Ipswich Town
2026/27 spending-room estimate
PSRwatch estimates Ipswich Town's 2026/27 squad-cost ratio at 71% of football income - below the 85% Green Threshold. That leaves roughly £89m of annual squad-cost room before the 115% Red Threshold. Model updated: 23 Aug 2026 · Accounts data refreshed: 21 Jun 2026. These are independent PSRwatch estimates, not official Premier League calculations.
Room to the Red Threshold
Annual squad-cost room before the 115% Red Threshold - the primary line where sporting-sanction (points) risk starts.
The 115% Red Threshold is the primary sporting-sanction line. The 85% Green Threshold is the secondary levy / allowance line.
Room before the 85% Green Threshold, above which a levy / allowance charge (not a points deduction) applies to overspend.
Accounts wage bill (all staff), annual transfer-fee costs and other squad-cost items.
What this means for Ipswich Town
They are below the 85% Green Threshold, so no levy or sporting sanction applies on current estimates.
Confirmed transfers this summer have reduced remaining room by about £44m (+22.1 percentage points).
The old-PSR model is not expected to be the biggest issue in the 2023/24-2025/26 closeout window.
How Ipswich Town compare
Compare with another club →Ranked on PSRwatch's own 2026/27 estimates, not official league figures.
Why this club is in this position
2026/27 · Premier League Squad Cost Ratio - a PSRwatch model, not an official league finding.
| Football income | £201m |
| Squad cost | £142m |
| - of which wages | £102m |
| - of which amortisation | £34m |
| Player trading contribution | £5m |
| Room to Green Threshold (85%) | +£29m |
| Room to Red Threshold (115%) | +£89m |
- High wage bill - £102m a year is 72% of squad cost
- A sale would improve headroom - sale profit counts in the model straight away
- Higher football income adds room - every £1m of income covers more squad cost
- Lower wages (departures or expiring deals) reduce squad cost fastest
- Profitable three-year window - losses are not the issue
- No eligible owner equity found in the filings, so the £15m baseline allowance applies
Where to go next
Clubs in a similar position
Analysis on Ipswich Town
See Ipswich Town's financial forecast - the income statement, projected forward from filed accounts, with every figure traceable to its source.
Season view
ProjectionSquad-cost basisWhat does this mean?
Forward-looking squad-cost estimate for 2026/27, built from public filings, reported transfer data, provider wage estimates and PSRwatch assumptions. Subject to transfer, wage, revenue and rule changes. These are unofficial PSRwatch estimates - final regulatory decisions sit with the leagues. MethodologyTransfer effect
This table translates confirmed transfer activity into spending-room impact. A transfer fee is normally spread across the player's contract as an annual transfer-fee cost. Wages, signing fees, agent fees, loans and sales then change the live squad-cost position.
| Player / item | Move | From / To | Fee | Contract | Annual transfer-fee cost | Book profit/loss | Ratio movement |
|---|---|---|---|---|---|---|---|
| Abdul Fatawu | In | Leicester City | £20m | 4 yrs | £5m | £0m | +4.5pp |
| Arijanet Murić | Out | US Sassuolo | £6m | Sale/no fee spread | £0m | £4m | -0.9pp |
| Ashley Young | Out | External club | Undisclosed | Sale/no fee spread | ~£0m | ~£5m | -1.2pp |
| Cédric Kipré | In | Stade Reims | £4m | 4 yrs | £1m | £0m | +1.5pp |
| Chuba Akpom | In | Ajax Amsterdam | £8m | 4 yrs | £2m | £0m | +2.5pp |
| Cieran Slicker | Loan out | Barnsley FC | £0m | 1 yrs | £0m | £0m | -1.2pp |
| Daizen Maeda | In | Celtic FC | £8m | 4 yrs | £2m | £0m | +2.5pp |
| Elkan Baggott | Out | Millwall FC | £1m | Sale/no fee spread | £0m | £1m | -0.9pp |
| Emersonn | In | FC Toulouse | £24m | 4 yrs | £6m | £0m | +5.1pp |
| Florentino | In | Burnley FC | £16m | 4 yrs | £4m | £0m | +3.5pp |
| Issa Diop | In | Fulham FC | £8m | 4 yrs | £2m | £0m | +2.3pp |
| Kayne van Oevelen | In | FC Volendam | £3m | 4 yrs | £1m | £0m | +1.3pp |
| Kjell Scherpen | In | Union Saint-Gilloise | £8m | 4 yrs | £2m | £0m | +2.1pp |
| Saša Lukić | In | Fulham FC | £9m | 4 yrs | £2m | £0m | +2.3pp |
| Wes Burns | Out | Leicester City | £0m | Sale/no fee spread | £0m | £0m | -1.3pp |
~ Undisclosed fees use a PSRwatch modelling estimate to derive squad-cost figures. Undisclosed or estimated sale fees are not counted as real football income until reported or filed.
Football income
The squad-cost ratio depends on football income, so PSRwatch starts from the latest filed accounts and then estimates the 2026/27 income base.
2024/25
£188m low / £213m high
Reported sale fees only. £8m of undisclosed-fee estimates are excluded from income until reported or filed.
Latest filed revenue baseline: 2024/25.
Central forecast starts from the committed club forecast and splits football income using a league-typical modelled mix (about 18% matchday / 47% broadcasting in the Premier League) - the club's own filed mix will be used once its accounts disclose one.
Premier League participation is included in the broadcasting and commercial mix.
No UEFA revenue is included unless the club is flagged for Europe.
Low/high range is a deterministic +/-6% sensitivity around central football income.
