Inverness CT handed £3m boost that could save club as Sir Alex Ferguson offers helping hand
dailyrecord.co.ukFinancially-stricken Inverness Caley Thistle believe they are set for a new dawn after £3million of historic debts were wiped out – with backing from Sir Alex Ferguson.Incoming advisor and the club’s former chairman Alan Savage held an emergency 11am meeting with individuals and firms that had previously given loans to the club.
And he even had legendary Sir Alex on the phone, asking to help. During the crunch meeting, he secured agreement from every one of those owed loans to either write off the money they were owed or convert the debt into shares in the club.He said the ground-breaking agreement removed “a massive burden on the club” and would be a major game-changer in paving the way for new ownership and investment in Caley Thistle.
It is understood that, just minutes after the announcement, agreement to meet potential Portuguese buyers was reached.Savage and his representatives, GRM Marketing, will fly out to Lisbon on Monday next week for talks with a group who are understood to have recently bought Italian Serie A club Monza.
By far the most significant gesture from those owed money came from previous chairman Ross Morrison who pledged to waive a massive sum of around £2.1 million owed to him in loans.
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