Everton legend Ferguson sacked as Inverness manager

Duncan Ferguson has been sacked as the manager of Inverness Caledonian Thistle.

The club is fighting for its survival after entering administration due to a financial crisis.

Ferguson said he and two coaches had been let go by the club. Other players and staff are expected to hear if they still have jobs on Thursday.

Administrators BDO said they were working to "secure the long term future" of the Highland team.

Earlier, Ferguson told BBC Scotland News he had "always been against administration".

Inverness had 15 points deducted as a result of being put into administration, meaning they face potential relegation from League 1.

They now sit bottom, on -3 points. Regardless of what division they are in next season, they will start on -5 points.

Administrators are attempting to find new owners to rescue the club. If that fails, assets could be sold and the money raised distributed to creditors.

Investor Alan Savage, a former club chairman, told BBC Scotland News he would give it his "best shot" to help save the club.

Asked if he was confident it could be saved, he replied: “Of course I am yeah.”

Savage pledged to help anyone who lost their job to find a new one.

Asked about his own potential role at the club if it survives administration, he said: "It’s a step by step process and until we’ve gone through those steps it’s a bit early to say.”