Ipswich Town are today celebrating the announcement of a £44 million takeover which will see their £32m debt repaid and leave £12m for players.
I wonder though if the creditors who received just 10p in the pound a matter of five years ago when Ipswich went in to voluntary administration will see any of this cash ? Local businesses, other football clubs, even voluntary organisations were left high and dry by Ipswich at the time and it is a real slap in the face for Ipswich to now say they will spend £12m on players.
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