Inverness Caley Thistle facing threat of administration

Inverness Caledonian Thistle will tonight plead with shareholders to step up and save the club from administration.

In an interview with the Daily Mail, chief executive Scot Gardiner told of how Caley have been losing around $800,000 every year since they were relegated to the Championship.

Gardiner will use the club’s EGM to hold talks with shareholders in the hopes that they will ‘step up’ and inject a vast amount of cash.

“We’re in the second tier and we can’t afford it,” Gardiner told MailSport

“We have been speaking to some of the big shareholders appealing to them to help us find working capital because we don’t have the revenue to continue as we are.

“We need them to step up now.”

Thistle were relegated to the Scottish Championship in 2017 and failed to make the promotion play-offs the following season. They currently sit third in the league after seven games.

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