snorbens_caleyman

I am sure that they don't know. The agreement is probably that Savage will help out until the club is on a firmer footing, with 3 to 6 months being the estimate for this. I agree, but it looks to me as though they are staying on. The statement "Working alongside the Club’s Board of Directors, Savage has taken the initiative ..." is poorly written. Yes, it's in the past tense, so could very well refer to whatever has happened over the past few days, resulting in Savage's appointment. However, it might be a badly written statement trying to say that Savage will work alongside the Board over the next few months. I suspect that getting rid of the Board will not be his highest priority - although I don't know the man or his usual way of working. But I also remember that Panos is "Interim Chairman". The fat lady is not nearly ready to sing yet!

You are following this correctly. But I am also sure that Mr Savage is realistic enough to realise that first priority will be an injection of cash to ward off "insolvency events".

That's all that anyone can ask for

Yes, of course there is still a mountain to climb for the club and team. But with a local, genuine businessman in charge, who has always cared for the club, things are infinitely better than having an absentee fantasist whose interests were solely in making money. I look forward to the statement from the Supporters' Trust And I, for one, welcome our new winter constellation overlords

Looks as though the Board is staying. But does saying that Savage has been appointed "to take charge of" the club mean that he's Chairman?

More from the Sun: "A club statement read: "After months of uncertainty surrounding the future of Inverness Caledonian Thistle Football Club, the board of directors have appointed local businessman Alan Savage to take charge of the struggling Highland club to put the team in a firm financial position. Working alongside the directors, Savage has taken the initiative to oversee the organisational restructure of the club as they seek to remedy their financial issues, with chief executive officer Scot Gardiner leaving his role with immediate effect. The club have also suspended negotiations with Seventy7 Ventures, who had been seeking to acquire a majority shareholding, with Savage beginning immediate work carrying out an internal forensic review of the club's financial position to establish plans for the club's future and setting the team into a viable position for new ownership. Savage and the board are now looking to rejuvenate the connection between Inverness Caley Thistle and the community which will be integral to the long-term future of the club and are seeking support from local businesses to address the immediate financial shortfall until further long-term investment can be secured. The club are now working with Scottish sports marketing agency GRM Marketing to engage with a number of investment leads and commercially drive the club forward. Inverness Caley Thistle is hopeful that the community will once again rally around the team and come together to support the new foundations being established."

The Sun article has been updated. "It's understood Savage has already been contacted by potential investors from Europe and further afield to help with his plan. Windsor-based businessman Makwana only assumed control of the League One club in the close-season. Chief executive Gardiner had indicated in June that he was ready to resign - but would stay on to assist with new investment. But now both men have left the club with details of the fresh takeover set to be confirmed in the next 24 hours. It's understood Savage has already spoken to manager Duncan Ferguson, club directors and staff at the Caley Stadium to inform them of his plans."

If Makwana really is on his way back from Dubai, as his earlier post suggested, then perhaps they are doing him the courtesy of waiting to inform him first when he touches down. Though I'd have thought he would be travelling in ultra-exclusive-platinum class, with the best immersive digital experience - internet to you and me - on the planet.

https://www.thescottishsun.co.uk/sport/13339396/scot-gardiner-leave-inverness-caledonian-thistle-consortium-bids/ If true, then surely the Board has to resign en masse, to take responsibility for the recent fiascos and in particular for accepting the "offer" from the Windsor Walter Mitty.

"Help me, Muirfield Mills! You're my only hope.". "Muirfield Mills? Now that's a name I haven't heard in a long time. A long time!"

Well, four hours ago Makwana was in Dubai or just leaving it. "As I head back home from my business trip to Dubai… all I can think of is seeing my family and making up for lost time with my best friend Simba 🐶🐾" https://www.linkedin.com/posts/ketanmakwana_things-i-have-learned-about-slowing-down-activity-7229000460706217988-3M2w?trk=public_profile

After the concert fiasco, I am sure that a lot of local businesses won't go anywhere near ICT. Now, after defaulting on loan payments, I am sure that a lot of SPFL clubs won't go anywhere near us either. And, in our hour of need, I wouldn't now expect any favours from the Council. Fouling one's own nest.

