ictchris

We need to beat Kelty and Montrose.

Hopefully we are bought by some insane oligarch from a tinpot dictatorship who has access to infinite money because he won the Gibrovian potash wars in the 1990s.

Another amazing meeting, which we seem to have had many of recently. https://www.pressandjournal.co.uk/fp/sport/football/inverness-caledonian-thistle/6716456/transformational-ict-shareholders-summit-lessens-liquidation-fear/

I heard a rumour that there's a statement coming today btw.

We can just build the stadium where the battery farm was going to go, we own that land anyway, or David Cameron does, and all the goodwill we've built up with the people around there and the council we'll sail through the planning process.

Reading stuff about building a new stadium really makes me worry about what is going on. We need a buyer for the club but haven't had a bid, now we are talking about a new ground? That will cost millions and would put any buyer off. I think things are very bad and liquidation is probably the most likely outcome at this point.

At the end of it, these guys are owed £3m by a lower league Scottish football club. They aren't getting their money back.

Courier reports that we have lost our Bronze license.

Any update at all on progress to find a buyer? Hasn't even been any rumours of buyers.

All we need now is for the other eight teams to follow them and we're back in the game!

Someone who might know about this sort of thing told me that Brooks was one of our highest earners.

Interview with Adam Brooks about being made redundant. I feel really sorry for Brooks, think he could have had more of run in the team. HOpefully he gets a new club soon. https://www.inverness-courier.co.uk/sport/exclusive-30-seconds-and-i-was-gone-adam-brooks-on-a-h-364921/

I'll echo what's been said by others about the game. We played really well for an hour, moved the ball well, looked threatening and were the better team. A couple of bad errors, losing a ball in themiddle of the pitch for the secondgoal and leaving a man at the back post for the third goal, saw us go down. It'll be a lesson learned and I think that we'll benefit from having Danny Devine back in the middle. Positives are that I thought Longstaff and Bray had good games, particularly in the first half. It's probably the best I've seen Longstaff play for us. Both faded when they were switched in the second half though. In midfield, the structure was good with Allan dropping deep and MacKinnon and Thompson ahead of him. Think Thompson might have been a bit match rusty. The negatives were that we might have had a lot of the play but we didn't score when we were on top, we didn't press home our advantage. We also didn't force their keeper to do much - he had one save I think in the second half that you thought we might have scored but nothing beyond that. We really are lacking in attacking over - our only centre forward is Billy Mckay who is getting on. We don't even have anyone to play up front from the bench. Chatter before thegame was that Adam Brooks was one of our highest earners, up to £1000/week, so from that viewpoint I get why he was made redundant but it leaves us very thin up top. Thought our fans were great, good to see a healthy travelling support who mainly stayed to the end.

We would have been in administration within the 12 months. We'd have had massively reduced income from supporters and sponsors if the move had gone ahead, the situation would have been unsustainable. That little spiel from Ferguson actually makes me think far less of Ross Morrison. He was prepared to fund the club for twelve months if we moved to Kelty but people didn't want to move to Kelty so no funding? I don't blame him for not funding the club anymore, it's burning money really, but he would ONLY fund it if we moved football operations 140 miles away? Seems a bit of a tantrum.

Another question I had - why are our current chairman and our former chairman both telling the media that the club has never been profitable, or has only been profitable once in the last twenty years? This is proveably untrue - the club has made profits in 2006, 2007, 2013, 2014 and 2015. Those are only the years that I can find figures for. In addition, during those years that we made losses we didn't have any debt and didn't rely on bailouts. In addition to this, when we were relegated in 2009, we 'wrote off' a year to try and get back into the top flight, gave out one year deals so if we didn't go up we would be able to rebudget.

If he's been working without pay then he'll join teh queue of creditors - he'll be quite high up it as a football creditor. I wouldn't start joining hands and singing Kumbya for the guy just yet. Personally, I think he's been a terrible manager. Even if you leave aside the on-pitch issues, he was completely silent as the club was in turmoil in teh summer, saying nothing about the Kelty move, he seems to have done nothing about the situation with Aaron Doran for example. He's not been a leader, he's defeatist and has a bad attitude. It's the opposite of what we thought we'd get from employing him. Does anyone know if we are actually confirming going into admin or are we just leaving it? Has the laptop at the stadium been sold to raise money to pay off Scott Gardiner?

Three part article in the P&J about Gardiner and his reign. Appalling details. The guy is an absolute idiot.

If people want to donate to the crowd funder then good for them. I don't see what it is actually going to achieve. Will we have one every month? At least with Hearts Foundation donations the people donating are part of the ownership of the club. I haven't read all this thread, or all of the other discussion, but as far as I can tell, the club is screwed. We owe millions to previous board members who, despite the update a month ago from Alan Savage, haven't agreed to take it on the chin because they can't afford to. The club needs to limp on until the Scottish Government offer an appeal on the battery farm, if that gets the green light then the money can go to pay off the creditors and we can start with a clean slate. If it doesn't then the club goes into admin, potentially (likely) liquidation. Even if we don't we could get demoted, we could lose our license etc. Genuinely the worse run club in Scottish football since 2015. Appalling.

Reading that statement, the club is f*cked. First point is a crowdfunder to raise £200,000 to keep us going for a couple of weeks, second is "email Panos with money making ideas". Appalling. The people they are asking for money have already put in thousands of pounds to the club over the years - they are season ticket holders, shareholders, people who buy merchandise etc. You can't just keep going back to that well, especially as the club has been so poorly run. When we got relegated I wondered if we'd make it through the summer, now I'm pretty sure we won't make it through the season.

Every update just seems to be the same - we are making massive losses, it's unsustainable, we need more funding. What's the plan for getting out from under this? You can't do a monthly crowdfnder for £200,000.

The forensic auditors reporting back on the losses

More details in the Courier today about the Portugese company. https://www.inverness-courier.co.uk/sport/portuguese-wealth-management-firm-ready-to-pump-2-5-million-359019/ Doesn't sound like it's the company referred to above. For those who can't see the article The article goes on to say that the Chinese investors had to withdraw their interest due to reglations preventing them investing in the UK. And also, to the surprise of no-one, Ketan Makwana did not provide any proof of funds to the club during his bid.

Monza were owned by the Berlusconi family, since Silvio died they sold the controlling interest to Orienta Capital Partners, who are an Italian private equity company. Orienta have a relationship with Faro Alternative Investments - https://www.faroalternativeinvestments.com/orienta-capital-partners/ - who are a Luxemberg based investment group. Faro is a city in Portugal so maybe the people behind the company are Portugese, this might be who are being refered to.

Alan Savage said in the P&J that he has put £150,000 in, presumably to meet immedate wage needs etc.