Inverness Caledonian Thistle Takeover Bid: Alan Savage's £800k Offer and Club's Future Prospects

High-Stakes Takeover Bid for Scottish Football Club

Inverness Caledonian Thistle investor and former chairman Alan Savage has submitted an £800,000 offer to acquire full control of the financially troubled Scottish League 1 club. This development comes six months after the club entered administration due to mounting debts.

Critical Financial Situation

• Club entered administration October 2023 with "significant risk" warning
• Previous owner search failed due to uncertainties around loans/share structure
• Savage has already provided £1m in funding to sustain operations this season
• Current bid includes condition of 100% ownership, expires April 11

Stadium Relocation Proposal

Mr. Savage has suggested radical cost-saving measures, including:

• Moving from the 7,512-capacity Caledonian Stadium (opened 1996)
• Proposing new smaller facility at Inverness Campus
• Current stadium deemed "too big and costly" for club's needs
• Potential site near Inverness College UHI and NHS Treatment Centre

Administration Update

Joint administrators BDO reported:

• Active discussions with 4-5 interested parties
• Breakthrough in creditor negotiations
• Potential for loan write-offs and share restructuring
• Ongoing efforts to secure club's long-term future

Club's Competitive Context

Inverness Caledonian Thistle:

• Currently competing in Scottish League 1
• Historic 2015 Scottish Cup winners
• Facing significant financial and operational challenges
• Community importance in Highlands football landscape

Next Steps

The coming weeks will be crucial for the club as:

• Savage's offer approaches April 11 deadline
• Administrators evaluate multiple options
• Critical decisions needed regarding stadium strategy
• Players/staff await resolution amid season climax