Inverness Caledonian Thistle Avoids Administration

Inverness Caledonian Thistle has successfully negotiated a deal that saves the club from administration, following a troubling announcement of a £1.7 million loss for the 2023-24 financial year. Former chairman Alan Savage, who has taken on a consulting role, had earlier urged past directors to assist in addressing the club's financial woes. The specifics of the deal remain undisclosed, but stakeholders have expressed relief at the outcome. Savage indicated that he is willing to take control of the club until 2027, while interim chairman Panos Thomas shared optimism for future results. The club's financial challenges had prompted Savage to appeal for help from key businessmen to secure their future. Despite the positive news, Savage emphasized that the club remains on a tight financial path requiring careful management.