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The Price of Football

Ipswich Town takeover completed, Newcastle United fans ownership bid

The Price of Football

Guy Kilty

Sports, Business

4.92.9K Ratings

🗓️ 12 April 2021

⏱️ 62 minutes

🧾️ Download transcript

Summary

Kevin and Kieran look at the numbers behind the Ipswich Town takeover now it's been completed, find out why 17 National League clubs have supported the proposal to hold a vote of no confidence in the National League chairman and board, and analyse the reasons behind Newcastle United fans' bid to buy part of the club. Follow Kevin on Twitter - @kevinhunterday Follow Kieran on Twitter - @KieranMaguire Support The Price of Football on Patreon: https://www.patreon.com/priceoffootball Check out the Price of Football merchandise store: https://the-price-of-football.backstreetmerch.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello and welcome to the price of football, the show that looks at the money, behind the

0:15.5

beautiful game with me Kevin Day and Liverpool University's Kiran Maguire.

0:20.0

Kiran normally we have a little lighthearted chat here that reflects the football results

0:24.4

on Saturday but ain't happening. You can call me immature and solky as much as you want

0:31.6

this not happening. We've got a lot of questions today Kiran.

0:36.6

We're having to, yes. Yes, but we've also got some news. So before we get into the questions,

0:42.2

let's talk about these news stories. One of which is very, very, very important, probably

0:47.9

the most important story we've had on this pod for quite some time. But first of all, Kiran

0:53.3

and I believe, I believe you know some of these people but US investors have completed

0:57.8

their takeover of IBSWitch Town. Yes, this was a story which has been doing the rounds

1:03.7

now for just over a month. And IBSWitch Town have new owners in the form of game changer

1:12.8

20 limited but as always it's important to dig a little bit deeper. It turns out that

1:19.6

90% of that company is owned by an investment organisation which is ultimately funded by

1:27.0

the Arizona State Pension Fund, whom I'm not sure have got close connections to IBSWitch.

1:34.9

5% of the club is going to be maintained by the existing or the previous owner Maurice

1:40.8

Evans who as part of the deal has written off an awful lot of money that was owed to him.

1:48.4

I think the relationship between Maurice Evans and IBSWitch Town fans was fairly toxic.

1:56.1

They felt he didn't do enough for the club. I think he felt that putting a hundred million

2:01.0

pounds in was quite a lot. So he didn't manage it very well in terms of engagement. And

2:11.6

I do think this is an important thing for anybody that's involved with the club. We've

2:15.5

spoken to a few club owners now and those that reach out to the fans and say, this is

2:21.0

what we're doing, this is why we're doing it. Coming up a natter, you've got brilliant

...

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