An unnamed Town fan says that his bid to the club of £500 for more than 7,000 shares was not a gag. Reports earlier in the week suggested the fan had made a joke bid for cash-strapped Town, however the supporter, who wishes to remain anonymous, says he is quite serious.
Town needed one more sale during the January transfer window to avoid going into temporary administration. However, Birmingham s bid for Jamie Clapham was the only one received before the window closed on January 31st.
At a press conference this afternoon, Chairman David Sheepshanks gave full details of the Club s bid to achieve a Company Voluntary Arrangement. Here is his statement in full:
Town Hoping for Tax Deal Tuesday, 25th Feb 2003 11:29
Ipswich Town, currently in administration, are hoping that a new law will help them to reduce the amount of money they have to pay the Inland Revenue and Customs and Excise.
The new Enterprise Act comes into force this April and will mean that the Inland Revenue and Customs and Excise will be downgraded from preferential creditors to unsecured creditors.
Leicester City took advantage of this change when settling their income tax and VAT bills earlier this season, a move which was not universally welcomed. Town s administrator, Nick Dargan from Deloitte and Touche, previously worked with Leicester, as well as Swindon Town and ITV Digital.