Caley Thistle deal 'not reached' with Moray businessman

Inverness Caledonian Thistle say a deal has not been reached with a potential investor for the club.

Cullen-based David Anderson met with the Inverness board this week, as they attempted to come to an agreement which would save the club from administration.

That prospect has now edged closed, after Caley Thistle released a statement yesterday saying the time for any interested parties to offer for the Club has come and gone.

Despite confirming a deal has not been reached, a statement released today says talks ended "amicably" and Anderson's firm DA capital are "welcome" back to the table.

ICT Interim Chairman Scott Young also outlined how a further statement will be made in due course.

He said: "Whilst a deal was not reached, negotiations on a purchase ended amicably and DA Capital are welcome back to the table once the Club’s financial situation is under control.

"The Board will make a further statement in due course."

Earlier this month, Caley Thistle launched a 'Save ICT fund' in a bid to raise £200,000 to save them from administration.

The deadline for that has now passed, with more than £86,000 raised.

In the pre-match press conference, both manager Duncan Ferguson and skipper Billy McKay already appeared resigned to administration and the subsequent points penalty.

However, Ferguson said he would be keen to "pick up the pieces" following any 15 point penalty, while McKay was eager for ICT to return to some semblance of their former selves.

The club would face a severe challenge in battling administration and the points penalty in preventing a double-drop from SPFL League 1 to League 2.