Broadcasting income lifted to the Premier League floor of GBP 100m (was below it), adding about GBP 16m.
Squad-cost breakdown
Squad cost combines the club's accounts wage bill (all staff - a conservative stand-in for the League's player-and-coach definition), annual transfer-fee costs and estimated agent, signing, loan and bonus costs, compared with football income to give the squad-cost ratio estimate.
From the club's filed accounts: total staff costs including non-playing staff, bonuses and employer NI. The League's squad-cost test counts player and head-coach pay, so this numerator errs conservative.
Other rule frameworks
Ipswich Town are also measured against the older Profitability & Sustainability rules and, where they qualify, UEFA's squad-cost rule. Neither is the live Premier League rule for 2026/27 squad-building.
Old PSR result
No eligible owner funding is verified for this window, so PSRwatch uses the £15m baseline allowance - never an assumed maximum. Old PSR is the older three-year loss framework; it is no longer the live rule for 2026/27 squad-building. This is a public-data model, not an official league finding.
View detailed calculation
2023/24, 2024/25, 2025/26
GBP 5m per known PL/EFL season.
Total verified equity in the window - can exceed the amount the cap lets the model apply.
Capped at £46m above the baseline.
Room on the baseline allowance only.
Baseline + verified owner equity. Unavailable without verified funding.
If fully owner-funded to £61m - a labelled scenario, never the headline without verified funding.
League mix drives PL/EFL loss cap.
Owner funding note: Owner funding can affect financial resilience and, under the old PSR framework, support permitted losses. It does not automatically create new squad-cost room under the revenue-linked SCR model. Old PSR allows higher losses only where secure funding/equity is evidenced; owner and shareholder loans are excluded unless validly converted to eligible equity. Before undisclosed/private adjustments.
UEFA rules
Not currently flagged for UEFA squad-cost rules.
Not currently flagged for UEFA rules.
No UEFA squad-cost calculation applied.
Player ledger
Player-level squad-cost model from contract, wage and player-registration cost data.
Per-player wages are gross fixed salaries from public sources, or a labelled estimate where no salary is published. This table is a DECOMPOSITION: the squad-cost estimate above stays anchored to the club's own filed accounts, and the difference is shown below rather than hidden.
| Player | Position | Contract end | Capitalised cost | Wage estimate | Annual transfer-fee cost | Annual squad cost |
|---|---|---|---|---|---|---|
| Kjell Scherpen | Goalkeeper | 2030-06-30 | £9m | £1m-£2mest | £2m | £4m |
| Christian Walton | Goalkeeper | 2028-06-30 | £0m | £1m | £0mapportioned | £1m |
| Kayne van Oevelen | Goalkeeper | 2031-06-30 | £3m | £1m-£2mest | £1m | £2m |
| Alex Palmer | Goalkeeper | 2028-06-30 | £2m | £1m | £1m | £2m |
| David Button | Goalkeeper | 2026-06-30 | £0m | £1m | £0mfree/loan | £1m |
| Dara O'Shea | Centre-Back | 2030-06-30 | £12m | £2m | £3m | £5m |
| Jacob Greaves | Centre-Back | 2029-06-30 | £19m | £1m | £6m | £7m |
| Issa Diop | Centre-Back | 2030-06-30 | £9m | £1m-£2mest | £2m | £4m |
| Cédric Kipré | Centre-Back | 2028-06-30 | £4m | £1m-£2mest | £2m | £4m |
| Leif Davis | Left-Back | 2029-06-30 | £0m | £2m | £0mapportioned | £2m |
| Ben Johnson | Right-Back | 2028-06-30 | £0m | £2m | £0mfree/loan | £2m |
| Harry Clarke | Right-Back | 2027-06-30 | £0m | £1m | £0mapportioned | £1m |
| Darnell Furlong | Right-Back | 2028-06-30 | £4m | £1m | £2m | £3m |
| Florentino | Defensive Midfield | 2031-06-30 | £16m | £1m-£2mest | £3m | £5m |
| Azor Matusiwa | Defensive Midfield | 2029-06-30 | £10m | £2m | £3m | £5m |
| Marcelino Núñez | Central Midfield | 2029-06-30 | £8m | £1m | £2m | £4m |
| Saša Lukić | Central Midfield | 2030-06-30 | £9m | £1m-£2mest | £2m | £4m |
| Jack Taylor | Central Midfield | 2028-06-30 | £0m | £1m | £0mapportioned | £1m |
| Cameron Humphreys | Central Midfield | 2027-06-30 | £0m | £1m | £0mapportioned | £1m |
| Kasey McAteer | Right Midfield | 2029-06-30 | £12m | £1m | £4m | £5m |
| Anis Mehmeti | Attacking Midfield | 2029-06-30 | £3m | £1m | £1m | £2m |
| Jaden Philogene | Left Winger | 2029-06-30 | £21m | £1m | £7m | £8m |
| Jack Clarke | Left Winger | 2029-06-30 | £15m | £1m | £5m | £6m |
| Daizen Maeda | Left Winger | 2029-06-30 | £8m | £1m-£2mest | £3m | £4m |
| Abdul Fatawu | Right Winger | 2031-06-30 | £20m | £1m-£2mest | £4m | £6m |
| Sindre Walle Egeli | Right Winger | 2030-06-30 | £17m | £1m | £4m | £5m |
| Chiedozie Ogbene | Right Winger | 2028-06-30 | £8m | £1m | £4m | £5m |
| George Hirst | Centre-Forward | 2029-06-30 | £0m | £1m | £0mapportioned | £1m |
| Emersonn | Centre-Forward | 2031-06-30 | £24m | £1m-£2mest | £5m | £7m |
| Chuba Akpom | Centre-Forward | 2029-06-30 | £8m | £1m-£2mest | £3m | £4m |
| Ali Al-Hamadi | Centre-Forward | 2028-06-30 | £0m | £1m | £0mapportioned | £1m |
| Cieran Slicker | SEN | 2027-06-30 | £0m | £1m-£2mest | £0m | £2m |
| Sammie Szmodics | SEN | 2027-06-30 | £0m | £1m-£2mest | £0m | £2m |
| Somto Boniface | SEN | 2027-06-30 | £0m | £1m-£2mest | £0m | £2m |
Methodology and sources
Premier League SCR is estimated as squad costs divided by football income. Spending between 85% and 115% of football income attracts a financial levy on the overspend; crossing 115% brings a fixed 6-point deduction plus 1 further point per GBP 6.5m spent beyond the 115% capacity.
