someone richer and dafter than him.

Ipswich have a goal of reaching the prem. Operating at that level will cost far more (see Hull?s financial position now). When they are currently running at a 10m operating loss and that is forecast to be much worse next year, then money has to come from somewhere ? ie more loans. ME wont just give them money, firstly as it puts him out of pocket, secondly as they would lose money to the tax man. If it?s a loan then it is not taxable.

So the financial position at Ipswich only has one way to go. And that?s further south of the border than they are now!

If some crazy billionaire buys the debt off ME that is the only realistic way of them getting around the dire situation (unless ME decides to become charitable and write off the debt)

Posted By: Tony Martin, Nov 3, 12:12:13