Ipswich Town's new owners reveal manager Paul Cook will be given funds to strengthen his squad
The new owners of Ipswich Town have promised that transfer funds will be made available to manager Paul Cook.
A consortium called Gamechanger 20 Ltd – including a group named the Three Lions and made up of Brett Johnson, Berke Bakay and Mark Detmer, co-owners of USL club Phoenix Rising – completed the purchase of the League One club from Marcus Evans earlier today.
And they are keen to see the Tractor Boys promoted back to the Championship as soon as possible.
Johnson said in a statement: "We are humbled and excited to be investing in Ipswich Town, one of the finest clubs in the history of English football.
"We are proud of our success on and off the pitch at Phoenix Rising and are committed to restoring ITFC to its former glory.
"To this end, the first priority is promotion to the Championship and the management team will be given additional funds to strengthen the playing squad.
“The Three Lions have considerable experience in commerce and marketing, and in the medium-term plan to increase revenue at the club, but the short-term priority has to be the playing side, and we are committed to improving that, all the way from the academy to the first team."
The board of Gamechanger 20 Ltd will comprise Mike O’Leary (chairman), Ed Schwartz, Johnson, Bakay and Detmer. They will be joined by a UK-based CEO, an appointment that it is hoped will be made shortly.