How many fans of any sort? The BBC is repoting the attendance as 386

Still conceding goals immediately after the restart. A constant in a changing world...

Possibly to discuss share issue or transfer topics? If Makwana has promised Gardiner that he will keep him on, then he (Gardiner) may now be perceived as having at least a substantial monetary and personal stake in this, and very possibly a conflict of interest.

And the Club has a watertight legally-binding agreement with them which will enforce this? Not getting at you personally, of course. It's just that right now sceptism is the only response that I can muster to anything that the club does or says.

Come to think of it, Ferguson might be just the man to get some straight answers out of Makwana

It's been changed back to Seventy7. The person who made the edit says that "The club have confirmed the change of majority shareholder." Did I miss that confirmation?

Three planes - how many people? Coming over for the Glorious Twelfth? While you're here, would you like to buy a football club?

Now done. Let's see how long it lasts...

Fron the edit history, the change was made on 26th July by a user called "Coatbridge Chancellor", who spends much of their day updating Scottish football entries. They describe themselves thus: "My main interests on Wikipedia are Rangers and Association football, particularly Scottish football." So now we know what Scot Gardiner does all day I've never edited a Wikipedia page before, but I might just do this, to see what happens. Would we agree that the current owners are "private shareholders"? BTW, there's a LinkedIn post from 10 months ago, in which Makwana appears to pass himself off as the owner of Hayes and Yeading - https://www.linkedin.com/posts/ketanmakwana_hyufc-football-sportsmanagement-activity-7116705287759093760-fD8a

https://find-and-update.company-information.service.gov.uk/company/SC149117/filing-history?page=2 On 03 August 2017, at an EGM, am ordinary resolution was passed which "...generally and unconditionally .. [authorises the Directors] .. to allot shares in the Company or grant rights to subscribe for or to convert any security into shares in the Company ("Rights") up to an aggregate nominal amount of £5,000,000 (including the issued share capital of of the Company as at the date of this resolution) ...". This was immediately followed by a special resolution which empowers the Directors to allot equity securities in accordance with the other resolution. Both resolutions say that these powers shall expire five years after the passing of them, unless renewed, varied or revoked by the Company, save that the Company may, before expiry, make an offer or agreement which would reqiure shares/rights/equity securities to be granted - presumably after the expiry date. Or - and this is the bit that intrigues me - "the Directors may allot shares or grant Rights / allot equity securities in pursuance of any such offer or agreement notwithstanding that the power conferred by this resolution has expired.". Almost identical resolutions were passed at an AGM on 18 December 2017, save that the amount is £6M, not £5M, and also a reference to a "grant of Rights in the period of 35 days prior to" the 03 August resolution is removed. Does that last bit in italics mean that the Directors can do this whenever they want? Assuming that these resolutions have not actually been revoked, even though they may have expired. (Though I realise that they may have been renewed at subsequent AGMs.) Am I right in thinking that, with about £5M already in the accounts as "called up share capital", this would allow them to issue only £1M worth of new shares? I can't see minutes of the AGMs, so I don't know if this has come up with since 2017.

Have just discovered that Seventy7 tried to buy Southend United in late 2022. The deal was fronted by a guy who seems to be a local-lad-made-good, Carl Reader, but money would have come, via Seventy7, from a Monaco-based pension fund. Reader admitted that the investors were interested in the land, the property, and the development potential, and not in the football club. The fans asked the same sort of questions that we have been asking. The deal fell through in early 2023 - it seems that the chairman Ron Martin simply refused to consider it or even talk to Reader & co. If you are interested, there are a couple of discussion on a Southend fan forum - look for responses from the front man "Carl Reader" or "Carl": https://www.shrimperzone.com/forums/threads/carl-reader-seventy7-ventures-want-to-acquire-the-club.111822/ https://www.shrimperzone.com/forums/threads/q-a-with-carl-reader.111823/ Martin finally closed the sale of the club last month - NOT to Seventy7 - https://www.bbc.co.uk/sport/football/articles/cedxldzgyw7o

Which is surely the biggest, reddest flag of them all.

Courier headline: "Ketan Makwana says no changes at the top at Inverness Caley Thistle until he knows ‘what’s working, what’s not working’".