A fairly accurate account and since my name is mentioned, perhaps I can add a little more to what actually happened.
A full board meeting took place in Dougie's office under his chairmanship and we were unanimous that a change of manager was needed. Apart from some disappointing results, there was also a good bit of unrest about his defensive style of play. Sergei had also not re-located to Inverness as promised and was spending more and more of the week back at his Perth home.
Prior to his arrival at the meeting, we also agreed a financial package which we would offer to him. I genuinely can't remember exactly how much but it wasn't a great deal. When Sergei attended the meeting to give his football report there was much humming and hawing until I finally bit the bullet and said something like 'Sergei, I really don't think this is really working for either you or the club, perhaps we should work out some sort of settlement'. With the ice broken, Sergei quickly confirmed this was his feeling too and within 15/20 minutes a deal had been struck. So it was by mutual consent that he left the club but had he wished to stay on, I am sure that we would have sacked him. We also saw no need for him to go immediately and if I remember rightly we humped Ross County in his last game.
The most amusing part was when I told him that we would use Allan Mackenzie as the club's solicitor and he should let us know who he wished to use. Sergei's response was 'Ken, I would like to use Allan too, can we go there together'. So the very next morning we met up at the Caledonian Hotel (as it was called then) and off we went to Allan's office to conclude the paperwork. We always got on well together and the whole proceedings took place in a most amicable manner.
Sergei always conducted himself with great dignity and we thought it only fair that we should allow him to leave with the same dignity.
Moving off topic, we considered that there were a good number of quality replacements but naturally were well aware of the success that Pele was enjoying at Huntly. After getting permission from his club, Dougie, Roy MacLennan and I were dispatched to meet Pele at a Nairn hotel. On the way through, we kept telling ourselves not to rush into this as we should also consider other candidates. After Pele outlined his vision for the club and finished interviewing US, we were totally sold. Nobody else was in the frame. Pele was the man we wanted and although Huntly required substantial compensation, a deal was finally agreed and a new era in our history began.