New Director On Hold
By Aston
January 13 2006
Michael Anderson has offered not to take up his position on the Ipswich Town board following an article in a national news paper.
The club has accepted his offer while the situation is being reviewed.
The Club has issued this statement:
Michael Anderson has informed us of his brief involvement in two football clubs in the early 90's (
He has assured us that there has been no wrong doing on his part at any time and regrets that he did not reveal this information during the extensive interview process that we undertook.
Before being accepted as a director we took references and checks both through lawyers and accountants, which gave him a clean bill of health. He has also signed the new 'Fit and Proper Person' certificate as required both by the Football League and ourselves.
After satisfying these checks we accepted Michael's substantial investment in the Club in return for a 15% equity stake and offered him a seat on the board.
Club Chairman David Sheepshanks: “Although very disappointed that we were not made aware of Michael's previous involvement in football, despite our extensive interview process, we have actually seen no proof of any wrong doing on his part, indeed he claims the opposite.
“He has made a substantial and irrevocable investment in the Club in the hope that he can fulfil his ambition to be involved in professional football at this level. However, in order to minimise embarrassment, Michael has quite properly offered not take up his directorship that had yet to be ratified and we have accepted this until the matter is cleared up as I hope it quickly will be. His investment remains in the Club.
“This is a very unfortunate turn of events but must not detract from the good news of the week regarding the Club's improving financial position and our investment in the playing squad. All attentions are very much focussed on the match against Sheffield United.”
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