Hereford United have spoken to an administrator over their financial woes, admits chairman David Keyte. Keyte says United have sought the advice of an administrator ‘should the worst scenario actually be necessary’. He has issued a new appeal for fresh investment.
Hereford United have spoken to an administrator over their financial woes, admits chairman David Keyte. Keyte says United have sought the advice of an administrator ‘should the worst scenario actually be necessary’. He has issued a new appeal for fresh investment.
United have just suffered a major blow – a six-figure deal with a telecommunications company has fallen through. The telecoms deal, which would have cleared Hereford’s debts, fell through over logistical issues, including a failure to agree who would carry the cost of removing and relocating equipment when the ground is redeveloped
Now United must settle a debt of £36,500 to Revenue and Customs or face a winding-up order at the Court of Justices in London on Monday, January 27.
Emphasising how important gate receipts can be to a club in Hereford’s position, when they lost the New Year’s Day fixture with Kidderminster Harriers they were unable to complete the payment of December wages amounting to £17,000. This was despite the sale of shares and donations reaching £20,000 and the board of directors putting in £35,000.