Marcus Evans interestingly didn’t load them up with debt
Sheepshanks did that - primarily to build the two new stands (2000-2002) and to consolidate existing debt.
They signed an agreement with a company called Morley Investors (part of AVIVA) and borrowed tens of millions IIRC.
Ipswich were subsequently relegated, and financially looked like they were in serious trouble.
Marcus Evans actually bought the debt owed to Morley at pennies in the pound....if they had subsequently been promoted and the finances restored he could have received repayment of this debt at the face value. (Making a fortune).
Obviously didn’t happen!
I love being a small shareholder in NCFC and would hate for us to be taken over.
If the club need to raise large capital sums there is a huge reservoir of good will within the fan base to either buy shares of bonds (training ground in 2018).
Posted By: JoeyDeacon on February 2nd 2021 at 11:34:23
Message Thread
- Another takeover gone well (Other Football) - Duck, Feb 2, 09:29:22
- What i don’t understand (Other Football) - Henclrikus, Feb 2, 10:15:02
- Worrying (Other Football) - JoeyDeacon, Feb 2, 09:48:52
- Isn't this more or less the Marcus Evans model? (Other Football) - SimonOTBC, Feb 2, 11:22:38
- Marcus Evans interestingly didn’t load them up with debt (Other Football) - JoeyDeacon, Feb 2, 11:34:23
- That is interesting, thank you (Other Football) - SimonOTBC, Feb 2, 11:48:36
- Yes sadly for them that is exactly the position (Other Football) - JoeyDeacon, Feb 2, 11:52:31
- Definitely - promotion would have allowed him to extract the cash he put in on day 1 (Other Football) - SimonOTBC, Feb 2, 11:57:45
- Yes sadly for them that is exactly the position (Other Football) - JoeyDeacon, Feb 2, 11:52:31
- That is interesting, thank you (Other Football) - SimonOTBC, Feb 2, 11:48:36
- Marcus Evans interestingly didn’t load them up with debt (Other Football) - JoeyDeacon, Feb 2, 11:34:23
- Isn't this more or less the Marcus Evans model? (Other Football) - SimonOTBC, Feb 2, 11:22:38
- nothing has gone wrong yet (Other Football) - ghostof barry butler, Feb 2, 09:36:38
- "Yet" (Other Football) - Cardiff Canary, Feb 2, 09:56:30
- That's very well said (n/m) (Other Football) - Old Man, Feb 2, 10:18:49
- true (n/m) (Other Football) - ghostof barry butler, Feb 2, 09:58:09
- "Yet" (Other Football) - Cardiff Canary, Feb 2, 09:56:30
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