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Caley Thistle’s potential investor set Friday noon deadline

Positive talks give struggling Inverness hope the club could be saved from administration.

Caley Thistle's Caledonian Stadium. Image: SNS.
Caley Thistle's Caledonian Stadium. Image: SNS.

Potential Caley Thistle investor David Anderson has until noon on Friday to return with a firm offer for the cash-strapped League One club.

Inverness interim chairman Scott Young and board members Graeme Bennett and Gordon Fyfe met Anderson for crunch talks on Thursday morning.

Anderson, who is from Cullen and works in the IT and finance sector, was supported by Inverness businessman Don Lawson and represented by GRM Marketing’s Gordon Ritchie, there is still hope of a lifeline bid being accepted.

It was reported that a £1.2 million offer for 50.45% share in ICT was knocked back earlier this week.

Financial questions answered

Ritchie told the Press and Journal: “It was a good, positive meeting with everybody there. We all agreed the purpose of the meeting was to look at every opportunity for this club in its current form.

“The (potential) investor David Anderson met with the board members and (club consultant) Alan Savage’s accountant, who has carried such forensic work.

“We left David with the accountant, so that he could get all his questions answered.

“There are contracts and all sorts of stuff to be looked at. This situation is complex, so it is not an easy one to unravel We think we have enough information to make a decision.

Interim Caley Thistle chairman Scott Young at last week’s emergency meeting for fans and shareholders. Image: Jasperimage.

“It’s good we have now got around the table. It is just a pity it didn’t happen three weeks ago. Time-wise, the club must make sure it doesn’t become insolvent.

“David was heading back to Cullen on Thursday afternoon. He has all the figures and he will be forensically going through them, working out whether he has an offer to make. It was positive.

“We’re sitting on our hands, praying everything pans out.

“We have been given a deadline of 12 (noon) on Friday to see if there is an opportunity.”

Deadline passes for other suitors

Hours before this news, ICT confirmed the deadline for potential new investors to emerge had passed as they bid to avoid administration.

Caley Jags originally set a deadline of Wednesday night to raise the £200,000 needed to get through the month through a Save ICT Fund.

The club has raised just over £85,000 through its crowdfunder.

A short statement released by the club on Thursday lunchtime read: “The board can confirm that the time for any interested parties to offer for the club has come and gone.

“We are currently looking at our position and will make an announcement in the coming days.”

Inverness would be punished with a 15-point SPFL penalty if they go into administration which would leave them bottom of League One.

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