Reply With QuoteThey need to raise £200,000 in two weeks, or else that's it.
I wouldn't donate the steam off of my pish.
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Fit's gan on there then? Going bust?
Particularly interested in 57Vintage's objective analysis of the situation.
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They need to raise £200,000 in two weeks, or else that's it.
I wouldn't donate the steam off of my pish.
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How'd they get in that fankle? And any idea fit happens in their league if a team gets booted out?
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A guy I work with is a Caley fan and said it's been a mess up their, since relegation from the Premier League.Originally Posted by Jormungand
Spending beyond their means with nothing in return and the financial hole growing bigger.
The battery storage plan was what they put their house on.
He said there is a real danger they lose their licence if they do go into administration.
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Emulating their big brothers, masonic as ever. Hell mend them.
Elsewhere some of their misguided fans are assuming a drop into the Highland League if liquidated. The Highland League is already quorate, thanks, and a participant in pyramids top and bottom.
Fúck off Caley.
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I would imagine that their record will be expunged, and the league will carry on with 9 teams. There will have to be some jiggery-pokery with promotions and relegations, possibly the cancellation of relegation from League Two and the winner of the Highland/Lowland play-off going straight into the league.
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Administration is happening next week for them. A 15 point deduction is on the cards.
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Liquidation is terminal, though administration isn’t and in the latter event the administrators would be obliged to sell off ICT’s assets to try to keep the Club liquid - eg TGI Friday’s news this week where the two Aberdeen venues, amongst others, were saved by being acquired by another entity. ICT’s Assets will be the stadium and of course the players but those worth keeping will likely be the players who the administrators would ideally look to sell, so it’s not looking great. And there’s also the claimed Directors loans, as well as the preferred creditors (HMRC, Customs and Excise etc) who’ll have first call. Messy.
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Tick tock, tick tock, although I imagine tick will be in short supply among current and potential creditiors.
Inverness face painters are advised to steer clear of the former Inverness-shire cooncil tip.
Perish.
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It would be good, if affa dear, if the "luxury" housing development upon the site of Kingsmills Park could be reclaimed and reverted to its previous and proper use......with a team in red and black stripes playing there.
Then we'd at least get an Inverness derby v the might lilleys.
Ahhh, the days of the half time harriers.
I once contrived to miss seven goals in a game there (I think v Deveronvale).
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