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.

Portman Road
Read Next:
Clegg: Ipswich facing "challenging times"
You May Like
Recomended from Sports Mole

Loading ...

Failed to load data.

1Wolverhampton WanderersWolves28195450222862
2Derby CountyDerby28158544232153
3Cardiff CityCardiff28156740251551
4Aston Villa28148642251750
5Bristol City2813964032848
6Sheffield UnitedSheff Utd281441042321046
10Leeds UnitedLeeds28134114033743
11Preston North EndPreston28101263228442
12Ipswich TownIpswich28124124140140
13Norwich CityNorwich28107112833-537
14Nottingham ForestNott'm Forest28112153543-835
16Queens Park RangersQPR2889113140-933
17Sheffield WednesdaySheff Weds28711103034-432
20Bolton WanderersBolton2868142646-2026
21Hull City28510133945-625
23Birmingham CityBirmingham2866161639-2324
24Burton Albion2866162152-3124
Login, I already have my ad-free pass
Log in with Facebook to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account