Inverness Caley Thistle attracts 20 expressions of interest after entering administration

Inverness Caledonian Thistle has received expressions of interest from 20 different parties since the club entered administration.

The Highland club appointed James Stephen, Malcolm Cohen and Shane Crooks at BDO as joint administrators on October 22 after they failed to reach a deal with a potential buyer.

Discussions surrounding a takeover had been ongoing between interim chairman Scott Young and businessman David Anderson, but the deadline for a potential new owner passed without a deal being completed.

Inverness, who played in the Premiership until 2017 and won the Scottish Cup in 2015, will now be hit with a 15-point deduction and a likely relegation to the fourth tier of the SPFL pyramid.

The administrators confirmed on Monday that they had received expressions of interest from 20 parties since the sale process for the club began.

They advised that those interested will be given more information outlining the investment opportunity “shortly”.

A BDO spokesperson said: “We have had many enquiries from people wanting to help and support the club financially, ranging from on-site restaurant opportunities to advertising and so on.

“Understandably, some have questioned where the funds will go. I’d like to stress that all funds raised will be used towards the running costs of the Club and will not be expended on professional fees or to pay historical creditors.”