Alan Savage has confirmed a personal bid to rescue Inverness Caledonian Thistle from administration, offering a direct and time-limited plan to take full control of the club.
Speaking at a press conference this morning, Savage announced he will set up a new company, FC Inverness, to act as a special purpose vehicle for the £800,000 purchase.
The offer is open until the close of business on 11 April 2025.
Savage made clear the deal is conditional on several key points being met.
All shares in the club must be transferred to FC Inverness.
All long-term loans must be written off.
All trade creditors must remain within the administration process unless settled by the administrator.
In addition, a company known as PropCo must commit in writing to sell peripheral lease land, excluding the triangle, to Inverness Caledonian Thistle by 18 April, at a previously agreed price.
Savage stated that his immediate goal would be to preserve the club’s licences, secure their place in League One, and begin preparations for next season.
He confirmed that the current operational team would stay in place.
In the medium term, he is aiming for the club to reach mid-table in the Championship within the next few years.
Savage said that exiting administration and becoming debt-free could help bring local businesses and public bodies back to the table with financial support.
He reiterated his willingness to step aside if a better offer is presented, but noted that without ownership, his funding only covers wages until June.
Savage confirmed that he has formed FC Inverness entirely on his own, after months of delay and inaction from other parties.
He expressed frustration at constant excuses and said he decided it was time for someone to act.
Savage estimated his personal input will amount to £1.8 million once all is said and done, not just the £800,000 offer price.
He acknowledged that others may come forward, but believes his plan offers simplicity, decisiveness, and a clear future for the club.
He emphasised that his bid is about saving the club, maintaining its licences, and ensuring football continues in Inverness.
Savage confirmed he has had no direct involvement in discussions with the 4–5 other interested parties, leaving that responsibility with the administrator.
He said that if the offer is accepted and the conditions are met, the necessary guarantees to preserve football licences would be in place.
He believes that under his stewardship, continuity, stability, and common sense have already begun to return to the club.
Savage made clear that 100% shareholder approval is essential and that 80% is simply not enough for decisive ownership.
He wants the club tidied up, run properly, and free of the complications that have hindered previous deals.
He stressed that the lease is a key asset and any liquidation would reduce its value due to the stadium’s unfitness for purpose.
Savage said the administrator will request the remaining shareholders to cede their shares, with major shareholders already agreeing.
He acknowledged that concessions are required from everyone, but warned that without full control, he cannot continue.
Savage concluded by saying the club must be run like a business – small, emotional, but functional.
