CaleyD

Does the stock transfer form contain any caveats stating that if Alan Savage doesn't get the required number of shares, and as a result pulls his offer, that the transfer will not be executed?

We've only ever sold out the current stadium once, and even in 2014/15 season our average was below 5000, so I'm not sure that maintaining the current capacity should be a priority. Feels a bit like buying a 6-bedroom house for your family of 3 because your Aunt and her family come to stay once every couple of years.

Do we even know if Scott wants to continue beyond the end of the season?

ICTFC should absolutely not be looking to own/run a hotel....ask Kilmarnock how well that works!

I'm just talking about hotel/events/conference facilities because it's the thing I know most about, and I can talk with some authority about the economic benefits. The site could bring equal, or even better, economic benefit with other uses also. The current stadium is hardly the most atmospheric, and a new compact stadium that brings the fans closer to the pitch would greatly improve that. 4 smaller stands to keep it fully enclosed would also help.

That may be why HIE won't entertain any discussion until the club is out of administration...as it's then not seen as part of the 'rescue' package. I'm not sure there would be much, if any, resistance from the decision makers. In the corridors of power we would be seen as 'giving up' a site that is worth far more to the area if used for something else. Any outlay on building a new stadium at the campus would be seen as the cost of vacating the East Longman site....and a new hotel & event/conference facility would easily repay that in a 3-5 years by way of economic benefit. There's actually plans for a hotel at the campus...it could be that those plans change if there's another, more desirable location becomes available. ICTFC, for once, may be in a position to give more to the economy than it has taken!

Appreciate it was a bit tongue in cheek, but Inverness itself doesn't need additional campervan facilities. The vast majority of the challenges there exist in more rural parts of the Highlands....like Dingwall I couldn't speak in any detail about current lease conditions, other than knowing it can't be transferred without council/CGF permission and that carparks primarily have to be used for the business/benefit of the football stadium. Things which are relatively easy to change if organisations are so minded. There are other site users who will likely be far more informed on those issues.

There would be a variety of different business lining up, and willing to pay handsomely, for our current site...my area of immediate expertise is tourism/hospitality, so I'll give a hypothetical scenario around that. I've said it elsewhere that I believe a deal would be along the lines of ICTFC giving up the lease in return for a stadium elsewhere, and at no cost to the club. The rateable value on the stadium at present is something ridiculous like £50,000. As such it is making very little contribution for business rates. It's also not bringing many people to the area who are spending beyond their ticket and a pie. Compare that to something like the AC Marriott, which has a rateable value of £600k, and the economic benefits to Highland Council of having a new tenant are immediate and manifold. Inverness ranked 2nd in the UK in the 2025 hotel market report...which means it's a sound place for anyone to build an hotel. Add in the long standing demand for event/conference space and it could be a goldmine for everyone. These are the kind of projects HIE exist to support. Regardless of how much has been put into ICTFC over the years, throwing a few million at relocating us would be nothing in comparison to the economic benefit...a virtual no-brainer. It would be daft not to look at it.

If Alan Savage gets his deal over the line then, as the one solely in control, the buck truly will stop with him. He won't end up carrying the can for the actions of others using any situation to their advantage.

Kenny Cameron was run off for running the club in that way.

The dice have been cast and we just have to see what happens. I suspect there will need to be a bit of compromise on the part of AS to get it over the line. If Ross Morrison has lost his preferred creditor status, then his vote will carry the CVA. I can't see the Supporters Trust members blocking any request to relinquish the voting right. Even if they do, then if AS gets to a point to carry a 75% vote, he could just right it out of the articles. The Football Trust shares aren't, in my understanding, transferable to FC Inverness, but AS could be given control via directorship. It's still not a given, and I still have massive reservations for the medium to long term, but to steal a quote from a favourite book of mine....

As far as I understand it, the board of Inverness Caledonian Thistle Supporters Society Ltd (the Trust) shouldn’t be able to give up the voting right without the permission of the members. Since the Trust is a Community Benefit Society, it’s meant to be democratic and member-led. Giving up something as important as voting rights in the club, which are held to protect the fans’ voice, and pretty much the reason for their existence, it's the kind of thing that should go to a member vote. If the trust board has done this without consulting members, I think there’s a fair case for challenging it, and I probably would!

If AS is offered a preferred bidder option, and accepts that, then so be it...but that's not what his statement said he wanted.

Then why make the offer if he knows it's impossible to complete? Exit strategy? Can walk away and claim it's because others didn't support his efforts? More games?

Your point isn't related to mine, but you are half right. In legal speak, the line from his statement that reads... - 100% of the shares are transferred to FC Inverness. ...would mean that, at the very least, agreement would need to be in place for 100% of shares to be transferred to FC Inverness Ltd. That means that share purchase agreements, or actual share transfer documentation, would need to be in place by end of play on Friday. As shareholders above have indicated, they haven't even been approached, let alone had the opportunity to agree/disagree. Just as an FYI, and not as a flex, I have experience in dealing with compliance around corporate/financial agreements, particularly relating to financial matters. I agree with your post, and the first part reinforces the second for many reasons, including, but not limited to the following.... To trigger the Squeeze Out provisions under Sections 979 to 982 of the Companies Act 2006, a few conditions need to be met. First off, a formal takeover offer has to be made to all shareholders. The key threshold is that the offer has to be accepted by shareholders holding at least 90% in value of those shares, and that 90% must also represent 90% of the voting rights.* Once that 90% is secured, the offeror then has the right to buy out the remaining minority shareholders – but they need to act within a set time frame. Specifically, they’ve got 3 months from hitting that 90% mark to serve notice of their intention to acquire the rest. And they need to complete the process within 6 months of the original offer. The terms of the offer have to be the same for everyone in that share class – no picking and choosing. Once the notice is served, minority shareholders get at least one month’s notice before their shares are compulsorily acquired on the same terms as the rest. The point of all this is to allow the buyer, once they’ve effectively got control, to tidy things up and become the sole owner of the company – without being held up by a small number of remaining shareholders. *The Supporters Trust have the 10% voting right plus an additional 10,000(ish) shares which means this requirement cannot be met without their agreement. In order to attempt to reach that agreement the ST would need to hold an EGM, which requires a minimum of 28 days notice. It would take at least a month (and a lot of good fortune) to have any chance of reaching the 90%, and then another month to acquire the remaining shares....with zero guarantee. Also, as I have said previously, the 790k shares held by the football trust cannot (at least directly) be transferred to FC Inverness Ltd, as it would breach their articles. Bottom line, there's zero chance BDO can accept the offer, as it was presented publicly, before the deadline.