Inverness Caledonian Thistle seeks support amid financial crisis

Club director Alan Savage calls for government intervention to aid recovery efforts.

Inverness Caledonian Thistle (ICT) is currently navigating a turbulent financial landscape, having entered administration due to overwhelming debts exceeding £3.6 million. The club’s director, Alan Savage, has reached out to UK sports secretary Lisa Nandy, urging her to lend her support in these challenging times.

As a former chairman of the club, Savage has taken on the role of a voluntary consultant, working tirelessly to secure the club’s future.

Administration and potential buyers

Following the decision to enter administration, the appointed administrators have confirmed discussions with 20 potential buyers.

This development brings a glimmer of hope for the club’s supporters, who have rallied around the Save ICT Fund, which has raised £87,500 towards a target of £200,000. However, the club continues to face significant challenges, including a 15-point deduction that has left them at the bottom of League One.

Government intervention and community support

Savage has emphasized the importance of government intervention, particularly from Secretary Nandy, who has been instrumental in launching the Football Governance Bill aimed at protecting clubs and empowering fans. He expressed his hope that Nandy would acknowledge ICT’s plight and consider including the club in broader discussions about football governance. Such recognition could potentially facilitate vital projects, such as the proposed £40 million battery storage facility at Fairways Business Park, which was seen as a significant revenue source for the club.

Future prospects and community engagement

As the club awaits the outcome of an appeal regarding the battery farm project, Savage is actively seeking new revenue streams. He has reached out to Danish billionaire Anders Holch Polvsen, who recently acquired the Dores Inn, to explore potential partnerships that could benefit both the club and the local community. Furthermore, Savage is encouraging local businesses to invest in advertising opportunities at the Caledonian Stadium, emphasizing that any funds raised will directly support the club’s operations during this critical period.

With the administrators confirming interest from multiple parties, the future of Inverness Caledonian Thistle hangs in the balance. The club’s supporters and the wider community are being called upon to rally together, ensuring that ICT can emerge from this crisis stronger and more resilient.