What does administration look like for ICT?

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Transcript

00:00Inverness Caledonian Fissile, a club that once brought the Scottish Cup to the Highlands,

00:06now finds itself at a crossroads. Here are five key questions on everyone's mind following the

00:12major development at Caledonian Stadium. What does administration mean for Cali Fissile's future?

00:18Administration means the club's financial control has been handed over to BDO,

00:22who will now work to stabilise the finances by cutting costs and potentially finding a buyer

00:27or reaching an agreement with creditors to secure the club's survival. What happens to the club's

00:33assets like the stadium and facilities? Well, BDO will review all the club's assets including the

00:39Caledonian Stadium and training facilities to see if selling, leasing or restructuring ownership

00:45could help pay off creditors. Why did Cali Fissile fall into administration?

00:51Years of accumulating financial losses left the club in a precarious state,

00:55and after falling short of their £200,000 crowdfunding target, administration became

01:01inevitable. What happens to the players and staff now? Player contracts are the first priority for

01:08administrators, but redundancies among other staff are to be expected as BDO works to cut costs.

01:14This could mean fewer staff to support daily operations and a leaner playing squad if player

01:19departures occur. How will administration impact the team's performance and standing? The club will

01:25continue playing matches and despite winning their most recent match last Saturday, they'll be

01:30hit with a 15-point deduction this season. This sends ICT to the bottom of the League One table

01:36on minus three points, making it difficult to avoid relegation without major changes.

01:41As BDO navigates through administration,

01:44fans and the wider community can only watch and hope for a positive outcome.