Inverness Caledonian Thistle has accepted an investment proposal for a majority stake from a company based in England, expressing “confidence that this investment will safeguard the club’s future”.
Seventy7 Ventures is a group specializing in sports, entertainment, and leisure, headquartered in Windsor.
Ketan Makwana, chief executive of Seventy7 Ventures, stated, “We are excited about the opportunity to foster sustainability and growth within the club and guide them towards future success.”
According to a statement from Caley Thistle, which was relegated to League 1 last season, the proposal was “unanimously approved by the board”.
Further details regarding the arrangement will be disclosed once the deal is finalized.
In May, the club announced plans to relocate their training facilities to Kelty in Fife to help reduce expenses.
After facing significant backlash from fans, the decision was quickly reversed, leading to the resignation of chairman Ross Morrison.
The 2015 Scottish Cup champions had also indicated they were preparing to enter administration if they could not secure new investments.
