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Ipswich publish press release re accounts. Income up slightly despite relegation on back of 5% rise in commercial income following Rod Stewart concert at Portman Road & shirt sponsorship but still bottom 6 by Championship standards. #ITFC @Benjaminbloom
Over last 6 years Ipswich total income £98m but wage bill £102m. Ave wage up last season by 'only' £200pw but again low by #EFL #Championship standards where average wage is £15,600 a week. #ITFC
Because wages>revenue Ipswich lost £200,000 a week @AndyhHolt in 2018/19, taking total losses in last 8 years to £68 million. Suspect total Championship losses could be close to £600 million last season as some clubs go for broke to get promoted. #ITFC
Because some players were sold at a profit this reduced the amount that tight fisted owner Marcus Evans put into Ipswich last season to just £1m. The Scrooge like owner has now lent the club £96 million interest free, clearly not enough. #ITFC
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