Probably why ME did the deal.

From what I can see he is getting 30M with an agreement to write off the 100M but is also keeping a 5% shareholder stake. With tax write offs and creative accounting he might not be that much out. Especially if Ipswich start doing well and they flip the club.

Posted By: usacanary on February 26th 2021 at 16:34:08

Message Thread

Ah, I see Ipswich are getting rid of Marcus Evans and appointing a decent manager (n/m) (Other Football) - jAC, Feb 26, 14:24:05
- As I understand it the “debt” is internal to other ME companies so isn’t real (Other Football) - biffbro, Feb 26, 16:06:20
- How much is it going to cost to sack Lambert? (Other Football) - Trent_Canary, Feb 26, 15:51:28
  - Yeah,it'll be his last job for a while too. (n/m) (Other Football) - protheroe fitzgibbon, Feb 26, 15:55:37
- Yeah looks interesting. Debt wiped off. (n/m) (Other Football) - Yellalee, Feb 26, 14:46:37
  - If Evans wipes out 100+ million of debt then fair play to the fella (Other Football) - BSE Canary, Feb 26, 14:55:56
    - What do you mean about HMRC? Don't think it would cause a tax charge for ITFC (Other Football) - SimonOTBC, Feb 26, 14:59:51
      - And....does it actually say the debt would be wiped out? (Other Football) - SimonOTBC, Feb 26, 15:01:00
        
        Even with the debt wiped out that’s a lot for a league 1 club (Other Football) - Duck, Feb 26, 15:02:47
        
        Probably why ME did the deal. (Other Football) - usacanary, Feb 26, 16:34:08
        
        That's why I thought possibly they're buying the debt too (Other Football) - SimonOTBC, Feb 26, 15:06:08
        
        How dodgy does this sound (Other Football) - Duck, Feb 26, 15:17:06
        
        quite normal. (Other Football) - usacanary, Feb 26, 16:30:22
        
        Jesus,they've ripped off local businesses and if this fails they're nicking people's p (n/m) (Other Football) - protheroe fitzgibbon, Feb 26, 15:23:55
        
        Nah...that's up to the pension fund (Other Football) - SimonOTBC, Feb 26, 15:31:27
        
        This is how it normally works. (Other Football) - usacanary, Feb 26, 18:41:10
        
        Yes but they haven't got many saleable assets atm,so I'd (Other Football) - protheroe fitzgibbon, Feb 26, 15:38:21
        
        Not dodgy, but does suggest they'll be after a return on investment (Other Football) - SimonOTBC, Feb 26, 15:22:14
    - Yep (n/m) (Other Football) - jamesward, Feb 26, 14:56:34

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