The crisis hit club have started the cost cutting process in the Highlands
The crisis hit club were officially placed in administration and deducted 15 points as the Highlands face a major fight to retain their League One status. They are now on -3 points with Dumbarton their nearest rivals on nine. The Everton hero has been working without wages to help ease the pressures on the club while he's also been putting his hand in his own pocket to help pay PETROL and other expenses for his players.
We told you previously how James Stephen, Malcom Cohen and Shane Crookes at BDO have been appointed joint administrators at Inverness. They will now aim to secure the long term future of the club - and they've started that process by axing the top team coaching trio. The decision over Ferguson is only the start with other members of staff, players and those involved in the club under threat of losing jobs in a bid to balance the books. A press conference is scheduled for Thursday where the administrator will spell out his views on the club's survival hopes for the long-term with cost-cutting to continue in that period.
Inverness Caledonian Thistle FC Scottish Football League Scottish Professional Football League
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Everton legend Duncan Ferguson to work for free at crisis club Inverness CaleyThe 52-year-old is doing his bit to try and keep the Highlanders alive
Read more »
Duncan Ferguson: Inverness Caley Thistle manager working for free to help save clubInverness Caledonian Thistle manager Duncan Ferguson is managing the club without getting paid to help the side through financial troubles.
Read more »
Duncan Ferguson picks up petrol bill for crestfallen Inverness starsFerguson has been going above and beyond to look after his players as administration looms
Read more »
Duncan Ferguson does not expect to remain Inverness CT bossDuncan Ferguson does not expect to remain Inverness CT boss
Read more »
Inverness Caley Thistle to enter administration as club fail to find a buyerIt's the latest blow for the struggling League One side
Read more »
Big Dunc Steps Up To Help Struggling Inverness Caley ThistleDuncan Ferguson has decided to work for free to help his current employers Inverness Caley Thistle through their financial difficulties.
Read more »