Duncan Ferguson has left his position as manager of Inverness Caledonian Thistle, the former Scotland striker has told BBC Scotland News.

The Scottish League 1 club was put into administration on Tuesday amid financial issues and was automatically deducted 15 points as a result.

That has left them 12 points adrift at the bottom of the table and facing relegation to League 2, just eight years after they were in the top flight.

Regardless of what division they are in next season, they will start on minus five points.

Speaking outside the Caledonian Stadium on Wednesday, former Dundee United, Rangers, Everton and Newcastle forward Ferguson said he and two of his coaches had been let go.

Earlier, Ferguson said he had "always been against administration".

Players and other 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 club by attempting to find new owners.

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 role if the club survives, he said: "It's a step-by-step process and until we've gone through those steps it's a bit early to say."