Squad costs use the club's accounts wage bill (all staff - conservative vs the League's player-and-coach definition), annual transfer-fee cost, and estimated agent, signing, loan and bonus costs.
Transfer fees are spread across contract life. Sales compare proceeds with remaining book value to estimate book profit or loss.
Revenue forecasts start from the latest filed accounts and committed club forecast, then split 2026/27 football income into matchday, broadcasting, commercial, UEFA and player-trading lines.
Old PSR is retained only as a 2023/24-2025/26 closeout layer. Owner funding can support the old loss allowance when available and capped, but it does not create new SCR revenue capacity.
Each public snapshot is generated from PSRwatch-owned JSON files after validation, with the last good snapshot kept if an upstream refresh fails.
Ipswich Town latest accounts extract (2024/25) - Accounts values are parsed from Companies House filings where available, then normalised into the committed full dataset.
PSRwatch 2026/27 squad-cost forecast - Forecast uses committed income, wage, annual transfer-fee cost and transfer assumptions with deterministic rule calculations.
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Glossary
What changed
Ipswich Town's financial model was last published on 21 August 2026. 49 published revisions on record.
No figures changed in the latest rebuild - the published position is unchanged.
Financial forecast
Financial model built from filed accounts, sourced facts and labelled assumptions, with a forward income-statement forecast. Expand any line to see where the number comes from.
- Matchday+£0.0m
- Media & competition distributions+£3.5m
- Commercial+£0.0m
Calculated from the model itself - the same numbers as the statement lines below, not separately maintained copy.
| Line (£m) | 2020/21A | 2021/22A | 2022/23A | 2023/24A | 2024/25A | 2025/26E | 2026/27F | 2027/28F | 2028/29F |
|---|---|---|---|---|---|---|---|---|---|
Total revenueWhere this number comes from (2028/29F) CalculationTotal revenue£159.0m = matchday + media + commercial CalculationMatchday revenue 2028/29£11.3m = (30056 seats × 94.2% utilisation) × (19 league + 1 domestic cup + 0 European home games) × £19.87 per attendee ÷ 1,000,000 FactStadium capacity 2028/29: 30056 seats (official, high)30,056 seats AssumptionAttendance utilisation 94.2%94.2% Assumption19 home league matches19 matches Assumption1 home domestic cup ties1 matches Assumption0 home European ties0 matches AssumptionMatchday yield £19.87/attendee19.87 GBP CalculationMedia / broadcasting revenue£111.1m = domestic league central distribution + UEFA distributions + domestic cup prize money CalculationPremier League central distribution£111.1m = pl_total 2028/29 resolved directly: 111.1 AssumptionPL central distributions £111.1m£111.1m CalculationUEFA distribution 2028/29: zero - club not in European competition£0.0m = no European participation ⇒ no UEFA distribution EventNo European competition 2028/29 (assumed)£0.0m CalculationNot modelled for 2028/29: no evidenced domestic cup prize money CalculationCommercial revenue fy2029: 0 contracted deals + other commercial base (5 active deal(s) with unreported value excluded)£36.6m = Σ guaranteed annual values of 0 active deals (£0.0m) + other commercial base £36.6m ContractUmbro (kit-manufacturer) - value not reliably reported, excluded from sum ContractHalo (Halo Service Solutions / HaloITSM) (shirt-sponsor) - value not reliably reported, excluded from sum ContractEd Sheeran 'Play' tour (sleeve-sponsor) - value not reliably reported, excluded from sum ContractMSC Cruises (other-partner) - value not reliably reported, excluded from sum ContractFleximize (other-partner) - value not reliably reported, excluded from sum AssumptionCommercial base beyond registered deals £36.62m£36.6m Sources: Companies House (audited statutory accounts) · Transfermarkt · Wikipedia · Wikipedia, citing Ipswich Town FC release of 14 June 2022 · Wikipedia, citing Ipswich Town FC release 'Halo New Front Of Shirt Sponsor', 30 June 2025 (https://www.itfc.co.uk/news/2025/june/30/halo-new-front-of-shirt-sponsor/) · Football Shirt Culture | £8.1m | £14.4m | £21.8m | £37.3m | £155.4m | £102.1m | £159.0m | £159.0m | £159.0m |
Matchday revenueWhere this number comes from (2028/29F) CalculationMatchday revenue 2028/29£11.3m = (30056 seats × 94.2% utilisation) × (19 league + 1 domestic cup + 0 European home games) × £19.87 per attendee ÷ 1,000,000 FactStadium capacity 2028/29: 30056 seats (official, high)30,056 seats AssumptionAttendance utilisation 94.2%94.2% Assumption19 home league matches19 matches Assumption1 home domestic cup ties1 matches Assumption0 home European ties0 matches AssumptionMatchday yield £19.87/attendee19.87 GBP | £0.3m | £5.7m | £8.0m | £10.4m | £11.3m | £13.5m | £11.3m | £11.3m | £11.3m |
Media / broadcasting revenueWhere this number comes from (2028/29F) CalculationMedia / broadcasting revenue£111.1m = domestic league central distribution + UEFA distributions + domestic cup prize money CalculationPremier League central distribution£111.1m = pl_total 2028/29 resolved directly: 111.1 AssumptionPL central distributions £111.1m£111.1m CalculationUEFA distribution 2028/29: zero - club not in European competition£0.0m = no European participation ⇒ no UEFA distribution EventNo European competition 2028/29 (assumed)£0.0m CalculationNot modelled for 2028/29: no evidenced domestic cup prize money Sources: Wikipedia | £4.3m | £3.1m | £3.9m | £10.3m | £107.5m | £52.0m | £111.1m | £111.1m | £111.1m |
