Football

Inverness announce profit rise

Inverness have announced an annual profit of more than £250,000.

The club turned a profit for the third consecutive season, but the sum was a huge rise on the previous total of £28,000.


The figures relate to the year ending May 15, 2015, two weeks before the Ladbrokes Premiership club won the William Hill Scottish Cup.


Chairman Kenny Cameron said: "Our strategy and business model has again served us well over a memorable period in which we won the William Hill Scottish Cup, finished third in the Premiership and qualified for the Europa League.


"It shows what is possible when everyone within a club shares a dream. Our intention is to continue to build on what has been achieved.


"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."


Turnover rose from £3.9million to £4.6million and the club have continued to perform well financially this season, reporting an upturn in season ticket sales as well as the sale of Ryan Christie to Celtic in August for a reported fee of £500,000.