Inverness Caley Thistle faces imminent liquidation threat

Inverness Caley Thistle is in a critical situation, facing the threat of liquidation. Club consultant Alan Savage says they are racing against time to find a buyer before the summer. Savage's warning comes after joint administrators announced that no offers were made for the club by a recent deadline. This raises concerns that the club could cease to exist if they do not solve key issues that have scared off potential buyers. Savage is trying to set up an emergency meeting with major shareholders next week to discuss possible solutions. There are significant problems, including a debt of over £3 million and complications in land ownership, making it tough for new investors to take control. He has already invested £1 million of his own money to keep the club running since it entered administration last October. Savage warns he cannot continue to fund the club indefinitely and needs support to avoid liquidation by the end of May. In the past, Savage has criticized past directors for not assisting with these issues. He emphasizes that it would be a tragedy for a city of Inverness's size to lose its football club. Currently, they need approximately £1.8 million to get through the next season. The administrators have reached out to shareholders, seeking their cooperation in resolving the club's financial troubles. While some have agreed to return their shares without any cost, the future of Inverness Caley Thistle remains uncertain if new buyers do not come forward soon.