Premier League distributions◦Where this number comes from (2028/29F) CalculationPremier League central distribution£111.1m = pl_total 2028/29 resolved directly: 111.1 AssumptionPL central distributions £111.1m£111.1m | - | - | - | - | - | £0.0m | £111.1m | £111.1m | £111.1m |
UEFA distributions◦Where this number comes from (2028/29F) CalculationUEFA distribution 2028/29: zero - club not in European competition£0.0m = no European participation ⇒ no UEFA distribution EventNo European competition 2028/29 (assumed)£0.0m Sources: Wikipedia | - | - | - | - | - | £0.0m | £0.0m | £0.0m | £0.0m |
Commercial revenueWhere this number comes from (2028/29F) CalculationCommercial revenue fy2029: 0 contracted deals + other commercial base (5 active deal(s) with unreported value excluded)£36.6m = Σ guaranteed annual values of 0 active deals (£0.0m) + other commercial base £36.6m ContractUmbro (kit-manufacturer) - value not reliably reported, excluded from sum ContractHalo (Halo Service Solutions / HaloITSM) (shirt-sponsor) - value not reliably reported, excluded from sum ContractEd Sheeran 'Play' tour (sleeve-sponsor) - value not reliably reported, excluded from sum ContractMSC Cruises (other-partner) - value not reliably reported, excluded from sum ContractFleximize (other-partner) - value not reliably reported, excluded from sum AssumptionCommercial base beyond registered deals £36.62m£36.6m Sources: Companies House (audited statutory accounts) · Wikipedia, citing Ipswich Town FC release of 14 June 2022 · Wikipedia, citing Ipswich Town FC release 'Halo New Front Of Shirt Sponsor', 30 June 2025 (https://www.itfc.co.uk/news/2025/june/30/halo-new-front-of-shirt-sponsor/) · Football Shirt Culture | £3.5m | £5.7m | £9.8m | £16.5m | £36.6m | £36.6m | £36.6m | £36.6m | £36.6m |
Other revenueWhere this number comes from (2028/29F) AssumptionOther revenue £4.57m£4.6m Sources: Companies House (audited statutory accounts) | £4.1m | £0.1m | £0.9m | £1.5m | £4.6m | £4.6m | £4.6m | £4.6m | £4.6m |
Total staff costsWhere this number comes from (2028/29F) CalculationTotal staff costs£77.1m AssumptionStaff costs £77.14m£77.1m Sources: Companies House (audited statutory accounts) | £13.4m | £16.4m | £19.8m | £44.5m | £77.1m | £77.1m | £77.1m | £77.1m | £77.1m |
Other operating costsWhere this number comes from (2028/29F) AssumptionOther operating costs £29.98m£30.0m Sources: Companies House (audited statutory accounts) | - | £11.2m | £19.7m | £30.0m | - | £30.0m | £30.0m | £30.0m | £30.0m |
EBITDA◦Where this number comes from (2028/29F) CalculationEBITDA£51.9m = revenue − staff costs − other operating costs CalculationTotal revenue£159.0m = matchday + media + commercial CalculationMatchday revenue 2028/29£11.3m = (30056 seats × 94.2% utilisation) × (19 league + 1 domestic cup + 0 European home games) × £19.87 per attendee ÷ 1,000,000 FactStadium capacity 2028/29: 30056 seats (official, high)30,056 seats AssumptionAttendance utilisation 94.2%94.2% Assumption19 home league matches19 matches Assumption1 home domestic cup ties1 matches Assumption0 home European ties0 matches AssumptionMatchday yield £19.87/attendee19.87 GBP CalculationMedia / broadcasting revenue£111.1m = domestic league central distribution + UEFA distributions + domestic cup prize money CalculationPremier League central distribution£111.1m = pl_total 2028/29 resolved directly: 111.1 AssumptionPL central distributions £111.1m£111.1m CalculationUEFA distribution 2028/29: zero - club not in European competition£0.0m = no European participation ⇒ no UEFA distribution EventNo European competition 2028/29 (assumed)£0.0m CalculationNot modelled for 2028/29: no evidenced domestic cup prize money CalculationCommercial revenue fy2029: 0 contracted deals + other commercial base (5 active deal(s) with unreported value excluded)£36.6m = Σ guaranteed annual values of 0 active deals (£0.0m) + other commercial base £36.6m ContractUmbro (kit-manufacturer) - value not reliably reported, excluded from sum ContractHalo (Halo Service Solutions / HaloITSM) (shirt-sponsor) - value not reliably reported, excluded from sum ContractEd Sheeran 'Play' tour (sleeve-sponsor) - value not reliably reported, excluded from sum ContractMSC Cruises (other-partner) - value not reliably reported, excluded from sum ContractFleximize (other-partner) - value not reliably reported, excluded from sum AssumptionCommercial base beyond registered deals £36.62m£36.6m CalculationTotal staff costs£77.1m AssumptionStaff costs £77.14m£77.1m AssumptionOther operating costs £29.98m£30.0m Sources: Companies House (audited statutory accounts) · Transfermarkt · Wikipedia · Wikipedia, citing Ipswich Town FC release of 14 June 2022 · Wikipedia, citing Ipswich Town FC release 'Halo New Front Of Shirt Sponsor', 30 June 2025 (https://www.itfc.co.uk/news/2025/june/30/halo-new-front-of-shirt-sponsor/) · Football Shirt Culture | - | -£13.1m | -£16.9m | -£35.7m | - | -£5.0m | £51.9m | £51.9m | £51.9m |
