Duncan Ferguson working for free amid Inverness financial crisis
Duncan Ferguson has revealed he is working for free as Inverness manager to try to help the club through a serious financial crisis.
Ferguson confirmed his gesture 24 hours after interim chairman Panos Thomas appealed for fans to raise £200,000 inside two weeks or see the Highland club go into administration.
The former Dundee United, Rangers, Everton and Newcastle striker is already believed to have taken two significant wage cuts since being appointed manager 12 months ago and is now foregoing his wages.
He said in a media conference: “Obviously I can’t go without a wage forever and ever, because I need to put food on the table myself. But, at the moment, I think needs must. So I’m making sacrifices.
Save ICT Fund
Following the report to Shareholders dated 1st October 2024 in which the Club laid out its current perilous financial position, which was subsequently published in the media, the Board of Directors are exploring all avenues to raise funding to save the Club from…
— Inverness Caledonian Thistle FC (@ICTFC) October 3, 2024
“I just think it’s the right thing for me to do personally. It’s a personal choice.
“It’s not easy, is it? It’s not easy for the club. But, there you go, I’ve made the decision and hopefully it can help.”
The club launched an online appeal on the GoFundMe website on Thursday afternoon and were closing in on the £10,000 mark two hours after making the link public on social media.
The League One club have already opened talks with administrators and the Scottish Professional Football League but hope fans and others can stave off the immediate threat of insolvency.
However, Thomas stated that the club would need to raise up to £1.6million through the course of the season to pay off creditors and meet cash requirements.