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Caley Jags aiming to attract fresh blood at EGM

Caley Thistle chief executive Scot Gardiner (left) and Graham Rae.
Caley Thistle chief executive Scot Gardiner (left) and Graham Rae.

Caley Thistle hope to attract new board members when they hold an extraordinary general meeting next month.

Inverness, who are in their third successive Championship campaign, have faced numerous financial challenges since suffering relegation to the second-tier in 2017.

Caley Jags recorded a loss of £810,000 for the year ending 31 May 2018, and are expected to confirm a similar shortfall for the period covering their second Championship campaign at the club’s forthcoming annual general meeting.

In the meantime, the Highlanders have called an EGM to be held at Caledonian Stadium on Thursday, October 3 at 7.30pm, in order to update shareholders on a series of recent discussions about increasing the club’s revenues.

Caley Jags also completed a deal to reclaim ownership of the lease of Caledonian Stadium from Tulloch Homes earlier this year, which the club say has had a “very positive impact on the balance sheet.”

Inverness chief executive Scot Gardiner is keen to allay fears, insisting the club view the meeting as an opportunity to outline their plans to potential new boardroom additions.

Gardiner said: “The purpose of the EGM is to give everyone an update on all the meetings we have had to discuss the plans we are trying to put in place for the next two to three years.

“We are looking to bring new blood into the boardroom, and there are different ways people will be able to join the effort to give us some of the stability that gives us that platform.

“We are speaking to a number of different people at the moment, businessmen and businesses who are minded to support the club.

“Some may join the board, and some may support the club in different ways. Some we are looking for investment from, and some their business reach and expertise.”

Inverness have finished fifth and third in the last two seasons, with John Robertson’s men missing out on promotion last term through a play-off defeat to Dundee United.

Caley Jags have enjoyed a fine start to the campaign, with only two points separating them from the Championship summit after five games, and Gardiner feels the club remains geared towards achieving its goal of a top flight return at the third attempt.

Gardiner added: “We believe we’ve put together a good squad of players, good enough to get promoted this year, but in the Championship our revenues continue to be drastically hit.

“Accordingly we’ve looked at how we can either raise revenues or garner investment that gives us the platform to get promoted.”

Inverness have confirmed they also plan to hold a public meeting shortly after the EGM, in order to inform non-shareholding supporters of the club’s plans.