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[Scotty]

Hope so. Also liked this article that may have passed by a few folk: https://archive.ph/3gzWH

 

[CaleyTennis85]

13 minutes ago, Scotty said:

Hope so. Also liked this article that may have passed by a few folk: https://archive.ph/3gzWH

 

I saw that last night but didn't want to say anything until we knew for certain that Alan's bid was accepted etc but it's excellent news that Charlie Christie is already showing he's a better and more competent CEO than he who shall not be named!!   

Hopefully a vast majority of players now sign new deals and we can get a good number of the under 18s squad signed up meaning that our summer recruitment isn't going to be as drastic as it would have been.

[Starscape]

If 100% of the shares is an issue, what's the alternative? I can see why the Supporters Trust would want their vote but it didn't help with the previous owners. I also think it's great for supporters to be able to hold shares in the club, but I also hope they see the wider picture. Give Savage a chance to save the club. I'm not sure there's any other way forward. I wouldn't be surprised if he eventually gifted back to the fans eventually but that's too far away, given liquidation could be around the corner.

[+CaleyD]

The dice have been cast and we just have to see what happens.

I suspect there will need to be a bit of compromise on the part of AS to get it over the line.

If Ross Morrison has lost his preferred creditor status, then his vote will carry the CVA.

I can't see the Supporters Trust members blocking any request to relinquish the voting right.  Even if they do, then if AS gets to a point to carry a 75% vote, he could just right it out of the articles.

The Football Trust shares aren't, in my understanding, transferable to FC Inverness, but AS could be given control via directorship.

It's still not a given, and I still have massive reservations for the medium to long term, but to steal a quote from a favourite book of mine....

[Satan]

Interestingly,  on the news coverage tonight the reporter at the stadium also stated that one of the previous four or five interested parties was now looking at possibly coming on board with the new regime.

We shall see.

[Kind of Blue]

It was good to hear Alan Savage talking about Dougie Macgillvray being at the meeting today. It would be fantastic if DM could get back with the club in some capacity . I think it is also way overdue that his massive contribution to the club should be recognised in a formal way.

Edited April 10 by Kind of Blue

[STFU]

Looking forward to getting the focus back solely on the football.

Some have hesitations and that's me too but we have a lifeline and need to embrace it to ensure best chance of success.

[CaleyTennis85]

3 hours ago, Satan said:

Interestingly,  on the news coverage tonight the reporter at the stadium also stated that one of the previous four or five interested parties was now looking at possibly coming on board with the new regime.

We shall see.

It will be interesting to discover who that could be .  I'm wondering if it could indeed be the Cullen businessman David Anderson ?

 

[Charles Bannerman]

21 hours ago, CaleyTennis85 said:

Charlie Christie is already showing he's a better and more competent CEO than he who shall not be named!!   

I think it’s being highly disrespectful to Charlie… damning him with exceedingly faint praise like that!

[MacOne]

On 4/4/2025 at 11:22 PM, Charles Bannerman said:

In 1994, Thistle and Caley both voted to invest their assets in ITandC. 

Read that as TITANIC.. The brain is a funny thing.

[Pele_Is_God]

Chances of CVA being signed and sealed this week?

[+CaleyD]

2 hours ago, Pele_Is_God said:

Chances of CVA being signed and sealed this week?

Highly unlikely.

[+Moogthurso]

Can savage give the players contracts from his new entity before cva complete....we are going to lose the whole squad.

[+CaleyD]

No.  Our SFA registration sits with the club and is needed to hold player contracts.

[+old caley girl]

1 hour ago, Moogthurso said:

Can savage give the players contracts from his new entity before cva complete....we are going to lose the whole squad.

I'm sure there are informal talks going on tbh 

[tm4tj]

STATEMENT BY JOINT ADMINISTRATORS OF INVERNESS CALEDONIAN THISTLE FC

 April 28, 2025

 

 ICTFC Media

The Joint Administrators were delighted to see the club secure League One safety on Saturday. This is a testament to everyone involved at the club and something all should feel very proud about.

Now that this has been clarified, the Administrators intend to hold a meeting on Thursday 22nd May to propose a Company Voluntary Arrangement for the creditors’ consideration.

If the CVA proposal is approved, it will allow the club to exit Administration and retain its place in League One.

Significant progress has been made to fulfil the key conditions of the offer made by Mr Savage, namely:

100% of the voting shares to be transferred to his purchasing vehicle

All loan creditors to be written off

Agreement with Inverness Caledonian Thistle Property Company to purchase land around the stadium

However, these conditions need to be in place prior to the meeting and we would encourage all shareholders in particular to complete and return their stock transfer forms as soon as possible.

We would remind any shareholder who may be minded not to agree to the proposal that this may result in the offer being withdrawn, the assets sold to another entity and the club – should it survive – being demoted outside of the league structure. The existing entity would then ultimately be dissolved rendering all shares redundant.

[CaleyCiuin]

I don’t have any shares, but if I did I’m sure I would hand them back as they are effectively worthless anyway. Others who may have a sentimental attachment to their shares may feel differently. I am a bit confused with the second last paragraph in the BDO statement above. It states all conditions need to be in place before the 22nd of May. Other than the shares issue, I thought they were? Has something changed? Are there still a major shareholders holding out, making it essential that AS needs the small share holders numbers to ensure he gets full control? Also the last paragraph is a bit blunt, no please or thank you for handing shares back, just an expectation to comply. It seems it’s the only way to save the Club, so I hope AS gets enough good will from small share holders. Will be interesting to see what happens if he doesn’t get 100% in!?

