Inverness look likely to be heading for administration - after potential investor David Anderson has decided not to make a last-minute bid to save the troubled Highland club.
The Highland businessman Anderson held talks with the Caley Thistle board yesterday. Those talks were positive but having seen the books Anderson has decided this morning it is almost impossible with rising debts in excess of £3 million.
The crippling debts and monies and loans owed to former directors make it almost impossible to fund. Anderson wanted to save the club from administration but isn't looking to take the club over in the long-term.
He was willing to put in around £1.2 million but the club feel it needs a lot more to get the club back on an even keel. The Inverness board had given the investor until noon today as a deadline but they have been informed that the IT and finance businessman won’t be pursuing his interest.