Hereford United have 'spoken to an administrator' over their financial woes, says chairman David Keyte

Hereford United.

Hereford United.

First published in News
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Hereford Times: Photograph of the Author by , Sports Reporter

CASH-STRAPPED 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’.

Keyte has issued a new appeal for fresh investment.

"We continue to seek new investment whether that is someone to come alongside the current board or even to replace the current board," he said.

United have just suffered a major blow – a six-figure deal with a telecommunications company has fallen through.

Now United must settle a debt of £36,500 to HMRC or face a winding-up order at the Court of Justices in London on Monday, January 27.

In a statement released today, Keyte said: “When we lost the New Year’s Day fixture with Kidderminster Harriers we were unable to complete the payment of December wages amounting to £17,000.

"This despite the sale of shares and donations reaching £20,000 and the board of directors putting in £35,000.

"We have been in several discussions with stakeholders, including the council, to attempt to resolve matters prior to January 27.

"We have also sought the advice of an administrator should the worst scenario actually be necessary. I would stress that remains our last resort.”

He added: "To lose the much discussed telecoms deal at the last-hour is a massive blow to the club but is absolutely the correct conclusion when we consider the long term future of the stadium and future proposed developments.

"The council solicitors and our own club solicitors were in total agreement on this.”

Comments (1)

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3:38pm Fri 17 Jan 14

suttondad says...

the re-development issue keeps getting talked about, but very little action, the telecoms route was always going to be an issue over re-location, that should of been discussed early in negotiations to save time, it's pointless talking about re-development at this point in time without the much needed investment, there will be no HUFC at Edgar Street. Well done to all those fans who have put money in to the club, just a shame it had to come to that.
the re-development issue keeps getting talked about, but very little action, the telecoms route was always going to be an issue over re-location, that should of been discussed early in negotiations to save time, it's pointless talking about re-development at this point in time without the much needed investment, there will be no HUFC at Edgar Street. Well done to all those fans who have put money in to the club, just a shame it had to come to that. suttondad
  • Score: 3

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