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Celtic 3-0 Inverness CT - SPL

Rudderless Caley Jags sunk at Parkhead
 
With a new manager still not in place, John Docherty and Charlie Christie took control of the side and they sent out the same team that took a point the previous Saturday at East End Park. 
Mark Brown was fit enough to play and Celtic welcomed back Chris Sutton into the side as they eased the pain of their midweek CIS Cup defeat to Rangers with a comfortable win over Inverness.
ICT found themselves a goal down after three minutes when Aiden McGeady curled in a cross from the left and Chris Sutton rose high to head into the net. It was not looking good at that stage as the home side pressed to increase their lead but it was ICT who gradually clawed their way back into the game and had a good amount of possession, especially in the midfield area. 
Graham Bayne was once again a tireless worker and he neatly set up Barry Wilson but a good tackle by Neil Lennon thwarted the danger. The play swung to the other end and Mark Brown pulled off a tremendous save from Henri Camara before Juanjo was fouled and Roy McBain's kick went inches over the bar. 
Half Time: 1-0
The home side increased their lead in 52 minutes with the first of a double from John Hartson. Jackie McNamara swung over a low cross from the right and Hartson swept the ball into the net. ICT rallied well and Magnus Hedman produced an excellent save from a 30 yard effort by Barry Wilson. Hedman later denied ICT skipper Stuart Golabek by turning his fierce effort round the post. 
Liam Fox replaced Juanjo and he was immediately involved in some fine passing with Russell Duncan and Roy McBain. ICT were then given a great chance to get back into the game in 73 minutes when Stanislav Varga brought Richie Hart crashing to the ground. A stonewall penalty but Wilson's weak effort was easily saved by Hedman. 
To rub salt into the wound, Celtic increased their lead five minutes later with another effort from Hartson. McGeady passed to Jackie McNamara who moved in on goal. Mark Brown narrowed the angle but McNamara managed to squeeze the ball goalwards and it was eventually put into the net by Hartson. 
Full Time: 3-0
A double substitution by both teams was made but by that time the game was lost for Caley Thistle and Celtic ran out easy winners.
The goals...
 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Celtic: 3 (Sutton 3, Hartson 53, 77)
Team: Hedman; McNamara, Varga, Balde, Valgaeren, McGeady, Lennon, Sutton (Pearson 80), 
Thompson, Camara (Juninho 80), Hartson.
Subs not used: Marshall, Sylla, Lawson, Quinn - Booked: McNamara (26), Varga (74).
Inverness CT: 0 
Team: Brown; Tokely, Dods, Golabek, Munro, McBain, Hart (Keogh 80), Duncan,
Wilson (Prunty 80) Juanjo (Fox 67), Bayne.
Subs not used: Fraser; McCaffrey, Thomson, Black.

Referee:- Hugh Dallas. Attendance: 56594
By tm4tj in Reports 2004-05 ·

Board Statement

Teaser Paragraph:
A statement has been received from the Board of Directors of Inverness Caledonian Thistle Football Club that reads as follows....
Ken Mackie said: "Members of the board met for the first time with Ian Fraser and Dougie McGilvray late on Friday, where a full and frank discussion took place over the issues surrounding the re-registering the club to a private limited company.A number of proposals, which would secure the funding required to consolidate the clubs current position and ensure the playing of SPL football in Inverness next season, were discussed. Further information has been sought by both parties and another meeting will take place to discuss the questions raised."
Guest
By Guest in News 2004-05 ·

Stalemate - No New Proposals

Teaser Paragraph:
The latest statement from the Board of Directors of Inverness Caledonian Thistle indicates that the two major shareholders who voted against the AGM proposal have not submitted any alternatives.
Statement from Inverness Caledonian Thistle BoardThe board received a response from the shareholders who voted against the re-registering of the club to a private limited company, however unfortunately they offered no alternative proposals as were sought.
Therefore, the board is at this moment in time unwilling to meet with these shareholders as there are currently no new options to discuss. We have answered the queries that they raised and would be available for discussions when they present us with alternatives.
Guest
By Guest in News 2004-05 ·

Open Letter from David Sutherland

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David Sutherland, has sent a letter to the website and asked that we publish the Tulloch viewpoint. We will happily do so. We will also be happy to publish comments from other pivotal figures involved in Monday night's meeting if they wish to submit them so that fans can decide for themselves.
David Sutherland, has sent a letter to the website and asked that we publish the Tulloch viewpoint. We will happily do so. We will also be happy to publish comments from other pivotal figures involved in Monday night's meeting if they wish to submit them so that fans can decide for themselves. 
Message from David Sutherland, Tulloch plc
Understandably, considerable comment has been forwarded to the website following on from last Monday night's club AGM. I felt it was appropriate to comment on the situation from the Tulloch viewpoint.
For many years, we have contributed to the continuing finances of our club without any hidden motives and always with best intentions. Our investment is viewed by our board as contributing to the club's continuing role as a success story for the city of Inverness. We wish to continue supporting the club and are prepared to invest further to help bring SPL facilities and SPL football home.
At present, we are unable to do so as plc rules dictate that we and/or any party associated with the company and/or its directors cannot purchase shares without offering to buy out other shareholders and subsequently mount a takeover bid. We are not prepared to line the pockets of other shareholders at the expense of investment in the club.
We very much appreciate the support shown for the club's proposals by the overwhelming vote in favour at both the Member's Club and the AGM; on the website and by the numerous telephone calls we have received to date. Please continue to support the case for change to secure a viable future for our club once and for all.
We will not go away and will continue to assist the club, supporters and the vast majority of likeminded shareholders in ensuring that the fabulous success achieved on the field is matched by corporate stability if we are permitted to do so.
Many thanks
David F Sutherland
Guest
By Guest in News 2004-05 ·

