Hospice boosts funds after shares sold in football club

Web 640 inverness caledonian thistle football stadium pic by colin wilson wikimedia

TFN understands that Highland Hospice selling its stake in Inverness Caley is not related to the charity losing out in a recent scam

16th August 2017 by Gareth Jones 0 Comments

A hospice has seen its coffers boosted by the sale of a significant share in a football club.

Highland Hospice was gifted over half a million pounds worth of shares in Inverness Caledonian Thistle last year by an anonymous donor.

The charity did not want to be involved in the running of the club but welcomed the chance to raise funds, and has now sold the stake to three local businessmen.

Alan Savage, Iain McGilvray and Dougie McGilvray have each purchased a third of the shareholding in the Championship club. The 573,950 shares were originally bought for £1 each but it has not been revealed how much they have been sold for.

It was reported earlier this month that Highland Hospice lost a high six figure sum after being targeted by fraudsters, however TFN understands that the sale of the shares is not related to the incident and that the charity had been planning on selling them for some time.

Forbes Duthie, chairman of the hospice's board of trustees, said: "We would like to thank the donor of these shares for their generosity in supporting our appeal and also the three buyers for their ongoing support of Highland Hospice.

"With the facilities in Inverness fully upgraded we intend to use these funds to underpin the continued growth of services to support all those in need of palliative care across the whole of the Highlands."

McGilvray said: "We are delighted to have assisted Highland Hospice in converting the shares into funds to support the wonderful care they offer the local community.”