Inverness Caledonian Thistle have taken a major step towards survival after securing their place in League One.
The achievement was hailed as a proud moment by the Joint Administrators, who praised the efforts of everyone involved at the club.
Attention now swiftly turns to a critical meeting scheduled for Thursday 22nd May.
At this meeting, a proposal for a Company Voluntary Arrangement will be put before the creditors.
If approved, the CVA would see Inverness Caledonian Thistle exit administration and retain their spot in League One.
The Administrators confirmed that significant progress has already been made towards the conditions set out in Mr Savage’s offer.
This includes the complete transfer of voting shares to his purchasing vehicle.
It also requires all loan creditors to agree to write off their debts.
An agreement has also been reached with the Inverness Caledonian Thistle Property Company to purchase land surrounding the stadium.
However, the Administrators have been clear that all conditions must be satisfied before the meeting can go ahead.
Shareholders are being urged to act quickly and return their stock transfer forms without delay.
A stark warning has been issued to those who may be considering rejecting the proposal.
The Administrators warned that failure to agree could see Mr Savage’s offer withdrawn entirely.
In that case, the club’s assets could be sold to another party.
Such a move could result in the club’s demotion outside the professional league structure.
The potential consequences would be catastrophic for the future of the club.
It could lead to the dissolution of the existing entity.
If that were to happen, all current shares would become worthless.
The Administrators underlined that now is the time for unity and swift action.
There remains a real chance to save Inverness Caledonian Thistle and build for a brighter future.
The final decision now lies with those who hold the power to make or break the club.
The fate of Inverness Caledonian Thistle will be decided in a matter of days.
There is hope, but it requires full commitment and cooperation from all parties involved.
The fans, players, and everyone connected to the club are waiting anxiously for the outcome.
The Administrators have made it clear they are doing everything possible to ensure a positive resolution.
The next chapter in the proud history of Inverness Caledonian Thistle is about to be written.
