Home SOCCER Inverness Caley Thistle administrators receive 20 takeover inquiries

Inverness Caley Thistle administrators receive 20 takeover inquiries

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Inverness Caledonian Thistle administrators say they have received 20 expressions of interest to buy the League One club.

BDO said potential buyers of the 2015 Scottish Cup winners would be sent details outlining the investment opportunity in the coming days.

The firm thanked the local community for their support of the financially struggling club while the process continues.

Caley Thistle drew 1-1 with Kelty Hearts on Saturday but remain rooted to the bottom of the third tier table after receiving a 15-point deduction for entering administration on October 22.

The club, founded in 1994, was forced to sack coach Duncan Ferguson and let go of four first-team players. in an effort to cut costs late last month.

BDO, who previously took over the management of Heart of Midlothian and Rangers when they too went into administration more than a decade ago, are now handling the sale of the club.

A spokesperson for the firm said there had been considerable interestbut that some had questioned how the money invested would be spent.

They said: “We have received many inquiries from people wanting to help and support the club financially, from on-site restaurant opportunities to advertising etc.

“Understandably, some have wondered where the funds will go.

“I would like to emphasize that all funds raised will be used to cover the running costs of the club and will not be spent on professional fees or to pay historical creditors.”

The names of the potential buyers have not been revealed.

Businessman and former chairman Alan Savage stepped in to finance the club for the remainder of the season.

Caley Thistle lost £1.2m last season when they were relegated from the Scottish Championship following a two-leg defeat to Hamilton Academical.

That came just weeks before marking nine years since their Scottish Cup victory at Hampden against Falkirk on May 30, 2015.

The club is expected to lose a similar amount this year, but that does not include restructuring following relegation from the second tier.



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