It's the latest blow for the struggling League One side
Inverness Caley Thistle will enter administration early next week after a last-ditch bid from a consortium of six failed.
It was also stated that the joint bid involved shareholders who already held more than a 50% stake in the club. But only a matter of hours later, that attempt fell flat with those involved conceding it was unworkable. That means the 30-year-old former Scottish Cup winners and Europa League qualifiers will suffer their biggest blow since formation with the fall from grace confirmed in a club statement on behalf of the board of directors.
“We envisage that the proposed administrators will be appointed on Monday or Tuesday. A plan is in place to allow the club to continue to trade whilst efforts to secure a long-term future are explored.” “David Anderson was prepared to look at a £1.2 million purchase or investment or loan to the club, but on a joint look over the accounts with Alan’s accountant, it was clear an insurmountable level of investment was needed.
David Cameron Europa League William Hill Scottish Cup Lawson Dumbarton Partick Thistle FC
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.
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 »
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 »
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 »
Ryan Christie 'donates' 20k to crisis hit Inverness aid crowdfunding effortThe Scotland international came through the ranks at Caley Thistle
Read more »
Troubled Inverness Caledonian Thistle in talks with potential investorInverness Caledonian Thistle are in talks with a potential investor that could lead to the club avoiding administration.
Read more »
Inverness hurtling towards administration as potential saviour walks awayHighland businessman David Anderson held talks with the Caley Thistle board yesterday
Read more »