STFU

Is there any indication of how much time the £200k buys the club? I suspect it's not long and rednblack may be right to think it's a monthly requirement. Feels scarily like the kind of gamble the previous chairman and ceo were taking by throwing money at things in the hope of rescue coming down the line. Sad reality is the club is unsustainable as is. Time to pull the plug and start fresh. £200k would go much further starting from zero than it will trying to fill a gaping black hole.

Hearing that Cameron and Munro were the first to write off what they were owed in loans and Morrison is the one refusing to do so. He is also owed much more than the others. Here are some speculative thoughts I have on the situation. The battery farm situation is being complicated by the fact that even if all previous directors sign their shares back to the club then Morrison still has a hold over it via the charge he has with the club. Administration would result in the club having no rights to any battery farm income that might come in future as it would immediately pass to Morrison. Morrison can't afford to just write everything off and walk away as it would personally bankrupt him. If he doesn't get paid then the next best thing is he gets the battery farm and at least has a chance of clawing back his money. I also think the Gardiner claim situation isn't that vital as compared to what Morrison is owed it's a drop in the ocean. Someone has leaked this admin document to put pressure on Morrison. The club have been slow to officially comment because they want him to stew on it a little. All speculation and it could be that everyone owed money has written it off but the problem now is getting an investor willing to cover costs until further cuts and savings can be made. I fully expect when the official comment does come it will be to add further urgency to our situation and perhaps an indicative timeline for when admin will happen if deals are not done.

I don't know how these things work but maybe wanted to get him in before admin announced so if there is a ready made exit strategy that keeps squad intact then we might have a chance of clawing back the points deduction.

https://archive.ph/S7pkY

It wasn't Hughes who took us top of the table so he's irrelevant to this discussion. You argue that the players are not good enough regardless of the manager. As this is a squad largely assembled by Ferguson and given the obvious lack of goalscorers then that sits with him. He is the one who prioritised signing defensive players ahead of attacking players. Either way the buck stops with him.

It's all relative. We didn't exactly have a squad full of top Scottish premiership level players back in 2013 but what we did have was a manager who played to their strengths and made them greater then the sum of their parts. Something we could desperately do with now.

I try my best to get behind the team during the game but it's becoming harder and harder. It might just be me but I'm getting a sense that the players are starting to look jaded as well. Nobody has any belief in how we're setting out to play games and the tactics being deployed. I don't expect us to win every week but I do expect at least some entertainment and there's nothing entertaining about our games. I'm at the stage where I'd probably rather watch us lose 3-2 or whatever with a bit of get up and go about things than sit through another bore fest. It's as if every game is a training session for our defenders. I'm seriously contemplating taking another break from matches. The club already have my season ticket money and I hope that in some small way that's helped keep some of the wolves from the door long enough that we can find the means to change the team management. Alan Savage mentioned on VFTT that administration might see us punted to the Highland League. The way the manager has us playing we're already headed there by far more painful and damaging means.

We beat Motherwell 2-0 to go top. Foran and Mckay the scores.

Morton signed a striker on loan from Motherwell yesterday. Wondering if it's who we were trying to get?

This idea that if we can get a striker then everything will suddenly be great is a bit delusional. It was similar thinking that got the club into the trouble it is now. Once we get the battery farm we'll be good. Once the carpark deal kicks in we'll be good. Once the Makwana deal is done we'll be good. Once we move everything to Kelty we'll be good. Hoping for things changes nothing especially when they don't transpire and just gets in the way of taking action now and stopping the slide. Recent revelations about Ferguson considering not coming back are also alarming. He's essentially told us that he was off sulking and not dealing with the player issues we had over the summer. The phrase for that is dereliction of duty and most of us would be fired for such behaviour. I think most of us would agree we have a squad capable of achieving more than it has been. It's not the tools and materials that are faulty it's the person using them.

Pitch was so good they couldn't get any of the players to leave it.

Taken from a crowd photo at the game so looks like it does exist.

Unfortunately I can seldom get to the ground on time to do hospitality but on the occasions I could make it I'd pay £25 for a bacon roll a bowl of soup and a pint with access to a proper bar before the game a pie and cuppa at half time and bar access for a couple of hours after the game. That way they'd get my £25 and bar spend. Did they not have some kind of cheap exclusive access thing in the past?

No press conference or just no news from the press conference?

Either someone's come up with a bucket of cash or we're going into administration.

Don't forget that we're unbeaten if you don't count defeats and have the best defensive record in the country if you don't count those who have a better one.

Billy is currently playing a role that requires a lot of running and that won't be helping him. I think it's huge credit to him that he's out of his natural position and remains so influencial in games for as long as he does. We might still get 90 minutes from him in his more natural position up front. The question is whether he's more valuable to us in that role or his current role.

It's not the players that need to learn its the tactics that are letting us down. Just about any half decent manager I've ever listened to says that being 2-0 up is a very dangerous position to be in and you don't sit back trying to defend it.

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.

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.

Those others may have decided to write off what they are due or aren't harassing the club for payment, but robbo is?

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.

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.”

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?

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.