Did ip**** go into administration last year?

[TwoSheds 0]

Did Ipshit go into administration last year,or the year before? Whenever it was i dont really care,but just wanted to know if they did why didnt they get deducted points like Rotherham did this season?

[Rasputin was a C... 0]

I think they went in the administration not long before the rule came in that sides would be deducted points for it. Shouldn''t be much to worry about that as they won''t be staying up this season anyway due to them being useless = )

[Carrow89 0]

10th Feb 2003 was the date the paupers weaseled out of paying what they owed. After years of being propped up by two, over wealthy, upper class ''dipsos'' (the Cobbold Brothers) our third world neighbours found life without them a bit hard.

Unfortunately the response was to bring in another ''hooray henry'' in the shape of the terminally red faced Sheepshanks who proceeded to borrow heavily to get the club into the Premiership. More unfortunately, having massively underinvested over the previous decade or so, the buffoon was obliged to borrow yet another £25m to pay of the original debts and rebuilt the ground.The rest is pretty much well known.

Since then they''ve been missing payments left right and centre in a desperate bid to get back into the Premiership. The recent share issue was not put out to a full issue as the level of near collapse would have frightened off all but the most devoted of our simple neighbours.

Also worth taking a look at this piece which explains the mess they were in at the last share issue and then wonder at how bad things must be when even the club accepts that the position has worsened -

http://www.pinkun.com/Content/ncfc/Columns/rick/2003-4/031129Rick.asp

Saddening to think that there are clowns on this board that would have NCFC ran like this banana republic.

[ca 1]

Friday May 30th 2003

Ipswich have officially come out of administration after a Company Voluntary Agreement was agreed at the start of this month.

The CVA approvals were accepted by 98% of the club’s creditors on May 2 and the 28-day ‘cooling off’ period which is a legal requirement has now passed.

Ipswich were placed in voluntary administration on February 10 as they struggled financially following relegation from the Barclaycard Premiership and chairman David Sheepshanks believes the future now looks brighter.

[canary cherub 1]

They look like relegation fodder IMO even without a 10 point deduction.

[Carrow89 0]

It would be hard to imagine one of Europe''s most successful clubs, loved by hundreds of thousands having to face relegation. But there that''s Juventus for you.

Be no problem to see the back of our pompous, debt dodging, cockney wannabe neighbours.

Good riddane, I say