Magilton: Quality does not come cheap
JIM Magilton today emphasised the importance of attracting significant investment into the kitty of Ipswich Town.The Blues boss added his voice to the crusade to improve the financial situation at the Coca-Cola Championship club that is reported to be £36million in debt.
By Elvin King
JIM Magilton today emphasised the importance of attracting significant investment into the kitty of Ipswich Town.
The Blues boss added his voice to the crusade to improve the financial situation at the Coca-Cola Championship club that is reported to be £36million in debt.
Magilton made it plain to those who are currently working on reducing the club's debt - to allow fresh investment - the importance of finding him a sizeable player budget.
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“If you want quality you have to pay for it,” said Magilton.
“You have to back the favourites to get success - and this is why we are making every effort to sign striker Francis Jeffers.
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“Being able to bring in the right players - and we are not talking about current superstars - gives us the chance to lift the club where, or close to where, it should be.”
Town chairman David Sheepshanks this week confirmed the importance of new investment and pointing out that the three relegated teams - plus West Brom - will all have the benefit of £11million Premiership parachute payments next season.
But the indications are that despite the hard work currently going on behind the scenes the financial situation at Portman Road will not improve in the immediate future.
“West Brom were favourites to go up last season,” added Magilton. “But they didn't to prove that it is what happens on the field that counts.
“But having the capacity to bring in the players you want gives you a big advantage over the rest,”
Magilton has confirmed his determination to sign striker Francis Jeffers from Premiership Blackburn Rovers.
“Franny is a difference maker,” said Magilton.
“We know what he can do, and we know what he can do for us.
“I am adamant that I want to get my man and have faith that it will happen.
“We would like any deal to be completed as soon as possible, but I realise that it could go down to the wire.
“We must remain determined - but also show patience.
“In my fledgling managerial career no transfer has yet gone through smoothly.”