Monday, 18 November 2024
Trending

Business News

Ed Sheeran bought a 1.4% stake in his boyhood Premier League club Ipswich Town, bagging him executive suite access

Ed Sheeran bought a 1.4% stake in his boyhood Premier League club Ipswich Town, bagging him executive suite access


Pop star Ed Sheeran has acquired a minority stake in Ipswich Town, the Premier League football club announced Thursday.

The 33-year-old English singer-songwriter, a lifelong fan of the team, has taken a 1.4 percent stake in the club, having been a shirt sponsor of both Ipswich men’s and women’s teams since 2021.

An Ipswich statement said Sheeran will not join the board at Portman Road as his shareholding is a passive and minority investment only, but it will grant him access to an executive box at the stadium.

“I am really excited to have bought a small percentage of my hometown football club,” said Sheeran.

“It’s any football fan’s dream to be an owner of the club they support, and I feel so grateful for this opportunity.”

The 2024/25 season sees Ipswich returning to the top flight of English football for the first time in 22 years.

Ipswich chairman Mark Ashton added:  “The support Ed and his team have shown us over the last three years has been nothing short of remarkable and for him to make this investment in the club feels like the natural progression in our relationship. ”

Ipswich begin their new campaign at home to Liverpool on Saturday.

Recommended Newsletter: The Fortune Next to Lead newsletter is a must-read for the next generation of C-suite leaders. Every Monday, the newsletter provides the strategies, resources, and expert insight needed to claim the most coveted positions in business. Sign up for free.

Click Here to Read the Full Original Article at Fortune | FORTUNE…