Inverness Caledonian Thistle have entered administration after a late bid to save lots of the Scottish League One aspect failed.
The membership launched a crowdfunding web page to lift £200,000 to see out the month, however they didn’t attain the goal by final week’s deadline.
Supervisor Duncan Ferguson donated his wages and has been working free of charge in a bit to save lots of the struggling membership who wanted between £1.4m to £1.6m to proceed till the top of this season.
They’re now set to be hit with a 15-point punishment from the SPFL for coming into administration, with the membership all however sure to maneuver to part-time soccer in the event that they drop into League Two.
Caley Thistle have been relegated from the Championship in the summertime and are seventh in League One – simply three factors away from backside spot.
Talks have been held with traders within the UK, United States, Denmark and the UAE over a takeover however no deal was agreed, with directors now tasked with discovering new house owners. If unsuccessful – they may promote belongings to lift funds for collectors.
Duncan Ferguson has been working free of charge on the membership
A press release from the membership mentioned that James Stephen, Malcolm Cohen and Shane Crooks of BDO had been apppointed as joint directors.
A spokesperson for BDO mentioned: “We can confirm a formal appointment has been made and Inverness Caledonian Thistle is now in administration.
“We perceive this shall be a tough and unsure time for the membership, its workers, its loyal fan base and the area people.
“The administrators will be in a position to provide further information and their plan to seek to secure the long term future of the club in due course.”
