Inverness Caledonian Thistle set to hold talks with Portuguese investors
Inverness Caledonian Thistle are ready to meet with potential Portuguese buyers as early as Monday next week after securing agreement to wipe out historic debts of over £3 million.
Monday’s dramatic announcement that those crippling loans debts owed to a clutch of individuals would be waived or converted into shares has reignited the Iberian interest.
Past chairman Alan Savage, enlisted by the board to spearhead financial recovery, is expected to fly out to Lisbon with his marketing representative, Gordon Ritchie, of GRM Marketing.
They will seek to ensure any potential deal is in the club's best interests, but will now be able to offer assurance that the club is no longer sidled with unmanageable debt.
Previously, Mr Savage indicated that a Portuguese company, who had just bought Italian Serie A side Monza, were interested in investing in a club in Scotland and one in England as part of their overall plan.
WATCH: ‘Massive burden’ removed from Inverness Caledonian Thistle as £3 million of debts wiped out.
