Inverness receive financial boost

PA Sport
Tulloch Caledonian Stadium
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Tulloch Caledonian Stadium

Inverness have received a cash injection after a £250,000 shareholding in the club was purchased by the Muirfield Mills consortium, the Clydesdale Bank Premier League club have announced.

As part of the agreement with the group of expatriate Invernessians, the Caley Thistle board invited Richard Smith, the Inverness-based director of Allied Surveyors Scotland, to join the board and he accepted.

It is the only alteration in the operation of the club.

Inverness executive chairman Kenny Cameron said: "We are delighted at this financial injection at an extremely challenging time economically for the game in general.

"But more than that, these are talented entrepreneurs who work abroad but have the best interests of Inverness Caledonian Thistle FC at heart and I am confident we will receive future benefit from their insight and international contacts."

Smith said: "I am delighted to join the board and look forward to working under Mr Cameron and alongside my fellow directors and to make a contribution to the wellbeing of the club."

Manager Terry Butcher said: "In the current financial climate this is a tremendous boost for us all at the club."

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