Two years ago Ipswich Town spent big on an almost entirely British squad and still finished second bottom of the Premier League. This summer, under new manager Gary O'Neil, the club has signed its first-ever players from Brazil, Serbia and Japan as part of a deliberately global recruitment overhaul. Read on to see what's genuinely different at Portman Road this time, and what the club's own recent history suggests about whether it will be enough to stay up.
Two years ago, Ipswich Town assembled an almost entirely British squad, committed close to £100m to doing so, and still finished second bottom of the Premier League on 22 points - 16 short of safety. This time, under new manager Gary O'Neil, the roster looks nothing like it did before: the club's first-ever Brazilian, Serbian and Japanese players have all arrived, with only one British name among the ten new signings. The approach has clearly shifted. Whether a different recruitment map produces a different outcome on the pitch is now the question at Portman Road, not least because plenty of promoted clubs have spent heavily before going straight back down.
The Numbers Behind the Shift
Ipswich have been the Premier League's fourth-biggest net spenders this summer, behind only Chelsea, Tottenham and Arsenal. Separately, the club's ten incoming signings carry a combined price tag of £106.6m. Gary O'Neil took charge after Kieran McKenna stepped down on 10 June, having delivered three promotions across four full seasons at the club. The scale of the outlay isn't what makes this rebuild different from the last one - it's where the money has actually gone.
Why McKenna Built British
McKenna's transfer philosophy took shape during Ipswich's four seasons in League One, when he chose to steer clear of overseas recruitment given how relentless England's third tier can be for players unfamiliar with it. That principle stuck as the club climbed: across McKenna's four-and-a-half seasons in charge, the vast majority of his 39 permanent first-team additions - 32 in total - had British or Irish backgrounds, with only two signed directly from clubs elsewhere in Europe. The same pattern held during the 2024 promotion push: of the 12 players signed that summer, 10 were British or Irish, most of them recruited from other English clubs.
The Cost of Staying Home
There was an obvious moment to change course after Ipswich's second-place finish in the Championship during 2023-24, a result that made them only the first club in 12 years to reach the Premier League via back-to-back promotions. Instead, the club leaned further into the same formula, committing around £100m to Jacob Greaves, Dara O'Shea, Liam Delap, Jack Clarke and Omari Hutchinson - a group who had shone in the Championship without being tested at the level above. Staying loyal to domestic talent didn't translate into survival: Ipswich finished second bottom on 22 points, a full 16 points behind 17th-placed Tottenham.
McKenna insisted afterwards that the recruitment had served the club's "best long-term interests," and the finances arguably back him up. Despite the money spent on transfer fees, Ipswich still had the Premier League's lowest wage bill in 2024-25 at £77m. Combined with a jump in television income and the profit banked on Delap's move to Chelsea, that restraint helped the club close the year to June 2025 with a £4m profit before tax. A further windfall followed when Hutchinson moved to Nottingham Forest. Jaden Philogene - a January 2025 arrival - along with Greaves, Clarke and O'Shea, stayed at the club and played leading roles in getting Ipswich straight back into the Premier League. Relegation cost Ipswich a season in the Premier League. It didn't cost them their balance sheet.
O'Neil's Global Rebuild
Chairman Mark Ashton has talked about the need for Ipswich to be "a bit braver" this time, and the club's transfer targets bear that out. Chuba Akpom, signed from Ajax, is the only British name among the ten new arrivals - and even his move was close to unavoidable once his loan spell ended in promotion. Emersonn and Florentino Luis will become the club's first Brazilian players, Sasa Lukic its first Serbian, and Daizen Maeda its first Japanese recruit. Maeda and Morocco defender Issa Diop both scored at this year's World Cup, and a third tournament goalscorer could yet follow them to Portman Road: Ipswich have been linked with Paraguay forward Julio Enciso, who spent last season playing under O'Neil at Strasbourg and previously had an injury-disrupted loan spell at the club during the back end of the 2024-25 season. O'Neil has explained the thinking directly, saying he wants to "add quality to the squad from different parts of the world" as well as a broader range of physical attributes. After the pre-season 3-0 win over Rayo Vallecano, he suggested further signings are still to come.
Athleticism Over Familiarity
Ashton keeps returning to one theme: physicality. Ipswich's midfield was short on power and ball-winning bite throughout 2024-25, which is why it matters that new arrivals Florentino Luis and Sasa Lukic - both proven at a high level - settle in quickly, with Azor Matusiwa and Jack Taylor both racing to be fit for the season opener after summer surgery. Firepower was just as urgent a problem: no individual in the Championship squad managed more than 10 non-penalty strikes last season - proof that goals were as scarce as physical presence. Club-record signing Emersonn, 22, arrived for an initial £24m having only become a first-team regular last term at Toulouse, where he netted seven goals from 31 appearances. Maeda brings a stronger scoring history - 79 goals in 212 games at Celtic - though a side fighting to beat the drop won't offer him anywhere near the same number of chances. Even in goal the profile has shifted: Ipswich signed two Dutch goalkeepers this summer - among them Kjell Scherpen, a 6ft 9in (2.06m) presence who will be the tallest player yet to feature in the Premier League. It's a striking sign of the physical brief O'Neil was given, though height alone says nothing about distribution, shot-stopping or top-flight readiness - the things that actually decide matches.
Does Spending More Actually Work?
Ipswich's £30m training ground redevelopment is nearly complete, and O'Neil has effectively been handed a licence to recruit worldwide that McKenna never used. Recent Premier League history, though, offers a mixed verdict on what heavy spending by a promoted club actually buys. Only three promoted sides have spent more in a single window than Ipswich have this year - Aston Villa in 2019, Nottingham Forest in 2022 and Sunderland in 2025 - and each of them stayed up. But Southampton, Burnley, Fulham and Ipswich themselves have all spent comparable sums in recent seasons and gone straight back down, which suggests this level of investment has become closer to a baseline requirement than any guarantee of safety.
Ipswich haven't put together back-to-back Premier League seasons in a quarter-century. O'Neil has been given a freedom McKenna never had - to recruit anywhere in the world for the athleticism and goals his squad was missing last time. What no transfer fee can guarantee is the result.
Frequently Asked Questions
Their largely British squad finished second bottom of the Premier League in 2024-25 with 22 points, and chairman Mark Ashton says the club needs to be "a bit braver." That's translated into signings with more experience, athleticism and a far wider range of nationalities.
Ipswich rank as the Premier League's fourth-biggest net spenders this summer, behind only Chelsea, Tottenham and Arsenal. Separately, the club has committed £106.6m in fees across its ten new signings.
Brazilian striker Emersonn, 22, who joined for an initial £24m from Toulouse, netting seven goals from 31 appearances there last season.
Yes. Ipswich still had the Premier League's lowest wage bill in 2024-25 at £77m despite heavy transfer spending, and the club closed the year to June 2025 with a £4m profit before tax, helped by selling Liam Delap to Chelsea and later Omari Hutchinson to Nottingham Forest.
Just three clubs promoted alongside a heavy summer outlay have spent more than Ipswich this year - Aston Villa in 2019, Nottingham Forest in 2022 and Sunderland in 2025 - and every one of them beat the drop.
Research: This article uses the archived evidence supplied for this story. Story inspiration: BBC Sport's original report.
