Town step up search for new owners
THE search for new owners at Ipswich Town has been stepped up after a hoped-for takeover fell through.Blues chairman David Sheepshanks last night admitted the club could eventually fall into foreign ownership - but only if the new people met a very strict criteria.
By Derek Davis
THE search for new owners at Ipswich Town has been stepped up after a hoped-for takeover fell through.
Blues chairman David Sheepshanks last night admitted the club could eventually fall into foreign ownership - but only if the new people met a very strict criteria.
Sheepshanks revealed that there would now be no new cash investment this summer but the club was determined to carry on hunting for a substantial investment that would lead to a takeover.
It was revealed in April that the club was in takeover talks and hoped to complete a deal by the end of June.
But the potential new owners failed to formalise a bid forcing Ipswich to look elsewhere.
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Sheepshanks said: “It was not down to us but the other party's financial situation. They got close but could not crystalise it.”