This is how it normally works.

The pension fund invests a small percentage in high risk/reward hedge funds.
The hedge fund manages billions in assets and they pick what to invest in not the pension fund.
Some stuff will do really well, some stuff will tank to zero.
Overall they hope to pick more winners than losers.
The Ipswich investment will probably be almost insignificant.
Would be interesting to see if the hedge fund or investment group has a history of asset stripping?

Ipswich/ME has no other choice. It actually seems like decent deal for ME to get some of his money back.

Posted By: usacanary on February 26th 2021 at 18:41:10

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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