Inverness Caledonian Thistle suspend takeover negotiations with Seventy7 Ventures amid an investigation into loan fees owed to Dundee and Ross County.
Inverness Caledonian Thistle have suspended takeover negotiations with Seventy7 Ventures and have appointed former chairman Alan Savage "to take charge of the struggling Highland club to put the team in a firm financial position".
Financial problems contributed to Caley Thistle's relegation at the end of last season, with head coach Duncan Ferguson having limited funds to rebuild his squad for the current campaign. "The club have also suspended negotiations with Seventy7 Ventures, who had been seeking to acquire a majority shareholding, with Savage beginning immediate work carrying out an internal forensic review of the club's financial position to establish plans for the club's future and setting the team into a viable position for new ownership."
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