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Start Previous 1 -- 2 -- [ 3 ] -- 4 -- 5 -- 6 -- Next End| Topic: ICT going into administration? |
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| 41. Author: Fethiyespar Date: Tue 8th Oct 2024. 13:49 The full recording of last night`s meeting at the Caledonian Stadium is now on YouTube. Reply |
| 42. Author: veteraneastender Date: Tue 8th Oct 2024. 16:45 It`ll be a miracle if ICT come through this mess. Reply |
| 43. Author: NMCmassive Date: Wed 9th Oct 2024. 21:24 I think there is a real chance they become fully liquidated - unfortunately 😬 We were lucky that we have a solid fan base (could there be say 20/25,000 Pars fans? More? I know only roughly 5000 turn up every Saturday but there will be a lot more who can’t regularly attend matches) and that the debt wasn’t such a massive amount that it was unattainable for us to find raise too like Rangers in 2012 for example COYP Reply |
| 44. Author: pars4life1 Date: Wed 9th Oct 2024. 22:22 Inverness are in a better place than we were, maybe a smaller fan base(but not by that much) but on the flip side. A smaller debt, things haven`t got quite so bad they are dealing with unpaid wages and write off orders, tho obviously they are too close to that to feel comfortable. Debt is also mostly due to directors, who whilst incompetent don`t appear to be the outright crooks masterton is. Reply |
| 45. Author: jake89 Date: Thu 10th Oct 2024. 00:20 I`m no finance expert so it`s hard to tell. It seems to me that ICTs finances took a massive hit last year with almost £2m extra debt being accrued. It`s presumably even worse this year? I hope they don`t go into administration or come out of it as we did but I`d worry about the long term viability of the club. They`re still a "new" team and Inverness is a bit like Perth in that it never had a massive football following, and also suffers from having too many Celtic/Rangers fans. It`s also has the additional hit that it`s more expensive to live there whilst also being less desirable to younger players. Reply |
| 46. Author: par-91 Date: Thu 10th Oct 2024. 08:13 NMCmassive, Wed 9 Oct 21:24 Let’s not rewrite history here. We were lucky the majority of our debts were to owners/directors and Lloyds fortunately accepted 0p to the £ to save the club. We paid 0p to the £ in the CVA. We absolutely did not pay our debts, the only debts we paid were the football related ones. Post Edited (Thu 10 Oct 08:21) Reply |
| 47. Author: da_no_1 Date: Thu 10th Oct 2024. 09:25 No one is re-writing history and as long as there are people willing to remind us all of what happened 10 years ago I`m sure none of us will ever be allowed to forget. So thanks for that. "Some days will stay a 1000 years, some pass like the flash of a spark" Reply |
| 48. Author: jake89 Date: Thu 10th Oct 2024. 10:18 I think we`re splitting hairs here a bit. In my opinion the key difference between ourselves and ICT is size of support. Disregarding debts and payments etc, we were fortunate to have a decent sized support which gave local businessmen, who were/are also fans, the confidence to put a fair chunk of money in the hat. I`m not sure ICT have that same level of sustainability. They`re hoping to make money from the battery farm thing but even if that goes ahead the money from it would simply clear debts, which will build up again if the books aren`t balanced asap. You need fans in the stadium, buying food, buying strips, buying scarfs. What is the away support like from other clubs? I know a fair few Pars fans like a trip up but I imagine it`s maybe less affordable nowadays? I feel for ICT, but this is a bigger issue in Scottish football, particularly for clubs who spent a lot building stadiums they didn`t need to meet SPL criteria and now have to maintain them. Celtic and Rangers will never agree to bigger leagues or caps on player wages etc but I fear if they don`t take action soon they`ll find themselves with even less competition than they have right now. Perhaps that`s their long term goal? They go to England along with maybe Hearts, Hibs and Aberdeen and play it out in the English first division or Championship? It really is a sad state of affairs. Reply |
| 49. Author: veteraneastender Date: Thu 10th Oct 2024. 12:39 Interesting piece on BBC Radio Scotland a little earlier this morning - Stephen Jardine`s show "Morning" around 11:35am https://www.bbc.co.uk/sounds/play/m0023pkz Advance to 2:33:00 Looks very much like administration. Reply |
| 50. Author: Ladswell_Thistle Date: Thu 10th Oct 2024. 16:28 Were Inverness not in the Scottish cup final a couple of seasons back? Must have made a good chunk of cash from that!  Reply |
| 51. Author: Wotsit Date: Thu 10th Oct 2024. 16:51 Ladswell_Thistle, Thu 10 Oct 16:28 We went into admin on the back of three sell-out cup finals against Celtic in fairly quick succession. The enemy travels by private jet, not by dinghy. Reply |
| 52. Author: DA-go Par Adonis Date: Thu 10th Oct 2024. 16:57 We went into administration in 2013. The last final was in 2007. ---------------------------------------------------------------------------------------------- I love it when we go sell Kevin Nisbet, He's gonna pay for everyone this season. Reply |
| 53. Author: wee eck Date: Thu 10th Oct 2024. 17:06 Big Dunc accepts that Admin and a 15 point penalty would almost certainly relegate them. So far they`ve only raised £75k of the £200k they need to find by the end of next week. Reply |
| 54. Author: veteraneastender Date: Thu 10th Oct 2024. 17:35 Even if they did raise the £200K it`s likely only going to be a temporary sticking plaster solution in the short term. No businesses would supply goods and services etc. except on a money upfront basis - and cash flow is a key factor in their predicament. Reply |
| 55. Author: NMCmassive Date: Thu 10th Oct 2024. 23:27 par-91, Thu 10 Oct 08:13 Certainly not rewriting history! We were extremely lucky on a number of fronts. It does make me worry for ICT tho COYP Reply |
| 56. Author: NMCmassive Date: Thu 10th Oct 2024. 23:29 Ladswell_Thistle, Thu 10 Oct 16:28 Perhaps they’ve overspent as much as we did 🤷🏻♂️ COYP Reply |
| 57. Author: pars4life1 Date: Thu 10th Oct 2024. 23:38 The fundraiser at this stage was a stupid idea, it was time to accept reality and put that money into a fund to recover once admin happens rather than throwing into the wind hoping to stop it. Reply |
| 58. Author: Jeffery Date: Fri 11th Oct 2024. 00:06 I saw there was a single donation of 20k. As has been said above it feels like good money after bad at this stage. Reply |
| 59. Author: Raymie the Legend Date: Fri 11th Oct 2024. 00:16 Ryan Christie donated the £20k  It`s bloody tough being a legend Ron Atkinson - 1983 Reply |
| 60. Author: Dave_1885 Date: Fri 11th Oct 2024. 10:07 Raymie the Legend, Fri 11 Oct 00:16 Great to see a player remember his roots no matter how high he has got in the game. Reply |
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