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- Ipswich’s current CEO Mark Ashton will continue to manage the day-to-day running of the club.
- BPSP investment to support Suffolk team’s continued efforts to return to the Premier League
English second-division football club Ipswich Town has secured a “significant investment of up to GBP 105 million (US$132.5 million)” from US-based private equity firm Bright Path Sports Partners (BPSP). “It was confirmed.
The deal will see BPSP secure a 40% stake in the Suffolk club, which sits third in the Championship, just one point behind leaders Leeds.
As a result, ORG, which manages the funds of PSPRS (Arizona Public Safety Employees Retirement System), will remain the majority controlling shareholder with a 50% stake.
Ipswich’s current chief executive Mark Ashton will continue to manage the club’s day-to-day operations, with new investor Bright Path Sports “providing capital and strategic thinking that will be of great benefit. ”.
Ed Schwartz, co-founder and president of ORG, said on the club’s website: “When we bought Ipswich Town in 2021, we did so with the original aim of getting the club back into the Championship and being competitive at this level. That plan has always included acquiring the club. Get your partner on board at the right time.
“We feel the time is now for the club to progress and we are excited to welcome Bright Path Sports.
“Along with Mark Ashton’s continued day-to-day leadership, we are delighted that he has committed his future to the club and look forward to Bright Pass adding great value to Ipswich Town over the coming years. There is.”
Ashton believes the investment from BPSP will help Ipswich progress towards a return to the Premier League.
Mr Ashton said: “This day further secures the long-term future of the football club and will benefit from the wide range of skills and experience that Bright Path investors bring, giving us the means to take the club forward. ” he said.
“While this investment will continue to support the club in the medium to long term, its primary use in the immediate future is to support a number of key infrastructure projects, including the significant redevelopment of the Playford Road training ground. It is.”
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