This move comes after the club entered administration last October due to significant debts, with administrators recently highlighting a “significant risk” following failed ownership searches.

Mr Savage released a statement explaining: “Everyone who has an interest in Inverness Caledonian Thistle Football Club knows the predicament the Club is in.

“With the clock ticking I thought it was the right time to bring my personal offer to the table to buy the Club out of administration.”

Mr Savage, who has been financially supporting ICT since last summer, stipulated his offer is contingent on the following conditions:

1. 100% of the shares are transferred to FC Inverness (Mr Savage’s special purpose vehicle to buy the club out of administration).
2. All long-term loans are written off.
3. All the trade creditors sitting in administration accept that their debts are settled.
4. The company PropCo gives a written undertaking to sell the peripheral lease (excluding the triangle) to Inverness Caledonian Thistle for the price agreed at the meeting on Wednesday 19th March with an assurance that the purchase can be completed by 18th April.

Mr Savage further detailed his plans: “Under my control the immediate drivers will be to keep the Club’s football licences, stay in Division 1 and prepare for next season. The team around me will remain the same Kell, Billy, Charlie, Grassa and Andrew.

“The medium-term goal is to be playing mid table Championship within the next couple of years.

“Obviously as I have said before, the club will need help and I am hoping that being out of Administration and debt free will encourage local Businesses and Governmental bodies to step up to the financial plate.”

He added: “If my action prompts the acceleration of a better offer from another Buyer I will immediately step aside.

“My offer last August was to fund this club for 3 months until a buyer was found, this was extended to the end of the season and that still stands. But without ownership and full control I can only pay up to June’s wages if my offer is not accepted.”

BDO administrators have indicated they are “re-engaged” with several potential buyers after addressing uncertainties surrounding loans and shares. Agreements with loan creditors, major shareholders, and a former director could see loans written off and shares returned to the club.

BDO confirmed ongoing discussions with four to five interested parties. Mr Savage, who will have provided £1 million in funding by the season’s end, has also proposed a cost-saving measure – relocating to a smaller stadium at Inverness Campus, citing the current Caledonian Stadium’s excessive size and running costs.