Player registration amortisationWhere this number comes from (2028/29F) CalculationPlayer registration amortisation (raised to the contracted floor)£67.8m = reported transfer fees for the current squad, each over its own contract; the filed charge predates these signings AssumptionPlayer amortisation (contracted floor) £67.83m£67.8m CalculationPlayer registration amortisation£4.8m = held at the club's own last filed amortisation charge: the player subledger holds no registrations for this period and there is no filed NBV anchor to run residual cohorts off AssumptionPlayer amortisation £4.79m£4.8m Sources: Companies House (audited statutory accounts) | - | £1.3m | £3.0m | £4.8m | - | £4.8m | £67.8m | £67.8m | £67.8m |
Player registration impairmentWhere this number comes from (2028/29F) CalculationPlayer registration impairment£0.0m = no impairment assumed: impairments follow specific squad events (a player written down after injury or exclusion) and are not forecastable from public data. Any impairment would reduce the result below this base case | - | - | - | - | - | £0.0m | £0.0m | £0.0m | £0.0m |
Operating profit/(loss)Where this number comes from (2028/29F) CalculationOperating profit/(loss) excluding player trading-£16.0m = EBITDA − player amortisation; this filer does not disclose depreciation separately, so it already sits inside other operating costs and is not deducted twice CalculationEBITDA£51.9m = revenue − staff costs − other operating costs CalculationTotal revenue£159.0m = matchday + media + commercial CalculationMatchday revenue 2028/29£11.3m = (30056 seats × 94.2% utilisation) × (19 league + 1 domestic cup + 0 European home games) × £19.87 per attendee ÷ 1,000,000 FactStadium capacity 2028/29: 30056 seats (official, high)30,056 seats AssumptionAttendance utilisation 94.2%94.2% Assumption19 home league matches19 matches Assumption1 home domestic cup ties1 matches Assumption0 home European ties0 matches AssumptionMatchday yield £19.87/attendee19.87 GBP CalculationMedia / broadcasting revenue£111.1m = domestic league central distribution + UEFA distributions + domestic cup prize money CalculationPremier League central distribution£111.1m = pl_total 2028/29 resolved directly: 111.1 AssumptionPL central distributions £111.1m£111.1m CalculationUEFA distribution 2028/29: zero - club not in European competition£0.0m = no European participation ⇒ no UEFA distribution EventNo European competition 2028/29 (assumed)£0.0m CalculationNot modelled for 2028/29: no evidenced domestic cup prize money CalculationCommercial revenue fy2029: 0 contracted deals + other commercial base (5 active deal(s) with unreported value excluded)£36.6m = Σ guaranteed annual values of 0 active deals (£0.0m) + other commercial base £36.6m ContractUmbro (kit-manufacturer) - value not reliably reported, excluded from sum ContractHalo (Halo Service Solutions / HaloITSM) (shirt-sponsor) - value not reliably reported, excluded from sum ContractEd Sheeran 'Play' tour (sleeve-sponsor) - value not reliably reported, excluded from sum ContractMSC Cruises (other-partner) - value not reliably reported, excluded from sum ContractFleximize (other-partner) - value not reliably reported, excluded from sum AssumptionCommercial base beyond registered deals £36.62m£36.6m CalculationTotal staff costs£77.1m AssumptionStaff costs £77.14m£77.1m AssumptionOther operating costs £29.98m£30.0m CalculationPlayer registration amortisation (raised to the contracted floor)£67.8m = reported transfer fees for the current squad, each over its own contract; the filed charge predates these signings AssumptionPlayer amortisation (contracted floor) £67.83m£67.8m CalculationPlayer registration amortisation£4.8m = held at the club's own last filed amortisation charge: the player subledger holds no registrations for this period and there is no filed NBV anchor to run residual cohorts off AssumptionPlayer amortisation £4.79m£4.8m Sources: Companies House (audited statutory accounts) · Transfermarkt · Wikipedia · Wikipedia, citing Ipswich Town FC release of 14 June 2022 · Wikipedia, citing Ipswich Town FC release 'Halo New Front Of Shirt Sponsor', 30 June 2025 (https://www.itfc.co.uk/news/2025/june/30/halo-new-front-of-shirt-sponsor/) · Football Shirt Culture | -£7.7m | -£14.4m | -£19.8m | -£40.5m | -£6.2m | -£9.8m | -£16.0m | -£16.0m | -£16.0m |
Profit on disposal of player registrationsWhere this number comes from (2028/29F) CalculationProfit on disposal of registrations£6.3m = known transactions (subledger) + baseline assumption for windows that have not yet happened CalculationKnown disposals (subledger: fee − NBV per player)£0.0m = guaranteed fee − net book value at disposal, per player AssumptionBaseline disposal profit £6.3m£6.3m Sources: Companies House (audited statutory accounts) | £2.2m | £2.3m | £2.3m | £1.2m | £15.4m | £6.3m | £6.3m | £6.3m | £6.3m |
