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Town Accounts Show Evans Waived or Settled £96m in Loans
at 11:13:21

Evans originally bought the Nationwide stand loans at a massively reduced rate when he acquired the club. These compounded loans he didn't make must be part of the £97m write off.Did he do this for the love of Ipswich or as a punt based on a quick promotion & repay. Who knows but the punt went wrong. He will have received the sale price which also reduces the loss. It was still a considerable investment & he's leaving in an orderly fashion which is to be commended.

The new owners have taken an educated gamble that our turnover & fanbase is massive for the division & if they offload the ridiculously paid current crop, they can compete for 25% of the wages. Hence all the players going & the new recruits surely on a minute % of their wages.

Any promotion pure upside. Starting debt free. Quite a sensible business for a pension fund.

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missyouburley

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