Ipswich Town owner Marcus Evans has put the club up for sale for a reported £35million but is not willing to write off any debts, according to the Sun.
Evans took control of the Suffolk club back in 2007 but, having failed to steer the club into the Premier League, has now decided to cut his losses.
Despite the price of the club being more than reasonable, he is still owed more than £100million in debts and is not willing to write them off for whoever buys his stake.
The Tractor Boys are currently rooted to the foot of the Championship table and a whole seven points behind Bolton Wanderers, the team just one place above them.
Under Paul Hurst, the club won just once and since Paul Lambert has taken charge of the club they are yet to win again.
They face a tough task to pick up three points this coming weekend as well when they travel to the Bet365 Stadium to play an in-form Stoke City side.
This is probably a year or two overdue but it is a good job it is happening regardless.
I think the way the Mick McCarthy situation was handled, from letting him go all the way through to hiring Paul Hurst, signalled the beginning of the end for Evans.
Giving up on Hurst so quickly was the final straw.Like what the FLW have on offer? Sign up for more notifications!