Admin by Oct 16th - It's here now!

[bishbashbosh]

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.heraldscotland.com/sport/24668265.inverness-caledonian-thistle-can-get-administration/&ved=2ahUKEwj4zM2ZiaKJAxVSVUEAHYifIe4QFnoECBEQAQ&usg=AOvVaw3ykBUVLVO7J0phbHVnAB_R

Sitting in a cafe in Edinburgh with no WiFi and very very slow 4G. This may not work.

 

 

[Scotty]

Good article in the Herald. Just wish he did not use so many pictures of the ex-CEO though! 

[CELTIC1CALEY3]

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.

 

[CaleyCanary]

I found the article to be quite optimistic about our chances of a future and I’m not feeling quite so down as I was earlier.

Given the situation we were in I always thought administration was inevitable and dreaded the possibility of liquidation. However, after reading this article by Matt Lindsay and the summary of the trust meeting, I feel that this process may very well be what we need to get us out the mire.

Events may not have gone quite the way Alan Savage had intended or hoped but I do feel we’re in a better position now than we would have been without his intervention and efforts to save the club.

Still plenty rocky days ahead for ICT but with fingers crossed I’m now looking forward to a brighter future and hope that the staff behind the scenes who are going to take the brunt of the cost cutting are well looked after.

[big cherly]

2 hours ago, bishbashbosh said:

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.heraldscotland.com/sport/24668265.inverness-caledonian-thistle-can-get-administration/&ved=2ahUKEwj4zM2ZiaKJAxVSVUEAHYifIe4QFnoECBEQAQ&usg=AOvVaw3ykBUVLVO7J0phbHVnAB_R

Sitting in a cafe in Edinburgh with no WiFi and very very slow 4G. This may not work.

 

 

Excellent piece of journalism. Succinct and based on good historic experience. 

[DundeeICT]

Inverness Caley Thistle goes into administration https://www.bbc.com/news/articles/cm24gr1rrnpo

[+old caley girl]

50 minutes ago, CELTIC1CALEY3 said:

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.

 

Takes a few days apparently 

[A Sofa In San Tropez]

[Kind of Blue]

A sad sad day for the club!  Let’s hope we can come out the other end of Administration with a club with a viable future that can rebuild and work its way up the leagues.

[Scotty]

Yup, its official. just got the press release also: 

 

Club Statement 

 

James Stephen, Malcolm Cohen and Shane Crooks at BDO have been appointed Joint Administrators of Inverness Caledonian Thistle Football Club (Tuesday 22nd October 2024). 

 

A spokesperson at BDO said: “We can confirm a formal appointment has been made and Inverness Caledonian Thistle is now in administration. We understand this will be a difficult and uncertain time for the club, its staff, its loyal fan base and the local community. The Administrators will be in a position to provide further information and their plan to seek to secure the long term future of the Club in due course.”

[Yngwie]

With the Administrators now in place, we all need to prepare ourselves for more bad news and unpopular or unpalatable decisions. 

[Kind of Blue]

Shane Crooks, a tad unfortunately named Administrator

[STFU]

6 minutes ago, Yngwie said:

With the Administrators now in place, we all need to prepare ourselves for more bad news and unpopular or unpalatable decisions. 

That feels inevitable and I imagine there will be a few skeletons will fall out of the cupboards along the way.

All these people involved with claims of having the club at heart but couldn't work together over the years to ensure the club never ended up where it is today. I don't imagine that will change but I do hope personalities don't get in the way of getting through this without any more pain than is necessary.

[Robert]

A very sad day.

Now let’s unite, show our Highland spirit and help whatever players we have claw back the points deduction and keep us in this league. 

[+Fraz]

32 minutes ago, Yngwie said:

With the Administrators now in place, we all need to prepare ourselves for more bad news and unpopular or unpalatable decisions. 

To be fair, those things have been happening from a fans perspective for several years anyway. 

[+Gringo]

Even though this was expected it still hits you that your football club has been run into the ground by shear incompetence at the top of the tree. The rot started (for me) after we won the Scottish Cup and gradually got worse. I'm confident that we will bounce back..in time. Tonight I feel really sorry for all those good folk who will probably be out of work now. Sad times indeed. 

[caley100]

Alan Savage comes across in this interview in the P&J in a positive way and says....

“We hope the (remaining) players get a lift from what the administrator says. I have got a good feeling about it.

“Ultimately, we want to ensure we stay in League One. We want to come out of it with a decent enough side and I’m sure we will.

“People have said to me administration needed to happen five years ago when the club was losing shed-loads of money. Something had to be done – you can’t keep on spending money.”

