Magilton took Ipswich to 14th in the Championship table in his first season and eighth last term but was sacked in April after failing to secure a play-off spot.
Alfred Amoroso stepped down as board chairman in April and plans to leave next month, which will make him the eighth director to leave since early 2012.
On Sunday, Miami's Jose Fernandez became the eighth youngest pitcher since 1980 to make his debut as a starter in April, dominating the New York Mets for five innings (8 Ks, 1 run).