MX23RW : Sunday, February 16 19:45:39| >> :120:25494:25494:

Ipswich Town suffering 'cash flow' problems

Ipswich Town are reportedly suffering from cash flow problems that mean they cannot pay several individuals and businesses.

Ipswich Town are reportedly suffering cash flow "delays" that mean they cannot pay several individuals and businesses.

According to the East Anglian Daily Times, an email sent by the club's financial director to a player's agent said that the Blues were having to "readdress" their cash flow over the next six months.

A statement has since been released by joint managing director Ian Milne, which reads: "We endeavour to meet the payment terms of the companies and individuals we work with but at times during the year, just like with any business, there are delays in cash flow. This is income coming into us as well as expenditure going out.

"I'd like to reiterate though that the football club is on very sound financial footing with the support of the owner (Marcus Evans), who remains fully committed to seeing Ipswich Town achieve his and the club's goal of reaching the Premier League."

An unnamed agent also told the EADT that if the club continue to be sluggish with payments, then "people will stop doing business with them".

The Suffolk side have won three games in a row and sit ninth in the Championship, two points off the playoff places.

They are the second tier's longest-serving side as they have not been promoted or relegated since they dropped from the Premier League in 2001-02.

ID:123365: cacheID:123365:1false2false3false:QQ:: from db desktop :LenBod:restore:2273:
Written by
Pascal Lemesre
Restore Data
Share this article now:
Portman Road
Read Next:
Clegg: Ipswich facing "challenging times"
>
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool25186160243660
2Arsenal25158251222953
3Nottingham ForestNott'm Forest25145641291247
4Manchester CityMan City25135752351744
5Bournemouth25127644291543
6Chelsea25127647341343
7Newcastle UnitedNewcastle2512584233941
8Fulham2510963833539
9Aston Villa2510873538-338
10Brighton & Hove AlbionBrighton2591063838037
11Brentford25104114342134
12Tottenham HotspurSpurs25931349371230
13Crystal Palace257992932-330
14Everton257992731-430
15Manchester UnitedMan Utd2585122835-729
16West Ham UnitedWest Ham2576122947-1827
17Wolverhampton WanderersWolves2554163554-1919
18Ipswich TownIpswich2538142350-2717
19Leicester CityLeicester2545162555-3017
20Southampton2523201957-389


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!