Board Statement

Teaser Paragraph:
The Board of Inverness Caledonian Thistle FC met at lunch time today (Wednesday 9th November) to discuss last night's AGM vote to register the club as a private limited company.
The Board of Inverness Caledonian Thistle FC met at lunch time today (Tuesday 9th November) to discuss last night's AGM vote to register the club as a private limited company.The Board has now written to those major shareholders who opposed the motion and has asked them to table alternative proposals by noon tomorrow (Wednesday 10th November).
The Board is more than happy to meet with these shareholders, however in view of the seriousness of the situation they are being urged to act quickly.
All shareholders were given a month's notice of the AGM and the proposed motion to re-register the club, providing adequate time to consider the proposals and voice any concerns.
Following last night's AGM, Chairman Ken Mackie expressed his enormous disappointment that a minority of shareholders has opposed what the majority desire, which was to change to a private limited company, which in turn would facilitate further investment and help secure SPL football in Inverness next season.
Inverness Caledonian Thistle now finds itself at a crossroads and the Board is anxious to find a way for the club to move forward. Failure to quickly identify a solution could seriously undermine the stability of the club and jeopardise its aspirations on the field.
Guest
By Guest in News 2004-05 ·

ICT Move To Go Private Blocked

Teaser Paragraph:
Inverness Caledonian Thistle shareholders tonight (8th November) voted against re-registering the organisation as a private limited company - a move aimed at increasing further investment to ensure the club remains financially viable and able to compete in the Bank of Scotland Premierleague.
Inverness Caledonian Thistle shareholders tonight (8th November) voted against re-registering the organisation as a private limited company - a move aimed at increasing further investment to ensure the club remains financially viable and able to compete in the Bank of Scotland Premierleague.The change in status would have paved the way for potential investors to increase their support of ICT without fear of controlling 30% or more of the voting right at which point they would have previously been required to make an offer for the remaining shareholdings in the company.
On a show of hands, the proposal was backed by 81 votes to 10 while the influential Member's Club, the group that holds the voting rights for the former Inverness Caledonian and Inverness Thistle clubs, also voted in favour by 47 to 15.
However, when the proposal went to a written poll, where votes are weighted dependent on number of shares owned, the motion received only 65% backing, 10% short of the three-quarters majority necessary.
Chairman Ken Mackie said: "This is a real setback to the club that does put into doubt our long term consolidation and expansion plans. As a Board, we will have to now take careful stock before determining our next move. What happened this evening could be construed as a vote of no confidence in the current Board and to say we are disappointed is a gross understatement. A lot of people have worked extremely hard to ensure our top flight status and there is no doubt the outcome of tonight's meeting has made moving to the next level very difficult indeed, particularly coming at a crucial time in terms of the development of the stadium and the recruitment of John Robertson's replacement."
Guest
By Guest in News 2004-05 ·

Shareholders Urged to Back AGM Move

Teaser Paragraph:
The Board of Inverness Caledonian Thistle is urging shareholders to back a move to re-register the organisation as a private limited company at next Monday's Annual General Meeting.
ICT shareholders urged to back move to private limited company 
The Board of Inverness Caledonian Thistle is urging shareholders to back a move to re-register the organisation as a private limited company at next Monday's Annual General Meeting.
 
The company is currently registered as a public limited company and the alteration in status is required to facilitate the private investment required to ensure ICT remains financially viable and able to compete in the Bank of Scotland Premier League.
 
Emphasising the importance of acceptance of the proposal, Chairman Ken Mackie said: "The main aim of ICT on the field is to remain in the SPL and the board's priority is to ensure top flight football is played in Inverness next season at Caledonian Stadium. For this to happen we have to meet SPL stadium guidelines, and through Caledonian Thistle Trust Ltd and with funding packages from Tulloch plc and Highland Council, we have raised the money for this project. Further investment is now required to support the playing and commercial elements of the business including the necessity to ground share with Aberdeen Football Club but this will only be available if the resolution to be put before the meeting is approved.
 
"Currently the company is hindered in its ability to raise further investment as any single investor is limited to holding not more that 30% of the voting rights with the result that if that figure is exceeded, under the Government's City Takeover Code, an offer would require to be made to acquire all the remaining shareholdings in the company. This therefore proves a substantial disincentive to further investment by existing or potential major shareholders who may be willing to make further investment in the company but do not wish to exceed the 30% mark as they do not want to acquire the remaining shareholdings."
 
Ken Mackie continued: "While the ICT board is aware of concerns that have been expressed regarding any one shareholder obtaining control of the company, it is strongly felt that any such concerns would be substantially outweighed by the potential value of the additional essential investment.
 
"Additionally as has been expressed before the board would welcome the creation of a Supporters Trust which would allow them to potentially control a substantial shareholding/voting interest in the company and have direct representation on the company's board."
 
The AGM takes place in Caledonian Stadium's Kingsmills Suite on Monday evening (8th November) at 8 p.m.
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By Guest in News 2004-05 ·

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