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Ipswich's new owners back club

Ipswich’s new owners are certainly backing the club as revealed the 2021/22 accounts analysed by Kieran Maguire.

Income £14.4m up 79%.   Wages £16.4m up 23%.  Day to day losses £12.8m up 9%. Player signings £3.4m. Player sales £2.6m.  Debt to owners £10m.

Underlying losses (before player sales and one off items) were highest for a decade. Total losses over the period were £89 million.  Losses can be reduced by either player sales or owner contributions. Player sales generated a profit of just over £2m but are unpredictable and volatile.

Player purchases of £3.4m high by League One standards, as are sales of £2.6m. Squad cost at 30 June 2022 highest for a decade. Since 30 June 22 Ipswich have bought players for a further £6m

Matchday income was highest since 2016, despite being in League One as fans return to Portman Road.  Broadcast income down as fans switch from iFollow during lockdown to attending matches in person.  Commercial income (including merchandise sales) highest for a decade.

Wages have been creeping up since entering League One.  Wages have exceeded income nine years out of the last ten. Wages are high by League One standards, low compared to those in the Championship.

Owners put in £14.25m cash into the club in the form of new shares, which helps to underwrite losses and invest in players. Since 30 June Owners have invested a further £18m

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