Inverness Caley Thistle to enter administration as crisis-hit club fail to find a buyer
dailyrecord.co.ukInverness Caley Thistle will enter administration early next week after a last-ditch bid from a consortium of six failed. The imperilled League One club, saddled with well over £3million in debt, expects to appoint administrators by Monday or Tuesday.
Earlier on Friday, local businessman Don Lawson revealed that a consortium now known to include Cullen businessman David Anderson, with backing from past chairman Ross Morrison and ex-directors Allan Munro and David Cameron among others, would mount a renewed six-man bid to avoid insolvency.
It was also stated that the joint bid involved shareholders who already held more than a 50% stake in the club. But only a matter of hours later, that attempt fell flat with those involved conceding it was unworkable.
That means the 30-year-old former Scottish Cup winners and Europa League qualifiers will suffer their biggest blow since formation with the fall from grace confirmed in a club statement on behalf of the board of directors.
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