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Hope the final whistle is not blown on Inverness Caley Thistle





Inverness Caledonian Thistle need at least £1.4 million to last until the end of the season.
Inverness Caledonian Thistle need at least £1.4 million to last until the end of the season.

Nine days to raise £200,000 so Inverness Caledonian Thistle can avoid administration and insolvency. That is the situation the club is facing as the League One club is hanging on for survival.

The response from the supporters has been fantastic so far to raise over £67,000 in the space of four days to help cover the costs of the club just for the month deserves to be applauded.

However, how has a club like Inverness Caledonian Thistle managed to rack up £1.2 million of losses is a question which has left people astounded.

Members of the board and club officials are scheduled to meet tonight at the open meeting at the Caledonian Stadium where they promise to answers questions members of the public have about the current situation.

In what has been a turbulent summer for the club with relegation to League One from the Championship, former chairman Ross Morrison resigning and the dismissal of ex-chief executive Scot Gardiner, Caley Thistle are facing a winter of discontent.

Last week, we exclusively reported on Inverness Caledonian Thistle were in talks with BDO about potentially going into administration. The following day, it was confirmed by Caley Thistle they needed to raise £200,000 in two weeks to avoid administration.

Thursday saw interim chairman Panos Thomas resign with Scott Young taking his place.

Manager Duncan Ferguson confirmed that he was working for free to help the club out of its financial difficulties.

Then its crowdfunding page was launched as it looked to raise £200,000 by Wednesday, October 16.

These are desperate times for Inverness Caledonian Thistle and with them looking to find between £1.4 million to £1.6 million to last until the end of the season, it is not known whether they will still be in business next season.

Inverness Caledonian Thistle have had their ups and down over the past 30 years since they were accepted into the Scottish League in 1994.

It has experienced some incredible highs nobody thought it would have ever achieved three decades ago. From reaching the Scottish Premiership, with it finishing in third place in the 2014/15 season. The same season that they incredibly managed to win the Scottish Cup and 12 months previously also reached the final of the Scottish League Cup.

However, there is no argument this is the lowest of the low points Inverness Caledonian Thistle have faced as it fights for its very future.

How it has managed to accumulate so much debt is unfathomable. But credit to the current board for at least being prepared to hold an open meeting and meet with the fans to discuss the perilous situation.

Some people still see Inverness Caledonian Thistle as an unholy marriage between two former clubs. However, the club has been massive for football in the Highlands and provided opportunities which would have never existed before.

What the future holds for Inverness Caledonian Thistle remains to be seen. But hopefully the final whistle will not be called on the club and there will be plenty of extra time to enjoy Inverness.


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