Caley Thistle administrators provide major update as deal agreed with shareholders

Caley Thistle administrators provide major update as deal agreed with shareholders

Caley Thistle's administrators are resuming talks with "four or five" parties after a crunch deal with clinched to write off debt.

Statement by Joint Administrators of Inverness Caledonian Thistle

The Joint Administrators of Inverness Caledonian Thistle can confirm that a positive meeting with loan creditors, major shareholders and a former Director of the club has taken place, resulting in heads of terms being agreed to facilitate the writing off of loans and the return of shares to the club. This is conditional upon achieving a successful exit from Administration and the club continuing to operate. The Administrators have spent time re-…