Joint directors of Inverness Caledonian Thistle say the “future of the club is now at significant risk” after no gives have been acquired to purchase the Scottish League One facet by this month’s deadline.
In a press release, BDO mentioned there was “a strong level of interest from several parties” however none got here ahead by March 5.
Among the many causes cited have been: the present degree of loans from former administrators (totalling round £3.5m), the character of the membership’s disparate shareholdings impacting a possible purchaser having sufficient management and uncertainty across the possession of land surrounding the stadium.
The joint directors say “a sale transaction does not appear to be achievable in the absence of new parties coming forward and the future of the club is now at significant risk”.
In regard to the issues raised, BDO have written to former administrators asking them to write down off their loans, with some agreeing and others pending. To deal with issues across the disparate shareholding, some have agreed to return shares to the membership following a letter from the joint directors and others might be issued this week.
Former chairman Alan Savage – who has ensured funding totalling round £1m is in place for the membership to see out this season – has additionally mentioned he could be keen to pay 25 per cent of value to purchase the membership and supply 25 per cent of the funding required for the subsequent two seasons – if different events come ahead.
Inverness CT have been positioned into administration in October, with boss Duncan Ferguson working without cost earlier than leaving following a gathering with directors.
The membership have been hit with a 15-point deduction that left them in backside spot on minus three factors. Nevertheless, they’re now eighth, two factors above ninth and 23 away from backside facet Dumbarton who additionally entered administration this season and had an identical factors deduction.
Inverness gained the Scottish Cup in 2015
A BDO spokesperson mentioned: “We appreciate that this latest update will be disappointing for players, fans and the wider community.
“Given what has been achieved each on and off the pitch all through the Administration interval, we might very very like to see a sale of the membership to make sure that its future is secured and we might encourage all events to cooperate on this endeavour.
“We are grateful for Alan Savage’s ongoing financial support and would urge any interested parties to come forward with a view to acquire the club. The JAs would welcome the opportunity to discuss and provide a guide in respect of an acceptable price.”
