Inverness Caledonian Thistle have gone into administration after a last-ditch effort to save lots of the Scottish League One aspect failed.
The membership launched a crowdfunding web page to boost £200,000 to finish the work this month, however they fell in need of their goal by final week’s deadline.
supervisor Duncan Ferguson donated his salary He has been working free of charge in a bid to save lots of the struggling membership, which wants between £1.4m and £1.6m to outlive till the top of the season.
They’ll now be hit with a 15-point SPFL penalty for going into administration and the membership will virtually definitely change to part-time soccer if they’re relegated to League Two.
Inverness CT received the Scottish Cup in 2015 however now face relegation to the underside of the SPFL
Caley Thistle was relegated from the Championship in the summertime; 7th in League One – just 3 points off bottom.
Talks a couple of takeover had been held with buyers within the UK, US, Denmark and the United Arab Emirates, however no deal was reached and managers at the moment are tasked with discovering a brand new proprietor. If unsuccessful, they will promote property to boost funds for collectors.
Duncan Ferguson has been working free of charge on the membership
A membership assertion stated BDO’s James Stephen, Malcolm Cohen and Shane Crooks have been appointed joint directors.
A BDO spokesman stated: “We will verify that formal appointments have been accomplished and the Caledonian Thistle Resort in Inverness has now entered administration.
“We all know this will probably be a troublesome and unsure time for the membership, its employees, its loyal followers and the local people.
“Administration will have the ability to present additional data and their plans sooner or later to safe the membership’s long-term future.”
