Football
Scottish SPFL club SOLD in shock move as new owner sweeps into power
INVERNESS CALEY THISTLE have put an end to months of speculation by announcing a takeover by new owners.
The Highland club have had a rocky time on and off the pitch and were relegated from the Championship last season under manager Duncan Ferguson.
4
4
The League One outfit admitted last month that they were at risk of insolvency due to financial concerns.
But the Caley board has now accepted a takeover bid from investment group Seventy7 Ventures.
The club said: “The Board of Directors of Inverness Caledonian Thistle Football Club can confirm that they have accepted an offer for a majority shareholding in the club.
“The club have been involved in intensive discussions with Seventy7 Ventures, a UK-based sports, entertainment and leisure group and are confident their investment will secure the future of the club.”
READ MORE FOOTBALL STORIES
Fans who had been unsure whether they’d still have a club to support going into the new season were quick to voice their relief on X, formerly Twitter.
One supporter said: “WE HAVE A CLUB TO SUPPORT.”
4
Another quipped: “opinion here>.”
A third commented: “We’ve been SAVED!”
However, not all of the reaction was positive, with one comment reading: “I’m incredibly doubtful this is going to go well.”
Another said: “Sceptical about it to say the least.”
Club spokesperson Panos Thomas said: “We have received a formal offer to acquire a major shareholding and voting rights of the company and this has been unanimously accepted by the Board.
“Ketan Makwana, the Executive Chairman of Seventy7 Ventures, has been a most dynamic suitor for the club in the past few weeks and following the most recent meeting with him in Inverness when he outlined his vision and passion for what the club could become, it was clear those plans and the financial backing of Seventy7 Ventures will give ICTFC the best opportunity to flourish again.
“This is very good news for the club as we strive to establish a more sustainable business and build a team that will in the first instance, return us to the SPFL Championship.”
Our New YouTube Channel
Subscribe to our new Scottish Sun Sport YouTube channel for all the latest football news, views and amazing moments.
We’ve got every major development covered from Celtic, Rangers, Hearts, Hibs, Aberdeen and the rest of the Scottish Premiership.
Plus we have TWO brilliant new podcasts to watch every week…
MONDAY
Go Ballistic with Roger Hannah and special guest Kris Boyd will dissect all the weekend action and deliver their no-holds-barred reaction.
WEDNESDAY
Robert Grieve and Bill Leckie chew over the tastiest topics in Scottish football and offer their unique takes in their Coffee Club.
FRIDAY
Go Ballistic is back with Roger Hannah and top tipster Jim Delahunt looking ahead to the weekend games and analysing the biggest talking points.
Subscribe now and don’t miss a thing.
Keep up to date with ALL the latest news and transfers at the Scottish Sun football page
Scots drivers hit with travel chaos as M74 CLOSED due to four-vehicle crash
How a handful of outraged Scottish women changed our world
Images show cars left stranded as heavy snow batters Scotland
What shape is Scotland’s economy in after 2024?
UK Weather: Wind messes up UK travel plans
Winds blow UK Christmas travel off course, with ferries and flights cancelled
Dundee United 0-0 Celtic: Scottsh Premiership leaders held at Tannadice
Scotland Unleashes New Powerful Upgrades For InterCity Trains boosting domestic travel sector – Travel And Tour World
What’s happening at New Lanark mill and what could be next?
