The Administration Game

Welcome to the Wyness Shuffle administration special podcast, covering all the recent events in the tumultuous and dramatic world of Inverness Caledonian Thistle Football Club.

Join Andrew Moffat, Andrew Young, Stevie Riley and guest panellist and season ticket holder Jamie MacKinnon as they discuss the recent events. The boys focus on the call for help from the administrators, Alan Savage laying down the gauntlet, the subsequent shareholders meeting and what the future might hold. Plus an exclusive interview with the insolvency expert who presided over 7 SPFL club administrations, Bryan Jackson!

00.01 AN INTRODUCTION TO BOMB DISPOSAL

The boys overview the recent events and talk a bit about James Bond and defusing bombs.

05.15 THE PERILOUS TIMELINE

We go through the timeline of events from 16 March to present day focusing on the BDO statement, Alan Savage's press conference and the resultant events. Was this a calculated risk or a finitely managed plan? Why were no offers received? Why has it taken so long to get the shareholders to agree? Why is the shareholding ‘a dog’s breakfast’? What happens with the land around the stadium? And what needs to occur to force through a CVA?

23.36 SHAREHOLDER’S ASSEMBLE

A meeting of 10 major shareholders was held on Wed 19 March which those present have called ‘transformational’. Former ICT Vice Chair Allan Mackenzie said the response was ‘very positive’ and offers ‘reasons for optimism’ and that there is now a ‘way through’ these issues, and that he was now – as of Wed afternoon – speaking to BDO to expedite the process through the means of a CVA in order to secure a buyer.

39.01 TALK TO ME: SCOTTISH FOOTBALL INSOLVENCY EXPERT BRYAN JACKSON

An exclusive TWS interview with Scotland’s foremost expert on football finances. A man who has been at the forefront of no less than SEVEN SPFL club administrations. Mr Bryan Jackson, of Finance firm Johnston Carmichael. And it was Bryan who actually put ICT and BDO together back in October, after speaking with Alan Savage himself, so he was ideally placed to comment on all the goings on, and he’s got some great one liners, which always helps.

1.31.05 BACK TO THE FUTURE

Following events discussed in this podcast, Alan Savage confirmed he will advance discussions with a number of businesses to try and secure key funding. Presumably that would then form an official bid for the club. He said ‘the fog has lifted’ and moves to secure a buyer can now be ‘rekindled.’

Who might be part of his consortium? What are the Highland council meetings about? How quickly does all this need to happen in order to retain the football licenses with the SFA and SPFL, to retain the squad for next season? And we discuss Savage’s comments about Caledonian Stadium and a potential move away from the banks of the Moray Firth.

There's it.