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The First Cut is the Deepest BREAKING NEWS: Duncan Ferguson, Gary Bollan and Stuart Garden are the first heads to roll at cash strapped Caley Jags as the Administrators wield the big axe. Official Statement: Inverness Caledonian Thistle FC can confirm that Manager Duncan Ferguson, Assistant Manager Gary Bollan and Goalkeeping Coach Stuart Garden have left the club with immediate effect following the ongoing review of the financial position with the Joint Administrators. The club would like to place on record our thanks to Duncan, Gary and Stuart for their efforts while at Inverness Caledonian Thistle FC and wish them the very best in the future. Scott Kellacher, first team coach, is stepping up to take over as first team head coach with immediate effect. A full update on first team coaching staff going forward will be made in due course. Rumours abound that Billy Mckay may well be used as player coach to back up Kellacher. ***Update 24/10/2024*** Duncan Ferguson gone. (Scott Kellacher is new head coach, with Billy Mckay as player coach) Gary Bollan gone Stuart Garden gone Players out Cameron Ferguson (12 appearances, enough said) Adam Brooks (7 goals in 41 appearances) Flynn Duffy (injured at present) Wallace Duffy (113 apps, 5 goals) Jack Newman (loan ended back to Dundee United) Good summary on CTO from CB: All behind the scenes jobs retained for the moment, with possible reductions in hours. AS, who was at the top table with the admin and was confirmed as on his way on to the board, committed to ongoing funding, and this is probably why redundancies are relatively light. There have been three bids since the Admin came in… AS isn’t one of them. They expect the process to take weeks rather than months. The Admin confirmed that they would be looking at past financial practices and - when prompted - agreed that if there had been criminality, it would be looked into. Debt situation not yet clear and admin wouldn’t discuss any individual creditor when RM’s name was raised. Proposal to convert “Kingsmills Suite” into a restaurant franchise. Link to CTO topic regarding cuts will be updated as and when we receive the information.