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Given the losses that the club have made and the qualifications that have been made to ICT FC's Annual Accounts over the pass few years it is quite possible that there are legitimate questions the Administrator's will ask. Bear in mind that at the beginning of July 2024 the Board was confident that the Company was a going concern: The independent auditor's report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 3 July 2024 was Paul Capewell, who signed for and on behalf of A9 Accountancy Limited. Included within the audit report is a material uncertainty relating to Going Concern: "We draw attention to note 1.2 in the financial statements which indicates that the company incurred a net loss before tax of £588,053 for the year ended 30 May 2023 and, as of that date, the company had net liabilities of £125,816 and net current liabilities of £2,160,442. As stated in note 1.2, these events or conditions, along with other matters as set forth in note 1.2 indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter. We understand that the Directors have taken action to pursue new investment (additional details are provided at note 1.2). In the meantime, we understand that the Board of Directors are confident that the company can meet its financial commitments as they fall due. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report." Senior Statutory Auditor: Paul Capewell Statutory Auditor: A9 Accountancy Limited Date of audit report: 3 July 2024

We could not have asked for anything better at this stage!! This is so far extremely good news.

Inverness Caledonian Thistle FC can confirm Adam Brooks, Cameron Ferguson, Flynn Duffy, Wallace Duffy and Jack Newman have all the left the club with immediate effect following the ongoing review of the financial position with the Joint Administrators.

That's a bit unfair saying 'no brainer' given his DNA.

Totally agree with this. It was great news yesterday that an established local coach was being retained. A person who survived significant adversity himself. Even better that Billy looks like being kept on. It is now likely, depending on the squad of players who remain, that we will be more positive each time we take the field. Anyone who was at the first game against Arbroath this season in the cup will know how incredibly well the young team took them on in the first half. When we brought on the established in the second half, the no shooting rule seemed to be back in force. With our backs against the wall hopefully we have suffient members of the current squad to go forward again. Will soon find out.

The fraud word may be something we do hear about in due course considering the lack of governance shown in recent years.

From a personal perspective I am pleased for us and Scott Kellacher with this news.

Ross Morrison will find a way with SG as Project Manager to offer some benefit from the security he has over the club's modest assets!!

I was wondering whether Orion will temporarily employ any of the more senior players if they are made redundant.

This is the objective link https://www.gov.uk/put-your-company-into-administration#:~:text=For as long as the,have or make employees redundant. Not sure if the application gets listed on the Court of Session rolls but as of today I see nothing listed. Happy Birthday Billy. Am sure this is one you will remember.

What we do not know is what was known to the players and staff about the off field issues in the last 12 months that made getting results very difficult. For instance, the policy on loan deals perhaps enforced by SG. We do not know the answers to many key questions.

Have you consulted Scot Gardiner about your options?

Thanks STFU. From a legal point of view the Directors today ultimately had no choice it seems but to initiate Administration proceedings. As I read what Alan Savage has mentioned, it is that he tried to get debt written off and for a while it looked as if he had succeeded. However, he did warn that he needed legal documentation to back up apparent verbal offers. So now that we are on the precipice it is quite possible the new consortium have revisited their positions.

The good news is that we are not currently in administration. We still may not go into administration. The odd news is this https://find-and-update.company-information.service.gov.uk/company/SC149117/charges/VunPJMjGNFLJk9jRV44xS5A6kDg INVERNESS THISTLE AND CALEDONIAN F.C. LIMITED Company number SC149117 Charge code SC14 9117 0014 Charge codeSC14 9117 0014 Created 22 September 2016 Delivered 30 September 2016 Status Satisfied on 18 October 2024 View PDFfor Registration of a charge (MR01) (5 pages) Transaction Filed Registration of a charge (MR01) Persons entitled The Royal Bank of Scotland PLC Brief description Contains floating charge. Floating charge covers all the property or undertaking of the company. Contains negative pledge. Additional transactions filed against this charge Additional transactions filed against this charge (PDF links open in a new window) Type(of transaction) Delivered(to Companies House on this date) View / Download(PDF file, link opens in new window) Satisfaction of a charge (MR04) 18 October 2024 View PDFfor Satisfaction of a charge (MR04) (1 page)

https://www.inverness-courier.co.uk/news/breaking-6-strong-highland-consortium-ready-to-mount-bid-to-364144/

Write off your loans and debt requests or get nothing or peanuts with administration and everything that goes with it? Morrison showing his emotion in the P and J although that is all I can see - surely he has the ACE to solve this conundrum?

But as you have seen, there are many compassionate people who are doing everything in their power to help despite personal failings because they highlight the positive memories of time with that body.

Story likely to be close to reality - it is not on Fox News. I do not mean Johnnie Foxes. There has to be just a smidgen of hope that someone rescues the club - before administration, which might not end well if it happens.

In addition, the club seem confident we are playing Annan this Saturday.

Could it be that Savage was given promises on debt write off, minds changed, administration was the final card, creditors to gain nothing from a club without any real assets, and do not want to participate in the future running of the club, but at the final hour agree write off to facilitate a takeover? Why delay until Friday if there is a slight chance of avoiding all hell letting lose with administration?

Our emotional last game before administration?

He is correct in describing the impact which administration will have on the club and community. We do not know the full facts of what has actually been happening behind the scenes at the club but all here say points to the fact that SG has not helped the club avoid administration.

Our tiddly little Board and AS have thrown in the towel but surely Super Caley could still Go Ballistic in the next 6 days. Administration and Elgin passing us in the night does not seem right for the City of Inverness?

With regard to the Go Fund Me target surely there still has to be a way to reach a wider audience. Microsoft Copilot came up with this list and I wondered given the technical skills of supporters whether a video could be created to launch into mass media? o widen the reach of Inverness Caledonian Thistle FC's GoFundMe appeal and potentially reach millions, here are some strategies: Leverage Social Media: Share the GoFundMe link on all social media platforms like Facebook, Twitter, Instagram, and LinkedIn1. Use relevant hashtags, such as #SaveICT, to increase visibility1. Engage Influencers: Reach out to local celebrities, sports personalities, and influencers who can help spread the word to their followers21. Email Campaigns: Send out emails to the club's supporters, local businesses, and previous donors, urging them to share the appeal with their networks21. Local Media: Contact local newspapers, radio stations, and TV channels to cover the story and the appeal21. Partnerships: Collaborate with local businesses, schools, and community organizations to promote the appeal through their channels. Events: Organize fundraising events, both virtual and in-person, to raise awareness and encourage donations. Update Regularly: Keep the campaign updated with progress reports, stories, and thank-you messages to maintain engagement and encourage further sharing. Create a Video: A compelling video explaining the club's situation and the importance of the funds can be very effective in gaining support. By implementing these strategies, the appeal can reach a much wider audience and increase the chances of reaching the fundraising goal.

This has to be the most amazing headline we have seen in the last six months 'Directors have to take responsibility for not taking control of financial situation at Inverness Caley Thistle.' Surely anyone who takes on the role of Director of a company knows it comes with legal and governance responsibilities as opposed to an ego trip! This is an admission of neglect. GB is one of those last standing who clearly did not realise what their role was. Credit to him in some respects for not being spineless and resigning.