Mystery Investor Seeks £1.2M Stake in Caley Thistle

A Highland businessman is set to meet with the board of Inverness Caledonian Thistle on Thursday to negotiate a £1.2 million investment in exchange for a 50.45% stake in the struggling club. The club, currently losing £4,000 daily and facing potential administration, needs approximately £1.6 million to sustain operations until the end of the season. The investor's proposal comes after a crowdfunding initiative raised only £85,000 of the targeted £200,000. A letter of intent has been submitted to request detailed financial information, with assurances that the club will not enter administration as a condition of the deal. If the club does go into administration, it could incur significant penalties, including a 15-point deduction. The meeting represents a last-ditch effort to save the club from insolvency, as other potential investors have not materialized.