Finance costsWhere this number comes from (2028/29F) CalculationFinance costs£5.2m = interest on debt instruments + other finance charges + interest on opening revolver draws (in-year draws accrue from the following period) CalculationFinancing fy2029: interest £0.0m, closing debt £0.0m£0.0m = per instrument: interest = avg(opening, closing) × rate; closing debt = Σ balances after drawdowns, repayments and schedule AssumptionNet finance costs £5.18m£5.2m Sources: Companies House (audited statutory accounts) | £0.9m | £0.6m | £0.6m | £0.0m | £5.2m | £5.2m | £5.2m | £5.2m | £5.2m |
Profit/(loss) before taxWhere this number comes from (2028/29F) CalculationProfit/(loss) before tax-£14.9m = operating profit + player disposal profit + finance income − finance costs CalculationOperating profit/(loss) excluding player trading-£16.0m = EBITDA − player amortisation; this filer does not disclose depreciation separately, so it already sits inside other operating costs and is not deducted twice CalculationEBITDA£51.9m = revenue − staff costs − other operating costs CalculationTotal revenue£159.0m = matchday + media + commercial CalculationMatchday revenue 2028/29£11.3m = (30056 seats × 94.2% utilisation) × (19 league + 1 domestic cup + 0 European home games) × £19.87 per attendee ÷ 1,000,000 FactStadium capacity 2028/29: 30056 seats (official, high)30,056 seats AssumptionAttendance utilisation 94.2%94.2% Assumption19 home league matches19 matches Assumption1 home domestic cup ties1 matches Assumption0 home European ties0 matches AssumptionMatchday yield £19.87/attendee19.87 GBP CalculationMedia / broadcasting revenue£111.1m = domestic league central distribution + UEFA distributions + domestic cup prize money CalculationPremier League central distribution£111.1m = pl_total 2028/29 resolved directly: 111.1 AssumptionPL central distributions £111.1m£111.1m CalculationUEFA distribution 2028/29: zero - club not in European competition£0.0m = no European participation ⇒ no UEFA distribution EventNo European competition 2028/29 (assumed)£0.0m CalculationNot modelled for 2028/29: no evidenced domestic cup prize money CalculationCommercial revenue fy2029: 0 contracted deals + other commercial base (5 active deal(s) with unreported value excluded)£36.6m = Σ guaranteed annual values of 0 active deals (£0.0m) + other commercial base £36.6m ContractUmbro (kit-manufacturer) - value not reliably reported, excluded from sum ContractHalo (Halo Service Solutions / HaloITSM) (shirt-sponsor) - value not reliably reported, excluded from sum ContractEd Sheeran 'Play' tour (sleeve-sponsor) - value not reliably reported, excluded from sum ContractMSC Cruises (other-partner) - value not reliably reported, excluded from sum ContractFleximize (other-partner) - value not reliably reported, excluded from sum AssumptionCommercial base beyond registered deals £36.62m£36.6m CalculationTotal staff costs£77.1m AssumptionStaff costs £77.14m£77.1m AssumptionOther operating costs £29.98m£30.0m CalculationPlayer registration amortisation (raised to the contracted floor)£67.8m = reported transfer fees for the current squad, each over its own contract; the filed charge predates these signings AssumptionPlayer amortisation (contracted floor) £67.83m£67.8m CalculationPlayer registration amortisation£4.8m = held at the club's own last filed amortisation charge: the player subledger holds no registrations for this period and there is no filed NBV anchor to run residual cohorts off AssumptionPlayer amortisation £4.79m£4.8m CalculationProfit on disposal of registrations£6.3m = known transactions (subledger) + baseline assumption for windows that have not yet happened CalculationKnown disposals (subledger: fee − NBV per player)£0.0m = guaranteed fee − net book value at disposal, per player AssumptionBaseline disposal profit £6.3m£6.3m CalculationNot modelled for fy2029: no evidenced finance income CalculationFinance costs£5.2m = interest on debt instruments + other finance charges + interest on opening revolver draws (in-year draws accrue from the following period) CalculationFinancing fy2029: interest £0.0m, closing debt £0.0m£0.0m = per instrument: interest = avg(opening, closing) × rate; closing debt = Σ balances after drawdowns, repayments and schedule AssumptionNet finance costs £5.18m£5.2m Sources: Companies House (audited statutory accounts) · Transfermarkt · Wikipedia · Wikipedia, citing Ipswich Town FC release of 14 June 2022 · Wikipedia, citing Ipswich Town FC release 'Halo New Front Of Shirt Sponsor', 30 June 2025 (https://www.itfc.co.uk/news/2025/june/30/halo-new-front-of-shirt-sponsor/) · Football Shirt Culture | -£6.4m | -£12.6m | -£18.2m | -£39.3m | £4.0m | -£8.7m | -£14.9m | -£14.9m | -£14.9m |
