Official Coca Cola Leagues Thread 07/08

[savill]

A MULTI-MILLION pound takeover of Ipswich Town was announced today.

The club announced it has been successful in attracting a significant investor whose investment will secure the financial future of the Club.

The proposed private investment from Marcus Evans, a successful businessman, involves the purchase of approximately £32million of external debt as well as an additional investment of £12million through the issue of new shares by the Club.

This will stabilise the Club financially, supporting it in its ambition of returning to the Premiership.

The investment is subject to contract, which is conditional upon the completion of due diligence.

The transaction will result in Mr Evans becoming the majority owner and shareholder (87.5%) of the Club; importantly, existing shareholders will retain their shares, albeit as a minority group.

The board unanimously believes the offer is in the best interests of all stakeholders and intends, subject to contract and due diligence, to recommend it to shareholders.

Full details will be circulated to shareholders in due course, after which they will be asked to vote on the transaction at a general meeting.

David Sheepshanks, chairman of Ipswich Town FC, said: “Marcus Evans' investment is potentially great news for Ipswich Town Football Club.

“The Board have been in discussion with Marcus Evans for some time. We are pleased now to be able to make this announcement about the deal, that when completed, will enable further investment in Jim Magilton's team building and our quest to bring Premiership football back to Portman Road.”

Marcus Evans, added: “I am delighted to be able to support the club of which I have long been an admirer. I believe that Ipswich Town has great potential to build upon its rich footballing heritage.

“The club has an excellent reputation, both on the pitch and off it, as part of the local community, and this has played a big part in attracting me here.

“The board has done a good job in difficult conditions under the stewardship of David Sheepshanks who will continue in his role as chairman, with the support of a strong executive management team.

“Jim Magilton and the squad have made a terrific start to the season and will have my full support.”

GET IN THERE! Absolutely ecstatic! The debts gone, and he's put 12m straight back in!

[King Ellis]

Well, it was a good run whilst it lasted. Fucking Carlisle.

[GA!]

From the looks of it, Grimsby lost again.

*remind me to C+P this post every week.

[Crybaby Bunting]

Only just heard the scoreline

At least one good northern team won today.

Carlisle for promotion? they just missed it last year and have been playing excelent this season

[Dan]

Only just heard the scoreline

At least one good northern team won today.

[GA!]

Scunthorpe player Martin Peterson is in the Northern Ireland squad. Not bad considering he was playing for Grimsby for a few months last season.

[GA!]

Grimsby Town are going to win this insignificant Johnstone's Paint Trophy! Take that Doncaster!

[Spee]

I think us beating Leeds at Elland Road was/is a better result personally.

[Adam]

Grimsby Town are going to win this insignificant Johnstone's Paint Trophy! Take that Doncaster!

Motherfucker

I havent seen any results tonight, did Bury BEAT Leeds!?

[9 to 5]

Yes.

[Adam]

Awesome.

[Dan]

We lost to fucking Morecambe.

All the League one sides in the northern section went out.

We where AWFUL.

[GA!]

Now we've just lost to fucking Morecambe.

Alan Buckley's going to be fired this week I'm sure of it. It's a shame because Buckley's a class manager with little to no resources to play with because John Fenty (the chairman) would rather spend money on 20000 seat stadiums no-one will go to and mansions to live in.

[Adam]

According to our programme today, there were more away fans at that game on Tuesday than there were home fans! Thats pretty sad, IMO.

We shouldve won again today, but I say that too often. Tranmere tried to play the man instead of the ball a lot, and its an opportunity wasted by us.

[britneyspearsisgod]

You're an ugly git, but you are coming through good my son

[GA!]

So... Grimsby just pulled off one of the bigger upsets of the FA Cup so far by taking out Carlisle. Neat.

Edited November 20, 2007 by God-Awful

[Adam]

I just heard that you've brought in Sam Hird on a months loan from us, did he play tonight?

Congrats on beating Carlisle too, doing pretty well in the cups this year

[Dan]

Forest Green dump Rotherham out, Barrow where seconds away from doing the same at Bournemouth.

We've got Hereford away after they beat Leeeedsss.

[King Ellis]

Forest Green dump Rotherham out, Barrow where seconds away from doing the same at Bournemouth.

We've got Hereford away after they beat Leeeedsss.

We'll just have to get you on Boxing Day as originally planned.

[Turbo Yannis]

Owen Coyle is set to be the new manager of Burnley, according to BBC and Sky Sports

Gutted