Ipswich Town are set for a transfer window spending spree after Chief Executive Simon Clegg iterated manager Paul Jewell will have funds available for new personnel.
This statement comes after the Tractor Boys posted positive financial results for the first time in two years. Pre-tax profits of £136,000 for the 12 months up to June are in stark contrast to the £14million and £10million losses posted in the years previous.
This new injection of cash will not mean the club will be throwing money around recklessly, as Clegg has said the money will be available, but only if manager Jewell can justify the purchases.
He said: “If Paul needs to bring in additional players and can convince the owner he has identified the players at the right price, then support will be there.”
Jewell will be looking to inject some new blood into a squad that has started the season inconsistently. Defenders will be high on the list, as Town have conceded a whopping 27 goals in 15 Npower Championship matches so far and have the worst goal difference outside the bottom five clubs.
Player sales are becoming more important to club finance as attendances to Portman Road continue to disappoint, and profits have been largely attributed to the sale of Jon Walters and Connor Wickham.
Clegg added: ”It needs to be caveated with the sale of Jon Walters to Stoke and Connor Wickham to Sunderland. That generated a significant amount of income.
“This is a bit of an extraordinary year. But any club in the current climate, with the current state of football finances, would be delighted to be showing a pre-tax and pre-interest profit.”News Now - Sport News