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Ipswich confirm 'significant' investment from US-based firm
Championship promotion hopefuls Ipswich have confirmed a “significant investment” of up to £105m from US-based private equity firm Bright Path Sports Partners. The deal will see BPSP secure a 40% stake in the club.
As a result, ORG, which manages funds for PSPRS (the Arizona Public Safety Personnel Retirement System) remains the majority and controlling shareholder, retaining a 50% holding. Current Ipswich chief executive Mark Ashton will continue to manage the day-to-day running of the club, with new investors Bright Path Sports “providing capital and strategic thinking which will be of significant benefit”.
ORG co-founder and principal Ed Schwartz said on the club’s website: “When we purchased Ipswich Town in 2021, we did so with the initial aim of restoring the club to the Championship and becoming competitive at this level, with the plan always including bringing a partner on board when the time was right. The club’s progress means we feel that time is now and we are excited to welcome Bright Path Sports.” PA Media
