Ipswich Town are currently on the rise as they have won seven of their eight games this season in the EFL Championship, despite just gaining promotion recently, find out more about their owners below along with the owner net worth
Kieran McKenna and Ipswich Town look set on conquering everything in their way as the team defies all odds with their win streak.
Ipswich Town owner details, ownership structure and owners net worth in 2023
๐จ BREAKING ๐จ
Marcus Evans Group has completed the sale of majority stake in Ipswich Town Football Club to Gamechanger 20, a US-based venture part-owned by three board members of Phoenix Rising FC ๐ต pic.twitter.com/5p03hAnaVY
— Football Daily (@footballdaily) April 7, 2021
Gamechanger 20 Ltd has started the process of acquiring additional land at Playford Road, the Clubโs training ground.#itfc
— Ipswich Town (@IpswichTown) September 25, 2023
Ipswich Town are currently placed second in the EFL Championship table with 21 points, right behind Leicester City who are ahead only on goal difference.
Ipswich Town owners
Prior to the current ownership, English businessman Marcus Evans held a 13-year reign over the club. He served as the club chairman and owner before a US-led group Gamechanger 20 Ltd bought the club for ยฃ40m. Three American-based businessman – Brett Johnson, Berke Bakay and Mark Detmer co-own the club and the trio already have experience after bringing success at Phoenix Rising FC in Arizona in recent years.
However, it is primarily, a US investment fund called ORG, which owns the majority of the shares. The company manages pension funds in the US pension pot and currently own about 90% of Gamechanger 20 Ltd. Edward Schwartz, who helped co-found the organisation in 1999 serves as the ORG representative for Ipswich Town.
Following the takeover, Ipswich Townโs debts of around ยฃ100million were effectively wiped out. Gamechanger 20 Ltd paid off ยฃ21m of the debt while Evans waived off ยฃ80m of what the club owed him. Moreover, the group agreed to invest further into the club, including plans for the redeveloping the changing rooms, canteen as well as the pitch at the training ground, all of which club manager Kieran McKenna requested.
Ipswich Town owners net worth
As of now, the exact net worth or financial power of the owners as a whole is not available publicly. However, following the sale of his club, Evans shared in a statement that the new owners had ‘deep pockets’. Meanwhile the new incoming chairman Mike O’Leary stated that the financial backing was ‘significant’.
Mark Steed, who is the Chief Investment Officer for the Arizona PSPRS Trust, that comes under ORG, shared about the takeover on Twitter and wrote:
โGod have mercy on League One, because we wonโt. COYB!!!โ
He further added: โOur fund is $13 billion and weโre holding $700m in cash. So, yeah?โ when a fan asked him about the financial resources.
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