Presumably, Scotty, your "most of" qualification refers to the one almost fatal period around 2000 where the stadium had to be handed over to the Trust and in excess of ?2M of debt miraculously disappeared from ICT's books. That, of course, means that ICT now owns no significant asset (players in contract and the Social Club being about it) to trade against any future financial crisis (not that I'm suggesting that one is likely.)
In the warm afterglow of winning the First Division last season and returning to the SPL, I sometimes wonder if the Board have ever had an informal "what if" session on the scenario of NOT having bounced straight back up?
What I am talking about is last year's ?947K debt (well actually a bit less than that since the bonuses to players would have been less in these circumstances)against continuing SFL income streams rather than those of the SPL again this season. That would have been quite a serious situation but not, I would suggest, in the same ballpark as a decade ago.
I'm sure when Price Waterhouse Coopers did a review of Scottish clubs finances only Ourselves Hamilton and Saint Mirren were the only clubs to turn a profit. Albeit I doubt it was big profits. Also I don't know for definate but I think David Sutherland and other board members underwrote the debt of a few years ago. Like I say can't be 100% sure of that last bit.