Ipswich sale agreed
The board of Coca-Cola Championship side Ipswich have reached an agreement to sell 87.5% of the club to media entrepreneur Marcus Evans.
The plan to sell to Evans was announced in October by chairman David Sheepshanks and will see him clear the club's £32million debt and invest a further £12million into the Portman Road club.
Sheepshanks - who will stay on as chairman - told shareholders in an open letter: "This is an extremely good outcome. Marcus Evans has indicated a willingness to provide further investment were it to become necessary to achieve his and the club's aims."
The letter continued: "We wanted to find someone who would maintain Ipswich Town's culture and values.
"Marcus Evans has demonstrated his understanding of the club's heritage and the board believes the club's future will be safe in his hands."
The Ipswich board have called an emergency general meeting for December 17 where the deal will be ratified.
Manager Jim Magilton has steered the Tractor Boys to within a point of the Championship play-off zone this season and saw a 12-match winning streak at Portman Road ended on Saturday with a 0-0 draw with Barnsley.
