Usually there are three sides .... each person's version .... and the actual truth !
This is the press release issued when she was appointed :
Inverness Caledonian Thistle FC is delighted to announce the appointment of a Chief Executive to provide strategic leadership and advice to the Board of Directors as the club restructures and looks to become a more community-focused club. Mrs Yvonne Crook is an experienced consultant whose skills in business development, branding and marketing are seen as hugely valuable assets as the club strives to attract new investment and operate in a more business-like and sustainable way. Mrs Crook is the owner of View Marketing and a founder and director of Good Highland Food Ltd, which she runs with her husband Mike. She has also held strategic advisory positions for several destinations and visitor attractions in Scotland including Loch Ness by Jacobite as well as Perth Racecourse.
Not sure "hemorrhaging cash" is quite the right description as we had been somewhat stable for the few years prior to that and the accounts, while never overly encouraging in any part of our 25 year history were not as bad as people are making out. We were a Premiership team, operating on a premiership budget with some costs we could not control and others that we might have been able to control better (that is ALWAYS the case) .... However, given that we had just been relegated, then a problem with cashflow would be expected to be the case in the coming year regardless of who was in charge. Last time we were relegated it instantly cost us over £1,000,000 on the balance sheet. Some of the challenges we faced last season could be laid at the previous board (contracts) but not everything .... and lest we forget, the "previous board" did not resign en-masse. Our current chairman was part of that board and changes took place over time with some stepping down and others appointed to their current roles.
Its also not rocket science to know individuals will be leaving the business ... last time we were relegated the "previous board" cut our staffing to the absolute bare bones to offset costs so its not a new or novel idea for this to happen. The fact of the matter however, is that most of the resignations quoted in the article are not redundancies or sackings due to cost-cutting but individuals making the choice to end their employment with ICT for other reasons. I know the reasoning behind at least two of those from the horses mouths but cannot speculate on the others. The ones I do know about have absolutely nothing to do with cost cutting.
The item in red concerns me ... especially given the quote earlier in this thread that the company she was quoted as being a founder/director of is now apparently doing the catering at the stadium and according to those who sampled it, it is of lower quality than what was there before. What was the tender process? Who appointed this company? Did the founder who was also our CEO remove herself from the discussions due to a clear conflict of interest?
While she may have been involved in the stadium discussions (or not?) I dont think she can take credit for it. The stadium deal was ready to sign long before she appeared on the scene and the couple of years of posturing, machinations and additional discussions that took place before it was finally signed have done nothing except pad the legal costs.
We have yet to see the details of this foundation, how it is to operate and what governance is placed around it. Its a great idea in principle, but as can be seen from sheepslagger's comments on other threads recently, a lot of this is still in the idea stage. It may have been her idea, and I would say that it is a good one ... but its far from the finished article.
Financial position is not improved as far as I can see it. The accounts, delayed until the stadium ownership was sorted, and could be included on them as an asset, are horrendous and come with an auditors warning never before seen on our accounts. As I said above, it was not going to be an easy task regardless of who took it on after relegation but to say it has improved is overly optimistic at best. £810K loss IS within her tenure. She was appointed in May 2018 after helping the board for the previous 6 months (as per the press release). That means she was around since November 2017.
I will agree once again that we do not need a CEO. No-one who has performed that role in the history of the club has shown it to be a crucial position at ICT. I would also agree with you regarding the serious questions and hope someone does ask these at the AGM. If I were still living locally I would be standing there doing just that. I would also encourage everyone to look at the ballot paper sent out and consider carefully before rubber stamping the options listed.