Hereford United, expelled from the Conference and playing in the Southern Premier League, are once again on the verge of going out of business.
The Bulls tried to agree a Company Voluntary Arrangement with creditors, but there was insufficient support. In particular, Her Majesty’s Revenue and Customs, which is owed £170,000, refused to agree. For some time now the tax authorities have lost their patience with football clubs them using them as a free credit card at the expense of other taxpayers.
Hereford United, expelled from the Conference and playing in the Southern Premier League, are once again on the verge of going out of business.
The Bulls tried to agree a Company Voluntary Arrangement with creditors, but there was insufficient support. In particular, Her Majesty’s Revenue and Customs, which is owed £170,000, refused to agree. For some time now the tax authorities have lost their patience with football clubs them using them as a free credit card at the expense of other taxpayers.
Unless the Bulls can find investment before September 1st, a winding up petition will be brought against them. Former owner Tommy Agombar, who earned the rare distinction of failing the ‘fit and proper persons’ test, has sold his shares to Essex based Alpha Credit Finance.
The Bulls have enjoyed spells in the Football League and were famous FA Cup heroes. They mean a great deal to their fans and it is hard to think of a city like Hereford not even having a non-league club. Fans would undoubtedly try to form a phoenix club if that happened.