[+old caley girl]

49 minutes ago, CaleyCiuin said:

I don’t have any shares, but if I did I’m sure I would hand them back as they are effectively worthless anyway. Others who may have a sentimental attachment to their shares may feel differently. I am a bit confused with the second last paragraph in the BDO statement above. It states all conditions need to be in place before the 22nd of May. Other than the shares issue, I thought they were? Has something changed? Are there still a major shareholders holding out, making it essential that AS needs the small share holders numbers to ensure he gets full control? Also the last paragraph is a bit blunt, no please or thank you for handing shares back, just an expectation to comply. It seems it’s the only way to save the Club, so I hope AS gets enough good will from small share holders. Will be interesting to see what happens if he doesn’t get 100% in!?

Would rather not find out tbh. Whether folk like it or not they need to hand over their shares. For us to have a club. 

[Scotty]

On 4/28/2025 at 6:39 AM, tm4tj said:

However, these conditions need to be in place prior to the meeting and we would encourage all shareholders in particular to complete and return their stock transfer forms as soon as possible.

Took a week for my letter to arrive and I sent it back same day so maybe another week for it to get back to BDO. A tinge of sadness at giving up the shares but nothing compared to how I would feel if the club ceased to exist. The document asked for the share certificate and not sure if that would be a stumbling block as I am sure many may no longer have it. I have emigrated and moved house twice since that was issued so it is long gone or I put it in a place so safe that I cant recall where it is !! 

 

On 4/28/2025 at 6:39 AM, tm4tj said:

We would remind any shareholder who may be minded not to agree to the proposal that this may result in the offer being withdrawn, the assets sold to another entity and the club – should it survive – being demoted outside of the league structure. The existing entity would then ultimately be dissolved rendering all shares redundant.

3 hours ago, CaleyCiuin said:

Also the last paragraph is a bit blunt, no please or thank you for handing shares back, just an expectation to comply. It seems it’s the only way to save the Club, so I hope AS gets enough good will from small share holders. Will be interesting to see what happens if he doesn’t get 100% in!?

Yes, it is pretty blunt. I wonder if there are one or more of the larger shareholders pressing pause or taking a longer time to agree?

There are close to 600 shareholders but really only a handful who matter in terms of percentage if we are brutally honest. My fear, and i mentioned it here before, if you set yourself a target of 100% then its probably not achievable. There are people on the list who are no longer with us and don't appear to have their name under "estate of ..." as well as a number of companies that are also no longer around as mentioned on the podcast. How do you get over that hurdle if your target is 100%. Is AS saying 100% but happy with 75 or 80 so he can literally make whatever changes he wants due to having the required percentage to change any and all articles of the club? 

Now that the shares are gone, then all I as an ICT supporter can do is watch from the sidelines and hope that AS continues to walk the walk that he has done for the last 6 months. That he does what he needs to do to get our the club back on its feet, and that when it comes time to seek investors that he does whatever due diligence is required to see if we can have more of a Wrexham situation than a Wrecks 'Em scenario with another Makwana type character. 

Still a few chapters left in this story methinks.  

[CELTIC1CALEY3]

1 hour ago, Scotty said:

Still a few chapters left in this story methinks.  

Dumbarton proved that. Still a very nervy situation for ICT depending on what BDO know behind the scenes.

[buckett]

5 hours ago, CaleyCiuin said:

I don’t have any shares, but if I did I’m sure I would hand them back as they are effectively worthless anyway. Others who may have a sentimental attachment to their shares may feel differently. I am a bit confused with the second last paragraph in the BDO statement above. It states all conditions need to be in place before the 22nd of May. Other than the shares issue, I thought they were? Has something changed? Are there still a major shareholders holding out, making it essential that AS needs the small share holders numbers to ensure he gets full control? Also the last paragraph is a bit blunt, no please or thank you for handing shares back, just an expectation to comply. It seems it’s the only way to save the Club, so I hope AS gets enough good will from small share holders. Will be interesting to see what happens if he doesn’t get 100% in!?

There's absolutely no chance of him getting 100% of the shares so I hope he's factored that in and will be happy enough with a reasonably close percentage.

[The Mantis]

9 hours ago, Scotty said:

Took a week for my letter to arrive and I sent it back same day so maybe another week for it to get back to BDO. A tinge of sadness at giving up the shares but nothing compared to how I would feel if the club ceased to exist. The document asked for the share certificate and not sure if that would be a stumbling block as I am sure many may no longer have it. I have emigrated and moved house twice since that was issued so it is long gone or I put it in a place so safe that I cant recall where it is !! 

 

The way I read it, it’s not the actual share certificate they want- the thing you choose to sign out of the two options on page 2 is a “certificate”.

[CELTIC1CALEY3]

The Administrator's progress report is now on the Companies House website - https://find-and-update.company-information.service.gov.uk/company/SC149117/filing-history

[+snorbens_caleyman]

So it looks as though it is now all dependent on the unsecured creditors accepting whatever is offered to them.

[Yngwie]

I see we got a £20,000 player development fee from Accrington Stanley. Would that be for Ben Woods?