Inverness Caledonian Thistle have accepted an offer for a majority shareholding in the club.
The latest development in the sale of the club comes after extensive discussions with Seventy7 Ventures to secure vital, fresh funding in the League One club.
The group is a UK-based sports, entertainment and leisure group and are confident their investment will secure the future of the club.
Panos Thomas, spokesperson for the Board of Directors, said: “We have received a formal offer to acquire a major shareholding and voting rights of the company and this has been unanimously accepted by the Board.
"Ketan Makwana, the Executive Chairman of Seventy7 Ventures has been a most dynamic suitor for the club in the past few weeks and following the most recent meeting with him in Inverness when he outlined his vision and passion for what the club could become, it was clear those plans and the financial backing of Seventy7 Ventures will give ICTFC the best opportunity to flourish again.
"This is very good news for the club as we strive to establish a more sustainable business and build a team that will in the first instance, return us to the SPFL Championship.”
Ketan Makwana, Executive Chairman of Seventy7 Ventures, said: "We at Seventy7 are delighted to have achieved this result, we want to thank the Board, Chief Executive and former Chairman for their continuous workability and open mindedness to see our vision of the future for the Football Club and the community of Inverness.
We are relishing the opportunity to drive sustainability and growth in the Club and lead them to future prosperity."
More information will be released in the coming days and weeks on the legal completion of the deal.
On the field, Duncan Ferguson's side face Dundee in the Premier Sports Cup tomorrow, before the start of their league campaign against Dumbarton.
