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Two weeks to save Inverness Caledonian Thistle, says club

ICTFC was in talks with a potential buyer earlier this year, but later suspended the negotiations.

In a letter, the club told shareholders: “We need to accept the reality of the situation that with debt by May 2025 likely to be £1.4-£1.6m to cover cash loss, potential claims and back log creditors and a balance sheet standing at negative £3.8m by the financial year end in May 2025, finding a credible buyer is highly aspirational.”

ICTFC said there remained a hope that administration could be avoided, but it needed an immediate injection of new funds.

It said: “Unless the appeal can raise £200,000 immediately, and certainly by Wednesday 16 October, then administration is inevitable because the club would be insolvent.”

In the letter, the club said its role in a proposed battery electric storage scheme could earn it £3.4m.

But the project is the subject of a legal wrangle after Highland councillors refused the development planning permission.


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