ICT on a slippery slope?

ritchiebaby · 06-06-2024, 00:06

As if relegation to League One at the hands of Hamilton wasn't bad enough, allied to a fans' revolt against the proposed move of their training base to Kelty, it now seems that the board are warning about the possibility of administration.

Chairman Ross Morrison resigned following the fans' protest against the training ground move and the board have confirmed that the proposed move has been called off. The club are now trying to attract new investment, but are covering every base, including possible administration. The main question is can the club afford to retain both full-time status and also Duncan Ferguson as manager?

hibeejim21 · (This post was last modified: 06-06-2024, 11:28 by hibeejim21.)

Aye why not eh ? They could even get liquidated and still come back as the same club.

They could reform as THE inverness caledonian thistle via Sevco 5099, couple of days in court and then start in the bottom league as ICT with a clean bill of health.

No wonder Morrison is tempted.

**Lord Snooty** · 26-07-2024, 20:27

The Board of Directors of Inverness Caledonian Thistle Football Club can confirm that they have accepted an offer for a majority shareholding in the club.

The club have been involved in intensive discussions with Seventy7 Ventures, a UK-based sports, entertainment and leisure group and are confident their investment will secure the future of the club.

Panos Thomas, spokesperson for the Board of Directors, said: “We have received a formal offer to acquire a major shareholding and voting rights of the company and this has been unanimously accepted by the Board."

Ketan Makwana, Executive Chairman of Seventy7 Ventures, said: "We at Seventy7 are delighted to have achieved this result, we want to thank the Board, Chief Executive and former Chairman for their continuous workability and open mindedness to see our vision of the future for the Football Club and the community of Inverness. We are relishing the opportunity to drive sustainability and growth in the Club and lead them to future prosperity."

More information will be released in the coming days and weeks and again on the legal completion of the deal.

Statement Ends

Ketan Makwana, the Executive Chairman of Seventy7 Ventures has been a most dynamic suitor for the club in the past few weeks and following the most recent meeting with him in Inverness when he outlined his vision and passion for what the club could become, it was clear those plans and the financial backing of Seventy7 Ventures will give ICTFC the best opportunity to flourish again. This is very good news for the club as we strive to establish a more sustainable business and build a team that will in the first instance, return us to the SPFL Championship

**Lord Snooty** · 02-10-2024, 17:28

BBC News - Two weeks to save Inverness Caledonian Thistle, says club - BBC News
https://www.bbc.co.uk/news/articles/cn03rd337dgo

Not looking good Sad

ritchiebaby · (This post was last modified: 16-10-2024, 22:55 by ritchiebaby.)

Tonight's the night - in order to avoid the prospect of administration, the club must have received over £100k before 9pm and then over £1m to finish the season.

There's no news yet, but it doesn't look good. ICT will probably be punished with a 15 point deduction, almost certainly enough to guarantee relegation and the administrator will probably get rid of many of the current staff to save costs. In that case, Big Dunc should be safe as he's not getting paid anyway!

And there is an update, appropriately in Fergie Time.
https://www.bbc.co.uk/sport/football/art...gnv4vmnmlo

ritchiebaby · 7 hours ago

There's a stay of execution until noon tomorrow.