Ipswich Town managing director Ian Milne has revealed that Mick McCarthy will be given funds to strengthen the Blues’ squad from the sale of Tyrone Mings to Bournemouth.

The Premier League new-boys have paid an undisclosed fee, thought to be in the region of £8m for the former Chippenham youngster, with Brett Pitman (permanent) and Ryan Fraser (season-long loan) moving in the opposite direction.

Speaking ahead of pre-season training, which officially starts tomorrow, Milne told the club website: “We received a substantial amount of money for Tyrone and having spoken to Marcus (Evans) we both realise that it’s important we reinvest that money back into the team.

“It’s a shame to see Tyrone leave but it was a fantastic offer put to us by Bournemouth, especially with Ryan Fraser and Brett Pitman joining us as well, and it’s a great opportunity for Tyrone himself.

“Tyrone goes with our best wishes and I’m sure he will do well in the Premier League. Hopefully next season we can join him there.

“To do that we realise we need to give Mick as much backing and support as we can and that is why we will continue to invest in the first-team squad and the Mings sale will substantially help in building that investment.”