it is a legitimate investment with player sales and promotion hopefully making us more sustainable.
1

ImAbeliever added 13:46 - Jul 12 So lots of dosh to spend then! Been awhile.😂
1

Robert_Garrett added 14:50 - Jul 12 Nice to have seen a list of the fellow merry shareholders from 2002 before we went bust and CVA until 2006.......sad times
0

Ipswichbusiness added 17:40 - Jul 12 Translation: the Club is losing money and being supported by the owners.
1

jon_talbot56 added 18:41 - Jul 12 The nub of it is the club lost over £12m last financial year. No one makes money in the Championship so I would guess the plan is get to the Prem and then sell on.
1

ArnieM added 21:41 - Jul 12 I'd suggest they're aiming for the Champions League. ( that's where the pay back is) “ we are setting no limits to what this Club can achieve” MA
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MBG added 21:52 - Jul 12 After the Marcus Evans takeover most of the commentary was "Thank you Marcus for saving our club". Anyone who was a bit sceptical was dismissed as a Norwich fan or just plain stupid. Just a few years later the same fans who were in thrall to Marcus Evans were saying how he had ruined our great club. A bit of scepticism is a good thing so don't go rubbisihing people like Elephant and others like me who are uncomfortable with the way football clubs are owned and managed these days. I'm not saying Gamechanger are crooked or unethical but the fact remains they took over the club to make a good rate of return for the members of their pension fund. If our club does well and they get an offer that will deliver them a good return they will sell. It's as simple as that. The new owner might be the son of a dictator in some backwater country, a kleptocrat .... The reality is that even though the money the fans put into a football club through attendances, merchandise buying etc. dwarfs the money investors put in, the fans have absolutely no say in the way football is managed.

1

NorfolknWay added 22:33 - Jul 12 The club seemed to be going to pot under Marcus Evans. Now it's revealed he has 420 shares. A hazy picture is forming through the mist of what may have gone wrong for all those years ......
0

churchmans added 23:52 - Jul 12 Basically it means itfc are in safe hands and managed very well from board room to the field and off field JOHN TALBOT56 no guessing the owners stated when they bought the club was 'To sustain ipswich in the Premier leauge then sell' Atm we have a superb ownership and are very much going places! Enjoy the ride and days/nights out
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MoscowBlueMule added 08:55 - Jul 13 The club is in a lot lot healthier position than it was before the takeover. It looks scary when one sees at all the zero's being invested in cash related shares, but we have to remember the value of the ITFC asset is growing quicker than the monies being ploughed in. The stadium is worth more now its been tided up and the infrastructure vastly improved (state of the art pitch, large screen, land around the stadium acquired, better match day experience etc) the value of the playing squad is at least 3 times if not more, than it was during ME last season in charge) and of course the 1000's of extra fans enjoying matchdays and all the associated spin offs. ITFC Value - cash investment = well in the black. There is no guarantee they would sell, even when the club will reach it's highest value ceiling. They will be able to use the value of the asset to finance other income generating projects. With what we have been through the last 20 odd years, I'm a pessimistic Town fan, and like the many it all does seem to be too good to be true, but as hard as it is to believe, we are in a good place!

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