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.
Inverness CT gained the Scottish Cup in 2015 however now face relegation to the underside tier of the SPFL
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.”
