Inverness Caley Thistle announce record profit after best-ever season
Thursday 12 November 2015 16:25, UK
Inverness Caledonian Thistle has announced a club record profit of over £250,000.
It is the third successive annual profit and a shows a marked improvement on last year's £28,000.
Caley Thistle won the Scottish Cup for the first time last season and finished third in the Premiership, successes which led to a first-ever foray into European football.
Although they fell at the first qualifying hurdle to Romanian club Astra Giurgiu chairman Kenny Cameron is delighted with the club's recent progress.
He said: "It shows what's possible when everyone shares a dream. Our intention is to continue to build on what has been achieved.
"Our strategy and business model has again served us well over a memorable period in which we won the Scottish Cup, finished third in the Premiership and qualified for the Europa League.
"The lack of a league sponsor impacted on club income while player and staff rewards for achievement increased our spend but the Scottish Cup revenue and the sale of Billy Mckay to Wigan in January ensured a more than acceptable return.
"We've been aware for some time that we have a very special group of players. We've done our best to retain the services of the majority of them to ensure squad stability going forward."
The accounts show that turnover rose to £4,623,203 from £3,891,475 the year before while Scotland U21 midfielder Ryan Christie has been sold to Celtic.
Christie, who was loaned back to Inverness by the champions, injured his knee in the 3-1 win at Motherwell and will head to Lennoxtown next week to begin rehabilitation. The 20-year-old won't need surgery but does face up to four weeks on the sidelines.
