Savage preferred bidder to buy Inverness Caley Thistle

Businessman Alan Savage has been appointed preferred bidder to takeover Inverness Caledonian Thistle.

The club was placed into administration last October after running up large debts.

The administrators warned earlier this month that the Caley Jags were at "significant risk" after an unsuccessful attempt to find a new owner.

Mr Savage, who has been providing funding since last summer, said earlier this month his offer was on condition of him taking 100% control and all long-term loans were written off.