Latest news with #CaleyJags
BBC News
4 days ago
- Business
- BBC News
New name for Inverness Caledonian Thistle's stadium
Inverness Caledonian Thistle FC's Caledonian Stadium has been renamed the Sarens PSG Stadium after a marine engineering company secured naming 7,512 capacity ground as been the Highland club's home since late Sarens PSG, which works in the offshore renewables sector, has signed a three-year sponsorship deal with the League 1 chairman Alan Savage said the deal was a "fantastic" piece of financial support. Caley Jags got into financial difficulty last year after running up large debts and the club was placed into in June agreements were reached with creditors that allowed Mr Savage to take over the the Sarens PSG deal, Mr Savage said: "Let's hope other businesses small and big follow their lead to put Inverness Caley Thistle on a solid financial foundation, so it can invest in a team that can climb up the leagues." Sarens PSG director Paul Clark said the company was "proud" to invest in the said: "The club has a passionate, ambitious fan base and a strong sporting tradition, and it will be an honour to see our name displayed on the stadium."The club's first home game of the new season is against Peterhead on Saturday.
BBC News
10-04-2025
- Business
- BBC News
Alan Savage preferred bidder to buy Inverness Caley Jags
Businessman Alan Savage has been appointed preferred bidder to takeover Inverness Caledonian club was placed into administration last October after running up large administrators warned earlier this month that the Caley Jags were at "significant risk" after an unsuccessful attempt to find a new Savage, who has been providing funding since last summer, said earlier this month his offer was on condition of him taking 100% control and all long-term loans were written off. His offer was due to expire on 11 Scottish League 1 club is now expected to exit administration at the end of the Thursday, he said he was delighted his offer had been accepted by the club and joint Savage told a press conference he wanted to develop Inverness' youth academy and looked forward to climbing the leagues in the added: "It would be a real shame - and embarrassment - if Inverness was liquidated."It is an important part of the community and I could let it fail."He said the club was striving for Championship status.
BBC News
28-03-2025
- Business
- BBC News
Alan Savage makes bid to take over Inverness Caley Jags
Inverness Caledonian Thistle investor and former chairman Alan Savage has made a bid of £800,000 to take over the trouble-hit club was placed into administration last October after running up large administrators warned earlier this month that the Caley Jags were at "significant risk" after an unsuccessful attempt to find a new Savage, who has been providing funding since last summer, said his offer was on condition of him taking 100% control. He said his bid would expire on 11 Thursday, the joint administrators said they had "re-engaged" with a number of potential buyers for the Scottish League 1 club. It emerged earlier this month it had not been possible to secure a new owner due to uncertainties around loans and BDO Administrators said a meeting of loan creditors, major shareholders and a former director had led to an agreement that could see loans written off and major shares returned to Inverness Caledonian Thistle (ICT).It said discussions were "ongoing" with four to five interested the end of the current season, Mr Savage will have provided a £1m to ICT to keep it this month, he suggested moving to a new, smaller stadium could help save the club Savage said 7,512-capacity Caledonian Stadium, which was opened in 1996 and upgraded in 2004, was too big and costly to suggested a new stadium could be built at Inverness Campus, a site already home to Inverness College UHI and the NHS's Highland National Treatment Centre.
