Ipswich Town takeover latest

Ipswich Town Takeover

Los Angeles-based businessman Brett Johnson and his consortium of U.S. investors are close to completing a take-over of Ipswich Town for £17.5million.

The League One outfit has been owned by Marcus Evans since 2007 but he has decided it’s time to hand over the reins to someone else after investing around £100million of his own personal wealth into the club.

It is understood that Evans has been locked in talks with Johnson & Co. and other parties for months. Johnson is the founder and chairman of sports investment fund Fortuitous Partners and private equity firm Benevolent Capital Partners. He is a co-owner of USL Championship side Phoenix Rising and he is launching another USL team in Rhode Island. He also has a small stake in Danish side Helsingor.

Evans has never publicly offered the club for sale but he has previously admitted that he would sell the club to someone “who would be prepared to spend more money on Ipswich so long as they are fully committed financially over a period of time to take the club up the league tables”.

It is understood that Evans is willing to write off any debts to enable the club to move forward.

There has been no official word from Ipswich Town, Evans or Johnson since these claims emerged.

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