Town have announced that the club's share issue had raised £1,332,880 at 5pm yesterday, the original deadline for applications. With applications still coming in, the club have extended the deadline until the end of the month.

Although the amount raised exceeds the minimum amount of £1.25 million as set out in the prospectus, it is likely to be lower than the club's overall expectations for the issue.

Town said in a press release this afternoon that they had received applications for 64,144 ordinary shares which alongside new loan notes makes up the £1,332,880.

The club are still receiving application forms and are therefore extending the closing date for applications until 5pm on January 30th which will be the final cut-off date.

Fans wanting to purchase £100 worth of shares over the next ten months can do so via Ipswich Town First's share-save scheme. Details can be found here.

Photo: Action Images via Reuters