ICT chairman Fraser ready to stand down

George Fraser is to stand down as chairman of Inverness Caledonian Thistle at the club’s annual general meeting on 22 September, the club has confirmed.

Fraser, who joined the board in 2005, insists it is time for fresh faces at the Tulloch Caledonian Stadium. In a statement released by Inverness CT, he said: “It had always been my intention to stand down at this AGM as it is my emphatic view that a football club, like any business, must always pursue a policy of introducing new faces and fresh thinking to maintain its successful development.

“So, after six years on the board, it is the right time for me to move aside. It was important for me to conclude, prior to announcing my decision, the negotiations which have recently brought in a substantial sum of investment.

“This is very welcome and I sincerely hope the club will in due course be able to finalise an arrangement with a group of expatriate supporters who have expressed interest in acquiring significant shareholding.”

Fraser added: “After chairing my fourth AGM, my intention is to stay on the board for a short period prior to stepping down as a director. It has been an immense privilege and pleasure to be chairman, and I know there are many high calibre people in our community to maintain the good work of being chairman of a wonderful community club.”

Fraser has a long-standing business relationship with Tulloch Homes chief David Sutherland, the previous chairman at Inverness, who remains a major shareholder in the club.