Magilton offered new contract by Town
MANAGER Jim Magilton has been offered a new contract at Ipswich Town.Magilton has been reassured about his future and promised a pot of gold to spend following the announcement of a new owner taking over at Portman Road.
By Derek Davis
MANAGER Jim Magilton has been offered a new contract at Ipswich Town.
Magilton has been reassured about his future and promised a pot of gold to spend following the announcement of a new owner taking over at Portman Road.
Magilton can now plan for the future with confidence after weeks of uncertainty following the EADT revelation that fresh takeover talks were underway.
They have now come to fruition and although the deal has not yet been rubber-stamped that is expected to be a formality.
Magilton has the backing of new prospective owner Marcus Evans and has already started searching at different levels for fresh signings to make in the January transfer window.
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Town chairman David Sheepshanks, who will keep his role even though Evans will become the owner with an 87.5 per cent stake, said that talks had begun to extend Magilton's deal, which is due to run out next July.
Sheepshanks said: “We are in discussion with Jim about a new contract and hopefully something will be agreed very soon.”
Magilton said: “It's very exciting. Probably the best news this club has ever had and I certainly welcome the new investment.”
Magilton will be able to attract players from a different pool than before, although not all the £12m put into the club on top of the money used to write down the debt, will be made available for his playing budget.