19/03/2025
Finally some clarity, and a positive statement from the club.
Crucial here is that Savage, Morrison, Cameron et al, plus George from the Trust, were around that table.
We’ll do a pod on it all very soon.
For now, dropped ‘The Chase’ on Mon. 👇
tinyurl.com/34nfb7w7 🎧 🔴🔵
ICT FC Press Statement - Wednesday, 19th March, 2025
Issued by Allan Mackenzie (former vice Chairman and adviser) following a meeting held earlier today with key Shareholders.
Meeting attendees – Allan Mackenzie (Chairman), David Cameron, Ross Morrison, Allan Munro, David Sutherland, Graham Rae, Roddy Ross, Alan Savage, Graeme Bennett and George Moodie (representing the Supporters Trust). Craig Maclean (Minutes).
(Apologies were intimated from Dougie McGilvray (Weldex) and Richard Smith (ICT Trust).
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Following the Statement issued on Monday 17th March, 2025, by BDO, the Joint Administrators (JAs) of Inverness Caledonian Thistle FC, (ICT), I offered to convene a meeting of the key shareholders of ICT to try to explore the possibility of finding a fast and meaningful way forward, to addressing the key 3 issues identified by BDO as currently inhibiting their drive to procure a sale of the club to a new Buyer.
I was delighted by the attendance at the meeting and thank all attendees for coming with a positive intent to look for solutions, geared to an aim of wanting to do their very best for the club to ensure its survival.
The 3 key uses from the BDO statement have been identified as
(1) Loans
(2) Shares and
(3) Land. (surrounding the Stadium).
I am pleased to report, that after long, commercially focused and collaborative debate, all parties agreed to sensible proposals to address all 3 matters, subject, of course, to getting appropriate assurances from BDO on each matter.
For my part, I undertook to engage with BDO, as a matter of urgency, to ask that they capitalise on this tremendous goodwill and to assiduously advance the Administration with a view to securing a successful CVA, securing a buyer and exiting the process by the end of the current season.
BDO should now have a very much better “sales pitch” for the people who have expressed interest in buying the club and, needless to say, the parties today and the staff at the Club will use best endeavours to assist them in that enterprise.
Much needs to be done in a very short space of time, but I am now very much more optimistic that this exercise, which has been necessary, albeit painful for all, can advance to an early conclusion.
We owe it to the loyal and dedicated staff at the club and to Scott Kellacher and the team, (all of whom have done their best from their perspective) to demonstrate the same commitment and focus.
Inevitably in a commercial deal, such as this, there will follow a period of “purdah” whilst detailed negotiations take place. Please do not treat this as stasis. Rest assured everyone is working diligently to secure the positive outcome mentioned above and as soon as is possible, a further update(s) will be issued publicly.
Meantime, thank you all for your patience and commitment to the ICT cause.
See you on Saturday!
Allan Mackenzie
Inverness.
19.III.25
