
STFU
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I sense that savage thinks he had sacked gardiner and it has only now transpired that he had resigned and given 12 months notice. Either that or the belief is he was on a much shorter notice period. Employment law is tricky and tends to favour the employee in these circumstances. They would need to legally show gross misconduct to dismiss him earlier and knowing someone was and proving it are very different things.
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The only way to ensure he doesn't get a penny is to put the club into administration and I think that's what savage is getting at.
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Those others may have decided to write off what they are due or aren't harassing the club for payment, but robbo is?
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For me the big concern here is the same as I had at the time of the concert company going bust. If it can be shown that both companies were operating so closely that those dealing with them believed they were one and the same then the club could become liable for the losses suffered. Savage mentions £950k of losses not reported to the liquidator. Is that a suggestion that these losses sit with the club? Were some of the director loans used to syphon money into the concert company? Were the club sub contracting staff (the ceo?) to the concert company making them liable if those people were then not paid? Those are the pandoras box questions I fear. Aside from the potential financial implications there may be serious legal implications that threaten the club.
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https://www.inverness-courier.co.uk/sport/former-caley-thistle-ceo-s-legal-action-has-opened-pandora-s-360743/ Inverness Caledonian Thistle advisor Alan Savage says legal action pursued by former chief executive officer Scot Gardiner has opened a Pandora’s Box at the club. Sherriff Court officers visited the Caledonian Stadium at the end of last week over £70,000 that Gardiner believes he is owed by the club - £50,000 of which was through the Caley Thistle concert company and £20,000 being made up of loans to the club. The Caley Jags now have three weeks to formally respond, with Savage planning to dispute that claim. As part of the process to provide evidence, ICT will this week enlist lawyers – paid for by Savage – to go through communications between the football club and the Caley Thistle concert company, which is at the heart of the claim. They will also have access to bank statements to track what money went where, with Savage promising to get to the bottom of the situation. “There is a forensic search of the emails being carried out across all aspects of the concerts being done,” he said. “It may be that the club were carrying out work for the concert company, and Gardiner was getting paid by the club whilst doing work for the concert company. “I don’t know the legalities of that, but why should the club pay for the concert company? It doesn’t make sense whatsoever. The club wasn’t a shareholder in the concert company, but evidently it lost about £950,000 that wasn’t reported with the liquidator. “Gardiner has opened a Pandora’s Box, there are a load of implications of it, and we will go through the detail meticulously to put up a robust defence. “The bank statements will tell all. We’ve got a set of statements from the club and the concert company during that period, and between the two we will see which financial transactions were crossed, if any. We’ll be able to get a good look at this assertion that he’s owed money. “The ball is then in his court. He’s got to produce evidence that shows he has loaned money to the club and what the agreement was, and then we’ll have to reply, so this could take months and months.” While there may not be a quick resolution to the dispute with Gardiner, Savage is hoping an audit of the club’s 2023/24 finances will be completed slightly sooner, within six to eight weeks. That will allow ICT to provide a clearer financial picture to potential investors, but again that is not without complications. Fundraising efforts are currently ongoing, with the Caley Jags being given £1000 just last Saturday for example, but Savage expects ICT will need £1.6 million to get to the end of the 2025/26 season, and a decision on the long-running battery farm saga is only expected before Christmas. Since Savage came on board to battle against the tide, some have looked to recoup money they feel they are owed, with former manager and sporting director John Robertson just one example as he is looking for £7000 in redundancy pay from when he was on sick leave. Caley Thistle’s plight will be featured soon on the BBC show A View From The Terrace, which Savage hopes will bring them to the attention of potential investors, and he has promised to be open and transparent with supporters too about the outcome of the audit. “We should have a good indication of where we are by Christmas,” Savage added. “It won’t happen overnight, it’s up to us to speak to people and get more interest as people realise what state we’re in – but they can do something about it by putting their hands in their pockets. “There’s no reason why we shouldn’t be optimistic about this, Inverness is a great city that needs a great football club. “We also need Ross Morrison, David Cameron and Allan Munro to commit to where we are on the battery farm, because we need to know where we stand. “The 2023/24 season audit is under way, and that will give a clear picture of the club’s true financial position. “I don’t think it’s going to get better because there are still things crawling out of the woodwork all the time, but off the back of that we’ll be able to give a potential buyer the due diligence answers they would want. “I will make sure that audit is absolutely forensic and goes into everything that’s been going on at the club and the battery farms and concert companies so that there are no legacy issues that could affect a deal. “In the season ending in 2023, the accounts showed that the club lost £1.7 million. It beggars belief. I don’t know what happened, but we’ll get to the bottom of that. “We have to explain to the fans and stakeholders what happened. You can’t just move on, people want to know why. “It’s important that we communicate, because otherwise they’re only getting half the story. People want to know, even on a macro level, who was responsible for what and why.”