Tax charge/(credit)Where this number comes from (2028/29F) CalculationTax charge/(credit)-£3.3m = pre-tax loss £-14.86m × 22% credit-recognition rate, matching the filed pattern of deferred-tax assets recognised on losses CalculationProfit/(loss) before tax-£14.9m = operating profit + player disposal profit + finance income − finance costs CalculationOperating profit/(loss) excluding player trading-£16.0m = EBITDA − player amortisation; this filer does not disclose depreciation separately, so it already sits inside other operating costs and is not deducted twice CalculationEBITDA£51.9m = revenue − staff costs − other operating costs CalculationTotal revenue£159.0m = matchday + media + commercial CalculationMatchday revenue 2028/29£11.3m = (30056 seats × 94.2% utilisation) × (19 league + 1 domestic cup + 0 European home games) × £19.87 per attendee ÷ 1,000,000 FactStadium capacity 2028/29: 30056 seats (official, high)30,056 seats AssumptionAttendance utilisation 94.2%94.2% Assumption19 home league matches19 matches Assumption1 home domestic cup ties1 matches Assumption0 home European ties0 matches AssumptionMatchday yield £19.87/attendee19.87 GBP CalculationMedia / broadcasting revenue£111.1m = domestic league central distribution + UEFA distributions + domestic cup prize money CalculationPremier League central distribution£111.1m = pl_total 2028/29 resolved directly: 111.1 CalculationUEFA distribution 2028/29: zero - club not in European competition£0.0m = no European participation ⇒ no UEFA distribution CalculationNot modelled for 2028/29: no evidenced domestic cup prize money CalculationCommercial revenue fy2029: 0 contracted deals + other commercial base (5 active deal(s) with unreported value excluded)£36.6m = Σ guaranteed annual values of 0 active deals (£0.0m) + other commercial base £36.6m ContractUmbro (kit-manufacturer) - value not reliably reported, excluded from sum ContractHalo (Halo Service Solutions / HaloITSM) (shirt-sponsor) - value not reliably reported, excluded from sum ContractEd Sheeran 'Play' tour (sleeve-sponsor) - value not reliably reported, excluded from sum ContractMSC Cruises (other-partner) - value not reliably reported, excluded from sum ContractFleximize (other-partner) - value not reliably reported, excluded from sum AssumptionCommercial base beyond registered deals £36.62m£36.6m CalculationTotal staff costs£77.1m AssumptionStaff costs £77.14m£77.1m AssumptionOther operating costs £29.98m£30.0m CalculationPlayer registration amortisation (raised to the contracted floor)£67.8m = reported transfer fees for the current squad, each over its own contract; the filed charge predates these signings AssumptionPlayer amortisation (contracted floor) £67.83m£67.8m CalculationPlayer registration amortisation£4.8m = held at the club's own last filed amortisation charge: the player subledger holds no registrations for this period and there is no filed NBV anchor to run residual cohorts off AssumptionPlayer amortisation £4.79m£4.8m CalculationProfit on disposal of registrations£6.3m = known transactions (subledger) + baseline assumption for windows that have not yet happened CalculationKnown disposals (subledger: fee − NBV per player)£0.0m = guaranteed fee − net book value at disposal, per player AssumptionBaseline disposal profit £6.3m£6.3m CalculationNot modelled for fy2029: no evidenced finance income CalculationFinance costs£5.2m = interest on debt instruments + other finance charges + interest on opening revolver draws (in-year draws accrue from the following period) CalculationFinancing fy2029: interest £0.0m, closing debt £0.0m£0.0m = per instrument: interest = avg(opening, closing) × rate; closing debt = Σ balances after drawdowns, repayments and schedule AssumptionNet finance costs £5.18m£5.2m AssumptionDeferred-tax credit rate on losses 22%22% Sources: Companies House (audited statutory accounts) · Transfermarkt · Wikipedia · Wikipedia, citing Ipswich Town FC release of 14 June 2022 · Wikipedia, citing Ipswich Town FC release 'Halo New Front Of Shirt Sponsor', 30 June 2025 (https://www.itfc.co.uk/news/2025/june/30/halo-new-front-of-shirt-sponsor/) · Football Shirt Culture | £0.0m | £0.0m | £0.0m | - | £0.0m | -£1.9m | -£3.3m | -£3.3m | -£3.3m |
Profit/(loss) for the yearWhere this number comes from (2028/29F) CalculationProfit/(loss) for the year-£11.6m = PBT − tax CalculationProfit/(loss) before tax-£14.9m = operating profit + player disposal profit + finance income − finance costs CalculationOperating profit/(loss) excluding player trading-£16.0m = EBITDA − player amortisation; this filer does not disclose depreciation separately, so it already sits inside other operating costs and is not deducted twice CalculationEBITDA£51.9m = revenue − staff costs − other operating costs CalculationTotal revenue£159.0m = matchday + media + commercial CalculationMatchday revenue 2028/29£11.3m = (30056 seats × 94.2% utilisation) × (19 league + 1 domestic cup + 0 European home games) × £19.87 per attendee ÷ 1,000,000 FactStadium capacity 2028/29: 30056 seats (official, high)30,056 seats AssumptionAttendance utilisation 94.2%94.2% Assumption19 home league matches19 matches Assumption1 home domestic cup ties1 matches Assumption0 home European ties0 matches AssumptionMatchday yield £19.87/attendee19.87 GBP CalculationMedia / broadcasting revenue£111.1m = domestic league central distribution + UEFA distributions + domestic cup prize money CalculationPremier League central distribution£111.1m = pl_total 2028/29 resolved directly: 111.1 CalculationUEFA distribution 2028/29: zero - club not in European competition£0.0m = no European participation ⇒ no UEFA distribution CalculationNot modelled for 2028/29: no evidenced domestic cup prize money CalculationCommercial revenue fy2029: 0 contracted deals + other commercial base (5 active deal(s) with unreported value excluded)£36.6m = Σ guaranteed annual values of 0 active deals (£0.0m) + other commercial base £36.6m ContractUmbro (kit-manufacturer) - value