I don’t have time to post any more than this for now but Panos Thomas has emailed shareholders with a very lengthy update where the headline looks like being confirmation that, unless £200K can be raised by October 16th, then Administration would be “inevitable” since the club would be insolvent.

Edited October 2, 2024Oct 2 by Charles Bannerman

1 hour ago, Scotty said:

"However, we suspended these discussions when it became clear that the gap between buyer expectations and seller ability to deliver was unlikely ever to be bridged."

Seriously? Should that not be reversed?

I originally read that as Ketwana being the seller - selling his finance services to the club - and therefore the club being the buyer.  That would make sense, meaning that the Board eventually realised that he was a fantasist with nothing behind him.

However, I suppose it could mean that he, as buyer, found out that the club, as seller, didn't have the assets that he thought, such as the land around the stadium.

Either way, we dodged a bullet.  But there's heavier artillery incoming now.

12 minutes ago, Fraz said:

https://news.stv.tv/sport/duncan-ferguson-admits-hes-managing-inverness-caley-thistle-for-free?fbclid=IwY2xjawFre_JleHRuA2FlbQIxMQABHYEjmuIRIXwbD5mSHzCPm3Kjx-wPp9UevZv_F3nyb66owKzJ5SiwEdBdRg_aem_f0jE5dJo4PpXhCASgwh_Tw

 

To be fair, he should actually be paying the club for putting up with him!

Fundraiser now up and running on Go Fund Me.  Currently standing at £10!

On 10/2/2024 at 11:36 AM, RednBlackComeback said:

Even if somehow the £1.5m was secured from somewhere, . . . . 'second place finish in the league' ? - not a chance, with the current management incumbents!

ICT had slow starts gor many years, give the boss and team a chance.

53 minutes ago, DoofersDad said:

Fundraiser now up and running on Go Fund Me.  Currently standing at £10!

I'm struggling with this Go Fund Me malarky tbh. £200k in two weeks? What happens after that? Another Go Fund Me for November etc etc? Don't get me wrong, I don't want ICTFC to die. Those folk at the top that got us into this mess in the first place have more money than me and they're all collectively responsible for it so maybe they should cough up.

I wonder what payment is due by 16th August that would take us into insolvency if we can't pay?

Fair play to Jack Waddington stumping up a grand for the GoFundMe. That's what you call commitment to the cause!

Maybe they can add in the money that was raised for the west stand roof.

2 hours ago, Fraz said:

https://news.stv.tv/sport/duncan-ferguson-admits-hes-managing-inverness-caley-thistle-for-free?fbclid=IwY2xjawFre_JleHRuA2FlbQIxMQABHYEjmuIRIXwbD5mSHzCPm3Kjx-wPp9UevZv_F3nyb66owKzJ5SiwEdBdRg_aem_f0jE5dJo4PpXhCASgwh_Tw

 

Fantastic gesture from Big Dunc - hoping that now even the fans that don't think he is the right man for the job really rally behind him as he has demonstrated he is doing all he can for the club.

My idea for quick injection of cash - glamour friendlies against Everton and Newcastle.

Edited October 3, 2024Oct 3 by robbo1985

BREAKING .... press release just issued

Quote

The club can confirm Mr Panos Thomas has resigned with immediate effect as a Director and the Interim Chairman of Inverness Caledonian Thistle FC's Board of Directors.

 

Mr Thomas said it was with deep regret that he was standing down and explained his decision was due to a personal family reason.

 

He said: "I would like to thank my fellow directors, staff and players at the club, the supporters and shareholders for their tremendous support to me during my short time in the role as Interim Chairman.  I will always fondly remember the resilience, tenacity and endeavour of those folk whom I worked with.

 

"It is now time for me to hand over to others to find a way forward for the club that I have supported wholeheartedly since moving to the Highlands to live.  I wish everyone at the club the very best for the future."

 

A retired orthopaedic surgeon,  Mr Thomas was appointed a Director on 23  February 2023 and Interim Chairman on 3 August 2024.

 

The club would like to place on record our thanks to Mr Thomas for his efforts as a Director and as Interim Chairman and wish him the very best for the future. Mr Scott Young now becomes Interim Chairman of the club.

 

The club would like to also place on record our thanks to Mr Allan Munro who resigned from the board last week. Mr Munro rejoined the board in November 2019. We wish Mr Munro the very best in the future.

 

We're also pleased to have launched the 'Save ICT' fund this afternoon. The crowdfunding is through GoFundMe.

 

You can donate to the fundraiser from the following link: https://www.gofundme.com/f/inverness-caledonian-thistle-fc

 

Any supporters with fundraising ideas can now email the club on [email protected].

 

We have reached over £9,000 in donations within the first two hours.

 

We are also preparing for Monday's Open Meeting, which will now be chaired by Interim Chairman Scott Young, in the Highlander Suite at 7.30pm. We are expecting high numbers and will prepare the room to maximise the space available.

 

1 minute ago, Scotty said:

BREAKING .... press release just issued

 

Like rats deserting a sinking ship

20 minutes ago, robbo1985 said:

My idea for quick injection of cash - glamour friendlies against Everton and Newcastle.

Nice ideas but sadly i think we'd get higher gate monies if he got a huns select from his time there to play us, bring out the Inverness orange pound. Probably more interest in the city than seeing EPL youths and reserves

 

One down four or five to go...

Guess we will never get the answer to the question about walking off Doran's ACL injury!!

43 minutes ago, tm4tj said:

One down four or five to go...

Is it not just three? Gordy Fyfe, Grassa and Scott Young?

31 minutes ago, Charles Bannerman said:

Is it not just three? Gordy Fyfe, Grassa and Scott Young?

Scot Young now interim chairman………Really!  Part of the group who let last CEO go unchecked. Who will now be SLO……… Lionel Nessie ???!!!!! 

Not entirely sure how I feel about the people who are due to answer our questions while squirming in their seats, slinking out of the fire exit tbh...

3 minutes ago, CaleyCiuin said:

Scot Young now interim chairman………Really!  Part of the group who let last CEO go unchecked.

In fairness he was only appointed just over a year ago, by which time our demise was well underway and most of the damage had been done. He also also shown plenty of willingness to work with and communicate with fans.

3 minutes ago, Yngwie said:

In fairness he was only appointed just over a year ago, by which time our demise was well underway and most of the damage had been done. He also also shown plenty of willingness to work with and communicate with fans.

Absolutely agree he seems more grounded and engaged than other directors. I understand he has not put a penny into the club, so why is he now in a position to preside over the club given he was in a great position to challenge the previous regimes actions. Was it because he was appointed by RM & SG ???

4 hours ago, DoofersDad said:

Fundraiser now up and running on Go Fund Me.  Currently standing at £10!

If anyone spots a donation from Scot Gardiner, be sure to let us all know! 

Just now, Yngwie said:

In fairness he was only appointed just over a year ago, by which time our demise was well underway and most of the damage had been done. He also also shown plenty of willingness to work with and communicate with fans.

Over 1 1/2 years. That's a long time to question the CEO who was running the club into the ground by misadventure. He also remained silent at the end of the season when players like Doran were left to deal with their own future and knees. They are all culpable and their lack of conscience is worrying.

Aye Charles, 3,4,5...... Pick a number, add those that are already gone, multiply it by Thousands and there's the answer. This Massive debt is not owned by just one man. 

As said before, there is definitely a Netflix move in there somewhere.

He's back...

You honestly could not make this up 

13 minutes ago, STFU said:

He's back...

Monday night'll be a right laugh

I cant, I just cant ....