Inverness Caledonian Thistle have entered administration after a late bid to save lots of the Scottish League One aspect failed.
The membership launched a crowdfunding web page to lift £200,000 to see out the month, however they didn’t attain the goal by final week’s deadline.
Supervisor Duncan Ferguson donated his wages and has been working without cost in a bit to save lots of the struggling membership who wanted between £1.4m to £1.6m to proceed till the tip of this season.
They’re now set to be hit with a 15-point punishment from the SPFL for getting into administration, with the membership all however sure to maneuver to part-time soccer in the event that they drop into League Two.
Caley Thistle had been relegated from the Championship in the summertime and are seventh in League One – simply three factors away from backside spot.
Talks had been held with buyers within the UK, United States, Denmark and the UAE over a takeover however no deal was agreed, with directors now tasked with discovering new house owners. If unsuccessful – they may promote belongings to lift funds for collectors.
Duncan Ferguson has been working without cost on the membership
An announcement from the membership mentioned that James Stephen, Malcolm Cohen and Shane Crooks of BDO had been apppointed as joint directors.
A spokesperson for BDO mentioned: “We can confirm a formal appointment has been made and Inverness Caledonian Thistle is now in administration.
“We perceive this might be a troublesome and unsure time for the membership, its employees, its loyal fan base and the local people.
“The administrators will be in a position to provide further information and their plan to seek to secure the long term future of the club in due course.”