not reliably reported, excluded from sum ContractHalo (Halo Service Solutions / HaloITSM) (shirt-sponsor) - value not reliably reported, excluded from sum ContractEd Sheeran 'Play' tour (sleeve-sponsor) - value not reliably reported, excluded from sum ContractMSC Cruises (other-partner) - value not reliably reported, excluded from sum ContractFleximize (other-partner) - value not reliably reported, excluded from sum AssumptionCommercial base beyond registered deals £36.62m£36.6m CalculationTotal staff costs£77.1m AssumptionStaff costs £77.14m£77.1m AssumptionOther operating costs £29.98m£30.0m CalculationPlayer registration amortisation (raised to the contracted floor)£67.8m = reported transfer fees for the current squad, each over its own contract; the filed charge predates these signings AssumptionPlayer amortisation (contracted floor) £67.83m£67.8m CalculationPlayer registration amortisation£4.8m = held at the club's own last filed amortisation charge: the player subledger holds no registrations for this period and there is no filed NBV anchor to run residual cohorts off AssumptionPlayer amortisation £4.79m£4.8m CalculationProfit on disposal of registrations£6.3m = known transactions (subledger) + baseline assumption for windows that have not yet happened CalculationKnown disposals (subledger: fee − NBV per player)£0.0m = guaranteed fee − net book value at disposal, per player AssumptionBaseline disposal profit £6.3m£6.3m CalculationNot modelled for fy2029: no evidenced finance income CalculationFinance costs£5.2m = interest on debt instruments + other finance charges + interest on opening revolver draws (in-year draws accrue from the following period) CalculationFinancing fy2029: interest £0.0m, closing debt £0.0m£0.0m = per instrument: interest = avg(opening, closing) × rate; closing debt = Σ balances after drawdowns, repayments and schedule AssumptionNet finance costs £5.18m£5.2m CalculationTax charge/(credit)-£3.3m = pre-tax loss £-14.86m × 22% credit-recognition rate, matching the filed pattern of deferred-tax assets recognised on losses CalculationProfit/(loss) before tax-£14.9m = operating profit + player disposal profit + finance income − finance costs CalculationOperating profit/(loss) excluding player trading-£16.0m = EBITDA − player amortisation; this filer does not disclose depreciation separately, so it already sits inside other operating costs and is not deducted twice CalculationEBITDA£51.9m = revenue − staff costs − other operating costs CalculationTotal revenue£159.0m = matchday + media + commercial CalculationMatchday revenue 2028/29£11.3m = (30056 seats × 94.2% utilisation) × (19 league + 1 domestic cup + 0 European home games) × £19.87 per attendee ÷ 1,000,000 CalculationMedia / broadcasting revenue£111.1m = domestic league central distribution + UEFA distributions + domestic cup prize money CalculationCommercial revenue fy2029: 0 contracted deals + other commercial base (5 active deal(s) with unreported value excluded)£36.6m = Σ guaranteed annual values of 0 active deals (£0.0m) + other commercial base £36.6m CalculationTotal staff costs£77.1m AssumptionStaff costs £77.14m£77.1m AssumptionOther operating costs £29.98m£30.0m CalculationPlayer registration amortisation (raised to the contracted floor)£67.8m = reported transfer fees for the current squad, each over its own contract; the filed charge predates these signings AssumptionPlayer amortisation (contracted floor) £67.83m£67.8m CalculationPlayer registration amortisation£4.8m = held at the club's own last filed amortisation charge: the player subledger holds no registrations for this period and there is no filed NBV anchor to run residual cohorts off AssumptionPlayer amortisation £4.79m£4.8m CalculationProfit on disposal of registrations£6.3m = known transactions (subledger) + baseline assumption for windows that have not yet happened CalculationKnown disposals (subledger: fee − NBV per player)£0.0m = guaranteed fee − net book value at disposal, per player AssumptionBaseline disposal profit £6.3m£6.3m CalculationNot modelled for fy2029: no evidenced finance income CalculationFinance costs£5.2m = interest on debt instruments + other finance charges + interest on opening revolver draws (in-year draws accrue from the following period) CalculationFinancing fy2029: interest £0.0m, closing debt £0.0m£0.0m = per instrument: interest = avg(opening, closing) × rate; closing debt = Σ balances after drawdowns, repayments and schedule AssumptionNet finance costs £5.18m£5.2m AssumptionDeferred-tax credit rate on losses 22%22% Sources: Companies House (audited statutory accounts) · Transfermarkt · Wikipedia · Wikipedia, citing Ipswich Town FC release of 14 June 2022 · Wikipedia, citing Ipswich Town FC release 'Halo New Front Of Shirt Sponsor', 30 June 2025 (https://www.itfc.co.uk/news/2025/june/30/halo-new-front-of-shirt-sponsor/) · Football Shirt Culture | -£6.4m | -£12.6m | -£18.2m | -£39.3m | £4.0m | -£6.8m | -£11.6m | -£11.6m | -£11.6m |
Every fact, event and agreement in this model cites at least one of these records. Tier 1 = official (filings, club, league, UEFA); Tier 2 = reliable press; Tier 3 = specialist databases, always labelled and never treated as audited figures.