Actually the accounts due this week ought to look better than usual in so far as they cover the season in which we made possibly £1m from the cup run, and bit of profit from the concerts too. The ones for the season just ended, however, will be an absolute car crash, with lower revenue from all sources. Those are the accounts we’d really like to see, but will no doubt have to wait a long time for them.

The Trust stated they had taken legal advice on the matter.

Yup.......................the more I think it over, the more I reckon there is some ulterior motive : dread to think what. The club is not being run with any consideration for the fans : those in charge seem to be doing their own thing for whatever purpose. The pattern has been there for a number of years : appointment of management / officials etc who have no affiliation to the club. There seems to be an attempt being made to take Inverness out of ICT.

It was great to see so many people there and I agreed with the vast majority of comments. One fan in particular who stepped up to the mic being particularly passionate, witty & eloquent. However, we’ve been completely done by the board. Deal agreed weeks ago, announced after the season end to stop any protests at the games. In such a short timeframe I can’t see how anyone can stop the move to Kelty. It’s going to happen. We are moving to Fife. Just insane.

Really!?

Willie Rennie grates works better

It was clear that the vast majority in the room were in support of a boycott on season tickets but the trust said they could not endorse it for legal reasons. A quick google shows that other fans groups have endorsed season ticket boycotts so I'm not sure what's different for us. https://www.shropshirestar.com/sport/football/wolverhampton-wanderers-fc/2024/05/23/wolves-1877-supporters-trust-message-to-fans-boycott-season-ticket-renewals/ https://www.sportsbusinessjournal.com/Articles/2024/03/27/manchester-city-premier-league-ticket-prices Either way the message from fans was clear and those in the room would rather take their chances with administration than accept the Kelty project.

The club's lack of transparency means that it is very difficulty to challenge any figures they produce. As you rightly point out, if you get rid of somebody who is doing a poor job, you then have to replace them. In relation to Board members and especially the Chairman, anyone potentially willing to take over from Morrison at the helm will want to see the full detail of the financial position and the projections for any options for the future. It is not easy. Often, the greater the need for change, the less likely it is that there will be someone willing to take over. And boy, do we need change!

Also mentioned that the excellent Wyness Shuffle team will be interviewing the Chairman tomorrow if I caught that bit correctly

Thanks for the feedback I was not at the meeting but am firmly behind all that were there and will not be renewing my season ticket.

The opening statement set the tone nicely .. "Welcome to the Kelty Club, apologies Caley Club" Not exhaustive but some key points from recall One key observation from the floor was that the accounts when released on friday should reveal whether the club have effectively been operating whilst insolvent since the last set of accounts. This is highly likely given the situation in financial terms has not been stabilised through throwing dice, aka anticipated income streams. Once the level of debt is established we then move towards the likelihood of administration, shedding certain individuals, contracts etc and only then would current major shareholders step in to re capitalise the club. Another other key point was the withholding of ST money etc is a personal choice and not a recommendation the trust can make, however it has been asked we update the trust if our intention is not to purchase a ST this season to allow them to guage the numbers. The trust update also highlighted that the request for a fan rep on the board had been discussed at the last board meeting and pre requisites included significant funds ( equivalent to 50% of the Morton scheme used as a benchmark although this is an established scheme which I think was calculated out at 75k per annum) should be made available to the club via the Stronger Together initiative before representation could be approved. The trust stated they had therefore withdrawn their request but will grow the fund until an opportune moment presents itself in future. A protest march was also proposed ( not the 12 July please as Gardiner would mistake it for something else) Finally it is clear the trust are doing their damdest but would welcome any extra pairs of hands or ears etc as they are swamped so I'm going to message them tomorrow. We need to step up now as time is of the essence. A lot of heat from the floor, literally and metaphorically as we were pretty crammed but it was heartening to see passion and anger on display as it shows a lot of people won't give up without a fight, even if we may not all agree exactly on the way forward.

That's a fair summary, Quizzer. The Trust will put a summary on here in due course but can everyone please bear in mind that the Trust Board are few in number, some are in full time jobs and there are a hell of a lot of things they are doing and will need to be doing during this crisis. So please be patient. They are doing a great job on our behalf and a big "Thank You" is due to them all, particularly George Moodie who chaired the meeting so well tonight. I am sure we will be hearing quite a bit from them in days to come - and that might well include some pleas for help! The vast majority of the Season Ticket holders in the room indicated that they would not be renewing this year until certain actions are taken. It is important to note that the Trust is not endorsing a boycott but it is taking the view that this should be a decision for individuals. Taking this neutral stance is important given the Trust's status as Community Benefit Society. The Trust's role here is to discuss the implications of any boycott with the club and to impress upon the club that it is the actions of the club which are the cause of the boycott and subsequent loss of revenue.

Doubt there will be much revenue there at this rate

Trouble is you still need a manager and still need someone to run the club, so it would be a case of saving a good proportion of those costs rather than all of it. And you probably need to find something like £150k to pay them off? I think that’d use up the vast majority of our season ticket revenue.

A rather tense, emotive meeting with some very articulate and considered contributions. To summarise, the vast majority of the room appeared to strongly favour administration as their preferred outcome by the time the meeting concluded. I know I know, sounds mad but it seemed the best option to get our club back, and we fully accepted the implications. There was some debate/conflict of opinions as to whether the future of the youth academy was secured or not, with someone very close indeed to the club saying they hadn't seen the evidence to back up the claim of it's secure future made by another contributor. A fair bit of pressure on the ST to come up with an action plan/already have one in place, but I think everyone understood by the end that this wasn't something that they could have put in place - as a small group - already. Some really helpful input by a few individuals, and a lot of passion and strong feelings in the room. No miracle solution, but a massive majority of people in favour of boycott/administration.

https://www.inverness-courier.co.uk/sport/caley-jags-fans-would-prefer-administration-over-kelty-move-351904/ https://www.inverness-courier.co.uk/sport/we-will-get-our-club-back-351905/?utm_source=dlvr.it&utm_medium=twitter

Ross Morrison says today moving to Kelty would save the club 300-400k Ditching Gardiner 100k Ditching Ferguson 300k Not rocket science is it

It seems the fans are as slow as the board on releasing information. Someone spill the beans please!

Scott Gardiner Q+A Q+A with Gardiner not long after he got the job. An example of one of the questions and his response: - What would your enemies say about you? I always liked a quote that I thought was from Sir Winston Churchill but it turns out it was from the great writer Victor Hugo: “You have enemies? Why, it is the story of every man who has done a great deed or created a new idea. Do not bother yourself about it; disdain.” So in short, I couldn’t care less. Disdain is good.

What happened at the meeting?

I’m absolutely not an expert… but from Companies House it looks like Morrison (and also Morrison and Gordon Munro on shares) is a secured creditor on the money he has lent to the club. Folks that know more about this stuff than me please correct if I’m wrong, but does this not mean that were ICT to go into admin, only Morrison (and the RBS) would be the ones getting their money back (or a % anyway) from the sale of any assets…? Something that no other Chairman seems to have felt the need to do? https://find-and-update.company-information.service.gov.uk/company/SC149117/charges

We're burning through that in less than a season. We need to reduce our overspend massively, not fund it.

Harper is gone. We get a development fee I think.