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, Feb 2, 11:34:23
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