Blues chairman and CEO Mark Ashton has revealed the club recently purchased Marcus Evans’s remaining shareholding, ending the former owner’s association with the club.

Evans owned Town from 2007 until the Gamechanger 20 Ltd takeover in 2021 - and wrote off £100 million in debt to faciliate the deal - but kept what at the time was a five per cent stake, as well as some land at Playford Road, which the club bought back late in 2023.

As the new owners pumped in further cash in the intervening years, Evans’s shareholding was diluted down to only around one per cent with the former owner a silent partner with no involvement in the running of Town. As of 17th April this year, Marcus Evans Worldwide Holdings (IOM) held 420 non-voting shares.

Now, Ashton has revealed at this evening’s End-of-Season Dinner at Milsoms Kesgrave Hall that the club has purchased Evans’s remaining shares, finally bringing the conferencing millionaire’s unhappy 18-year association with the Blues to a close.

Photo: Action Images

RegencyBlue added 20:54 - May 19 Good! The man was a disaster for the club, despite what his apologists maintain, and finally removing any association with him can only be a good thing!
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Mark added 20:58 - May 19 I am glad that we can put that era behind us. There were many low points in the sad decline that led to us dropping to mid table in League One. Here is one...
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poet added 21:00 - May 19 Good news.
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Bergholtblue added 21:08 - May 19 Thank Evans that he has gone! Absolute disaster.
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Edmundo added 21:17 - May 19 Bet he never even looked for our results after 2021, let alone came to PR. Glad that terrible era is consigned to history.
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ghostofescobar added 22:28 - May 19 A low bar, but that is by a huge margin the best news of this season. A chancer, a charlatan, a stain on this clubs history, and forever the man that broke Ipswich Town Football Club.
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woodster added 22:38 - May 19 He wrote off £100m in debts that were owed to himself (because he charged 10% compound interest on the £35m of debt that he bought off the banks for just £7m!) so in effect he paid £7m for the debts that he then tried to make £93m from in interest payments to himself - good riddance!
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Gforce added 22:40 - May 19 We should be so grateful to our American friends buying the club when they did.If it wasn't for them ,we would undoubtedly be stuck in league two right now.
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blues1 added 22:53 - May 19 Regencyblue. There are no apologists for him. However, whether fans like to admit it or not, he did save the club when he bought it. And kept it afloat all time he was here. Clearly he never had enough money to do waht us fans would hsve wanted him to, and we all know the rest, of how he allowed tge club to decline. Bit he did also , let's not forget, write of £100m of debt owed to him. We should also remember tgst it was Sheepshanks who originally got us into financial trouble, and then chose Evans as the person to sell to.

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blues1 added 22:57 - May 19 Regencyblue. Cont'd. Unfortunately during his tenure Evans made some awful decisions, not sacking Mccarthy after thd Lincoln fa cup defeat, giving Lambert a 5 year contract in the middle of a terrible season, aswell as generally runningvthe club into the ground. Hopefully now tho, under the great ownership we have, no1 will ever feel the need to mention Evans in here ever again.

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Marcus added 23:17 - May 19 Damn! Who's going to paint the turnstiles?
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