Ferguson hopes for Caley Thistle cash injection within 'weeks'

Inverness Caledonian Thistle head coach Duncan Ferguson is hopeful fresh investment will be secured for the financially troubled club within the next few weeks.

Caley Thistle's money worries have worsened following relegation to Scottish League 1 and they have had to downsize their squad and rely mostly on young local players.

The club has also faced criticism from fans over a now abandoned plan to move training to the central belt and for the way some former players have been treated.

Ferguson says he is concentrating on matters on the pitch but is hopeful the financial situation will improve.

"No-one knows what the future holds," he said. "Hopefully, when the new owner comes in, things will pick up and we can tweak the squad a little bit.

"I'm positive that the club are well down the road with the takeover. We're all excited about that and hopefully it's only two or three weeks away - and then we'll get a cash injection."

However, Ferguson added: "At the moment, we don’t have a budget, so we can’t go looking for players.

"To be fair, we have one or two in the pipeline as such, but the players will be mostly local due to accommodation costs."