Inverness latest as mystery investor confirms last ditch talks to stop Highland club from going under

Inverness Caledonian Thistle are reportedly set to hold a crunch talks with an unnamed Highlands businessmen on Thursday as they desperately continue their bid to save the club from going bust.

Despite the success of a fundraiser which raised a credible £85,000 for the club, the League One side were hoping to bank £200,000 to go towards the £1.6million needed to keep them afloat for the remainder of the season. At a meeting last week, former Caley Thistle chairman Alan Savage warned supporters to brace themselves for administration with the BDO on standby. But the local businessman - who has chosen to remain anonymous - has now confirmed that he will told talks with Caley officials on Thursday, with the investor willing to pump £1.2million into the coffers in return for a 50.45 per cent stake in the club, according to the Press and Journal.

A spokesperson for the mystery investor - who is believed to have no current links to football - read: "Myself and the investor will be in Inverness tomorrow morning to hold a meeting and have been in touch with the club. We will be doing everything correctly and the right way to see if there is a solution for a deal."

Duncan Ferguson's team currently sit second bottom in the third tier with just nine points from their first nine games following relegation from the Championship via the playoffs last season. If Caley were to enter administration, then they could be whacked with a 15-point deduction by the SPFL.

The club could also be hit with a transfer embargo as well as a review of their current SFA license. The Inverness board are yet to comment on the proposed discussions set for Thursday but an update from directors on the current situation facing the club is expected imminently.