I don't think location had anything to do with Pressley not coming, I believe it was more to do with the lack of coaching opportunities at that time. I suspect he is kicking himself that he potentially missed out on a management opportunity.
I believe that Terry Butcher has enough 'clout' in the business to bring players north, in fact he said at one of the fans meetings that he didn't see it as an obstacle at all. In fact he said that Eric Odiambo and Richie Foran had no idea where Inverness was as he just told them to get on a plane and they duly arrived. :-) He isn't a fan of players living in Inverness on a part time basis and would prefer they re-located, this may or may not be a good thing, but if they want to play for us then that might just be the price they have to play.