CRISIS-HIT Inverness have warned that they may be forced into insolvency as they announced that they have shelved their controversial plan to move their training base 135 miles south to Kelty.

The beleaguered Highlands club revealed they are in talks with potential new investors after Norwegian renewables company Statkraft confirmed it was walking away from a previously agreed deal worth between £1.4 million and £1.7m to the Caley Jags over five years.

But Inverness’s board is also mindful of a worst-case scenario possibly coming to fruition if the discussions fail to result in a positive outcome.