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A ceo doesn't run a business into the state we are in without at least someone on the board being aware. What did they think those hundreds of thousands/millions they were handing over in loans was being used for?
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Stirling offered very little resistance which allowed us to play our own game and to do it a bit further up the pitch than more experienced teams have or will allow us. I can only recall them having a single shot on target. The win and goals will be good for morale. Hopefully it will also encourage us to keep making and taking chances in the final third. We also didn't pick up any injuries or bookings.
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Probably more relevant to the investment thread but suggestions that some of those with money saying they would help now changing their mind is a little concerning.
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https://www.thescottishsun.co.uk/sport/13492915/inverness-chairman-scot-gardiner-demands-70000-administration/?utm_medium=Social&utm_campaign=ScottishSunSportTwitter&utm_source=Twitter#Echobox=1725649576-1
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Does he have any more kids?
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That's about where I've settled on the badge as well. I still don't like it but won't stop me getting the shirt. Going to go in tomorrow in the hope that it's only the online shop showing out of stock in my size.
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It has nothing to do with not liking the design of the badge (even though I don't). I find it a bit daft that the one constant we've been recognised for over the last 30 years is our badge and it's not on there.
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Second hand info but apparently someone set off one of those large handheld confetti cannon things in the main stand at the end of the game yesterday. Legally they are classed as pyrotechnics but I was told it got a few claps from board members and club officials. No signs of condemnation from anyone. It was an older fan and I wonder if they'll be hunted down and we'll see similar statements as aimed at younger fans who have used pyro in the past? To be clear I have no issue with it but if there's going to be rules then they need to be the same for everyone.
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A game to forget other than the result. Win will be a good lift for the players and hopefully something to build on. Officials were some of the worst I've ever seen. Ferguson being sent to the stand was a joke. He got a bit animated but nothing worthy of the two yellow cards. Two new signings didn't look rusty from the little we saw of them and Nolan was looking to make some runs in behind so may provide some attacking threat. Both Duffys going off injured isn't great and Allan also appeared with his thigh strapped with ice after being subbed.
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Do they have food available in sports bar from 1pm? I have a rare chance to get down early for a drink and if I can get a bite to eat at same time then great.
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We need to remember that Savage is only a consultant at this point and everything still needs signed off by the board and that includes how they deal with Gardiner. It sits a little uneasy with me that Savage is looking for total control of the club via a mandate from shareholders as opposed to through own shareholding. As much as I appreciate what Savage is doing and have no reason to distrust him I'm not sure total control sitting with one person is a wise move regardless of who that person is. There has been talk in the past of Savage waiting for admin to get control on the cheap and it feels like he's doing that now but without the official admin bit. It may be happening for all the right reasons and the alternative is/was a lot worse. It just has a wee hint of being power trippy.
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As the previous chairman signed off on accounts that used car park income from the red john agreement as a reason for being a going concern then it seems a little suspect that he's now claiming ownership seperate from the club with no existing agreement that income also goes to the club. Feels very similar to the battery storage thing where the club went from being soul owner to just 1%. Seems the ceo wasn't the only one doing strange deals.
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I am slightly concerned that the agreement on the loans hasn't been legally signed off and hopeful that's what the above mentioned press conference is to confirm. Will Morrison want to give up his loans and the attached securities if there's a chance someone else is going to come in and profit from developing land around the stadium? Everything crossed.
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Had Rangers scored any more the county fans would have needed to start counting on their second hand.
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Anyone who thinks we're going to be competing for top spot this season is deluded. The club has been an utter mess for 5+ years and any meagre resources that can be pulled together must go to sorting that out and shoring up the foundations so we can build in the future. In saying that I still think we have a capable squad with more potential than they are being allowed to show at present given the tactics being deployed. Whatever the cost of changing the management team right now we simply don't have the money and I'd rather we spens what little we might be able to scrape together on an additional forward. Whether it's Ferguson or another manager that is needed and I'd be amazed if we could get both. I'm no Ferguson fan and I'm not going to preach that people need to get behind him or any such thing but I am going to try and just ignore him and put energy into getting behind the team. Which might be hugely frustrating at times. Fans are now being heard but we need to not be acting like spoiled children expecting everything we shout for. Savage has just saved the club from imminent collapse. Let that be enough for now.
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Sounds horrendous but I wasn't sold on the home shirt until I saw the players wearing it during the game so will wait and see.
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I can't see Savage coming in the way he has and putting money in to simply hand everything over to someone where there's a possibility they're going to do us over.