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Club Statement As one major part of our planned strategic restructure of the club, ICTFC are delighted to announce an innovative agreement with League 1 side Kelty Hearts which will see the club move our training base to the Fife club’s New Central Park Stadium. This creative partnership will mean that we will hire their excellent facilities which include a 3g pitch, onsite grass pitches and offices for our coaching staff, as our training base during the week starting from this coming pre-season in June. The last few years have seen the geographic challenges in getting players to move to the Highlands become ever harder for a number of reasons. Caledonian Stadium will always be our home, but other factors in Scottish football have changed and where we train should not be an impediment to the quality of the players we can attract to Caley Thistle, or to our potential to progress. The commercial success of the city of Inverness – which will always be our home - both as a tourist destination and a place to live, has led to very high prices for the accommodation we require to house players. In addition to these high costs which our competitors do not carry, the extremely limited housing stock in Inverness continues to be both a challenge and a huge factor working against us. Increased playing budgets in and around the central belt has meant that on many occasions, even when we have offered players more favourable terms than our competitors, sometimes even agreed deals, we have then been told that the player has changed his mind due to challenges relocating their families. Support structures in and around the families of players may all be in and around the central belt, partners will have jobs where they live and moving kids schools to the Highlands and moving home itself can just be seen as impractical for a one or two year contract. It makes it particularly challenging for us to sign senior players, a category which through no fault of our budget, or of previous ICT Managers, we have struggled to attract in the last few seasons. Similarly, our location means that we miss out on the opportunity of signing promising players from the larger clubs in Scotland, on loan or otherwise. For the avoidance of any doubt we absolutely intend to continue to develop our own homegrown Highland boys and we will take the appropriate steps to make sure that by being creative, innovative and practical, they do not miss out on the chance to have a pathway to first team football with their team. We have a proud tradition of introducing local players in to our first team and this will absolutely continue. We obviously never intended to be in the same division as Kelty when originally exploring this concept, but football throws strange things at you sometimes and having reassessed the proposition and judged that the pros still far outweigh the cons, we would like to thank the Board of Kelty Hearts and MD Stefan Winiarski and his management team for considering this unique to the SPFL partnership, and then seeing and agreeing on the possibilities and benefits for both clubs. To reiterate, by moving our footballing department's training base to central Scotland, both the club's Board of Directors and the club's First Team Management feel we give ourselves the best possible chance to attract the highest quality players to the club, allowing some of the players we sign to also live in and around the central belt while playing for ICTFC. We now look forward to taking further positive strides on and off the pitch to address the football and financial challenges we face we believe this exciting opportunity to help us attract players previously not available to us and build a better squad, is one of the first steps we can make and we hope to develop further innovative partnerships. Inverness is and will always be our home. The Caledonian Stadium will always be where we play our football. We hope this venture will help us achieve our goal in giving our supporters a team to be proud of.

Chairman's Statement Dear Caley Jags, This past weekend has been hugely disappointing for everyone associated with the club, and we were all totally devastated. Ultimately our results over the entire season, particularly at home, were simply not good enough and we must now reflect on the lessons learned from this season and start to prepare for the challenges ahead in League One. The goal of everyone at the Caledonian Stadium is to return to the Championship as soon as possible. At the same time, we must continue to focus on the long-term stability and development of the club both on and off the pitch, to ensure our sustainability. We have been working for a number of weeks on a comprehensive restructuring plan for what we believe is the best way forward for ICTFC, details of which will be announced in the next few days, but following last night’s Board Meeting, I can confirm that the club will remain full-time next season and I thank everyone in advance for showing some patience as we make sure that plan is finalised. I believe that while the events of the weekend were distressing for all of us, now is the time to demonstrate unity. In football, it is inevitable that failure will visit every club at some time across the years but when it arrives as brutally as it did for us last week, it is important that we take the extra day or two in order to make the correct decisions so that we emerge stronger. We cannot thank our fans enough for the fantastic support they have given the team, both at home and away, through-out the season. Your commitment to the Club is an inspiration and one of the foundations that will support us going forward. Once again, we would like to thank you all for your continued and valued support and hope you will remain with us on the next part of the club’s journey. On behalf of the Board of Directors of the club, Ross Morrison Chairman

Let's talk Inverness Caledonian Thistle Football Club. This time last year preparing for a Scottish Cup Final. Jut two seasons ago beaten finalists in the Premiership Play Off Final. As recently as 9 years ago finishing 3rd in the Premiership, winning the Scottish Cup and playing in Europe. Now in League 1. Finances in meltdown, latest accounts showed a loss of £800K and their battery farm application that was supposed to bring in much needed revenue is lying in tatters. Big Dunc one year into a three year contract, presumably on a fairly decent wedge. What a horrendous mess.