Category
🗞
NewsTranscript
00:00There he is, no rush Charlie, I'll take it at a time, is it alright for a start now Charlie?
00:19Ah sure, you're early.
00:23So, everyone who's got an interest in the Minister of Football knows the predicament that comes in.
00:36With the clock ticking I thought it was the right time to bring my personal offer, not Orion Engineering, my personal offer to the table to buy the club out of administration.
00:47It is as follows, I'm setting up a company, let's call it FC Inverness, as a special purpose vehicle to buy the club out of administration for 800,000.
00:59And this offer is open until close of business the 11th of April 2025, that's two weeks today.
01:06My offer to James Stephen, BDO's administrator, is conditional on, one, 100% of the shares transferred to FC Inverness.
01:17Two, all long term loans are written off.
01:22Three, all trade credits sit in the administration except that the debts are settled by the administrator.
01:31The company prop co. gives a written undertaking to sell the peripheral lease excluding the triangle to Inverness Caledonian Thistle for the price agreed at the meeting on the Wednesday 19th of March with an assurance that the purchase can be completed by the 18th of April.
01:51Under my control, the immediate drivers will be to keep the club's football licences, stay in Division 1 and prepare for next season.
02:03The team around me will remain the same, Kel, Ellie, Charlie, Cassidy and Andrew.
02:08The medium term goal is to be playing in the mid-table championship within the next couple of years.
02:16Obviously, as I said before, the club will need help and I'm hoping that being out of administration, which has been an excuse for a lot of us since they were in administration, being out of administration and debt free will encourage local businesses and governmental bodies to step up to the financial plate.
02:33To the record, if my action prompts the acceleration of a better offer from another buyer, I will immediately step aside.
02:42My offer last August was to fund the club for three months until a buyer was found.
02:46This was extended to the end of the season and that still stands, but without ownership and full control, I can only pay up to June's wages if my offer is not accepted over to BDO to make it happen.