Inverness Caledonian Thistle to exit administration

Inverness Caledonian Thistle (ICT) is to exit administration after agreements were reached with its creditors.

The Highland club got into difficulty last year after running up large debts.

Joint administrators BDO was appointed in October to oversee its finances, and also find a new buyer.

In an announcement on Thursday, BDO said the agreements would allow ICT to leave administration by early July, and retain its place in League 1.