Town chiefs are set to meet the Football League on Wednesday as the club's expected exit from administration gets closer.

Town bosses have met with the League on a number of occasions throughout the administration period and this latest meeting will outline progress since creditors accepted the CVA proposal on May 2nd.

Club administrators Deloitte and Touche could go to court before the end of May to get the Town formally out of administration. June 4th sees a Football League board meeting where the the Blues will seek the return of their League share.

Once the share is returned the club's transfer embargo is lifted and Joe Royle will begin to bring in players, albeit on a meagre budget.

May is a very important month in the club's refinancing plans with season ticket sales and the debenture and loan stock schemes bringing in much needed cash.

The League, as well as Deloitte and Touche who will remain as supervisors of the CVA, will keep an eye on the club's financial situation post-administration.

Photo: Action Images

Ipswich Town Polls