 

Savage is convinced, through the administration process, the Highlanders – relegated from the Championship last season – can get back on the right track after a chaotic few years.

He said: “If the club had focused on football and not concert companies, we’d be in better shape.

Gloves off eh?

[Scotty]

At the end of the day, we would currently be 12 points adrift at the bottom. Thats only 4 games! especially if we can do better than the bottom team, aim here first, then aim for the team above that.

It was a crap film, but there was a baseball movie called 'major league' and that kind of situation formed part of the storyline as the 'shitty' team setup to lose the league started concentrating on every game and eventually coming through. We need that kind of siege mentality, or chip on our shoulder as motivation back at ICT to finish this season still in League One, then build on that for next year.   

[Robert]

We play Dumbarton on Saturday. Beat them and we are down to 9 points behind.

One game at a time, stick together and triumph against the odds.

Get back to how we used to be!

[big cherly]

1 hour ago, Gringo said:

Even though this was expected it still hits you that your football club has been run into the ground by shear incompetence at the top of the tree. The rot started (for me) after we won the Scottish Cup and gradually got worse. I'm confident that we will bounce back..in time. Tonight I feel really sorry for all those good folk who will probably be out of work now. Sad times indeed. 

For me, we the fans played our part in the position we find ourselves now! Will we be so gullible the next time round round? 

[+old caley girl]

3 minutes ago, big cherly said:

For me, we the fans played our part in the position we find ourselves now! Will we be so gullible the next time round round? 

Did we? I don't think we had any influence over the Gardiner/Morrison cabal or Directors loans/secure loans, property companies etc 

[Charles Bannerman]

3 hours ago, Kind of Blue said:

Shane Crooks, a tad unfortunately named Administrator

Similarly, I hope that BDO doesn't stand for "Broke, Destitute and On the street" (Black Humour alert)

[Charles Bannerman]

1 hour ago, caley100 said:

Alan Savage comes across in this interview in the P&J in a positive way and says....

“We hope the (remaining) players get a lift from what the administrator says. I have got a good feeling about it.

“Ultimately, we want to ensure we stay in League One. We want to come out of it with a decent enough side and I’m sure we will.

“People have said to me administration needed to happen five years ago when the club was losing shed-loads of money. Something had to be done – you can’t keep on spending money.”

 

Savage is convinced, through the administration process, the Highlanders – relegated from the Championship last season – can get back on the right track after a chaotic few years.

He said: “If the club had focused on football and not concert companies, we’d be in better shape.

Gloves off eh?

Alan is bang on the money there (no pun intended). Five years ago, the club was already in a position where it had just had to raise £1 million, mainly from two large contributions, in new share capital simply to keep running (and overspending). Since then, it's been one outing for the begging bowl after another and that should never have been allowed to continue for five minutes, never mind five years.

What he says about Concert Companies is spot on as well. Apart from the idea being wrong for a football club, the level of gross incompetence involved was breathtaking and the  extra bad feeling about the club that was created has been catastrophic.

I would find it difficult to criticise any businesses left short after that if I heard that they were rubbing their hands with glee whilst washing down their Karma and chips with a pint of Schadenfreude.

[DWH]

3 hours ago, Gringo said:

Even though this was expected it still hits you that your football club has been run into the ground by shear incompetence at the top of the tree. The rot started (for me) after we won the Scottish Cup and gradually got worse. I'm confident that we will bounce back..in time. Tonight I feel really sorry for all those good folk who will probably be out of work now. Sad times indeed. 

Totally agree : for the first 20 years or so everyone from staff / players / manager / coaching staff and directors were all focussed on the club's success. That seemed to go after the fantastic 2014/15 season and it's been a gradual decline since then How those in charge were appointed and then allowed to run the club into the ground I really can't fathom. We are almost back to where we started in 1994.

We need to get back to that mentality (nothing less) and find the right people to get the club back to where it was.

[+EvilWhiteStripe]

10 hours ago, Scotty said:

At the end of the day, we would currently be 12 points adrift at the bottom. Thats only 4 games! especially if we can do better than the bottom team, aim here first, then aim for the team above that.

It was a crap film, but there was a baseball movie called 'major league' and that kind of situation formed part of the storyline as the '******' team setup to lose the league started concentrating on every game and eventually coming through. We need that kind of siege mentality, or chip on our shoulder as motivation back at ICT to finish this season still in League One, then build on that for next year.   

Woah woah woah Scotty. I know this is your site and all, but you can't be out hear calling Major League a crap movie. Anymore of that nonsense and I'll be having to come to Toronto to have some stern words. Some very stern words.