Without raising a significant amount of funds soon, the club ICTFC risks falling into administration, facing dire consequences including potential relegation to lower leagues.
A credible buyer must be found, or ICTFC will require 1.6 million to avoid insolvency and cover cash losses. Stakeholders must brainstorm innovative funding approaches.
Fan anger escalated following relegation and a controversial plan to relocate the club's training base. Financial troubles are deepened by previous losses and future predictions.
Alan Savage indicated that administration could alleviate current pressures, but warned about league point deductions and relegation to part-time divisions.
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