IOC: "Time to pull the plug on Hereford United"

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

IT’S Our County (IOC) says it’s time to stop “thinking it’s all over”  about the present Hereford United – because it is.

IOC confirmed this afternoon that it backs the idea of a new supporter-led community club and company to keep football going at Edgar Street.

“There comes a point in the trading life of a company when to try and save that company in its existing form is simply not worth it,” said IOC’s Cllr Mark Hubbard.

“Mired in debt with leases of potential, but questionable value – it is time to pull the plug on Hereford United Football Club (1939) Ltd,” said Cllr Hubbard.

“Let’s be clear, that does not mean we pull the plug on our city’s football club or the future of football in Hereford.
Company law exists to deal with precisely these circumstances. Some people will no doubt lose some money, which will include Herefordshire Council, but by foreclosing on the debts & liquidating the company behind the club, it allows everyone to wipe the slate clean.

“Let’s get behind a supporter-led company that can rise from the ashes of the previous company, it can then focus on what’s really important - football provision at a community,” he said.

Lining up alongside Cllr Hubbard is fellow IOC councillor Jim Kenyon.

“Let’s have a clean slate, start again and give football a real chance of surviving,” he said.

IOC has backed up its call to pull the plug with a commitment to “work with anyone” to ensure community football at Edgar Street.

Herefordshire Council will be asked to outline the extent of its "due diligence" on Hereford United ahead of leases on the club's Edgar Street ground being re-assigned.

The council’s political group leaders meet at Brockington tomorrow (Thurs) to get an update on the council's talks with club owner Tommy Agombar earlier this week.

It is understood that the Independent group is preparing to press for the re-assignation due diligence report to be made public.

That report would reveal what the council knew about the club's finances  ahead of the re-assignment negotiations with Carillion Richardson which started four years ago.

The leases tie the council to the club.

Mr Agombar has for two leases relating to redevelopment at the ground to be transferred to a holding company of his choosing.

The council’s lawyers are assessing that request.

At present, the current tenancy arrangements between the council and the club  remain unchanged.

While the council is the landlord of the Edgar Street ground, it does not own or have any direct control or involvement in the club and its decisions.

The club currently owes the council around £65k in rent arrears, business rates and legal fees.

The council has confirmed that nothing in the development leases relating to the ground changes a requirement for football to be played there.

As re-assigned, the new leases refer to redevelopment of the Meadow End and Blackfriars End and stipulate that any proceeds be re-invested in the ground and its facilities.

The leases continue to be held by the club.  If the club folds the leases would revert back to the council.

Comments (8)

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2:09pm Wed 18 Jun 14

Steve Harris 1957 says...

It is being reported that Mr Agombar is no longer a 'director' as of yesterday (17th),and DK is now the only director of HUFC!

Whilst I have no clue if this true or not, what are the implications now?
It is being reported that Mr Agombar is no longer a 'director' as of yesterday (17th),and DK is now the only director of HUFC! Whilst I have no clue if this true or not, what are the implications now? Steve Harris 1957
  • Score: 0

2:33pm Wed 18 Jun 14

fmrbill says...

God knows and I dont expect any one else does or understand what the hell is going on. Just hope the council are secretive on their dealings on this like they were on OLM using the old excuse business sensitive or somthing like that . ?????
God knows and I dont expect any one else does or understand what the hell is going on. Just hope the council are secretive on their dealings on this like they were on OLM using the old excuse business sensitive or somthing like that . ????? fmrbill
  • Score: 2

2:54pm Wed 18 Jun 14

Andy_Dragon says...

I am guessing it leaves Keyte as a Director with no shares and Agombar as a major shareholder with the shares he bought but without a direct involvement in club business.
Much as we would regret losing all the money we have put into Hereford I believe a fresh start is needed.
I am guessing it leaves Keyte as a Director with no shares and Agombar as a major shareholder with the shares he bought but without a direct involvement in club business. Much as we would regret losing all the money we have put into Hereford I believe a fresh start is needed. Andy_Dragon
  • Score: -1

3:07pm Wed 18 Jun 14

B the B says...

Its all very well councillors getting in on the act to try and gain a bit more popularity but lets be honest, they haven't done a very good job looking after Herefordshire have they.
I'm not sure what the answer is and it may already be too late. According to Agombar DK has nothing to do with the club at all. And to be honest if I was told that the club owed 140,000 and it turned out to be 1.3 million, I would get out too. I cant see anyone able or willing to plough that amount of money into HUFC. What a sad state of affairs.
Its all very well councillors getting in on the act to try and gain a bit more popularity but lets be honest, they haven't done a very good job looking after Herefordshire have they. I'm not sure what the answer is and it may already be too late. According to Agombar DK has nothing to do with the club at all. And to be honest if I was told that the club owed 140,000 and it turned out to be 1.3 million, I would get out too. I cant see anyone able or willing to plough that amount of money into HUFC. What a sad state of affairs. B the B
  • Score: 6

4:07pm Wed 18 Jun 14

DavidRPSmith says...

Who'd have though one man (DK) could do so much damage in so little time.
Hereford went from a profitable club to this all at the hands of Keyte
Who'd have though one man (DK) could do so much damage in so little time. Hereford went from a profitable club to this all at the hands of Keyte DavidRPSmith
  • Score: 3

4:25pm Wed 18 Jun 14

fmrbill says...

in short we have been conned throughout I believe, even before Agombar was involved, its a shame the other ex directors if only DK is the one left why they haven't broken their silence yet or has there been a few bungs for silence >>> ????
in short we have been conned throughout I believe, even before Agombar was involved, its a shame the other ex directors if only DK is the one left why they haven't broken their silence yet or has there been a few bungs for silence >>> ???? fmrbill
  • Score: 5

7:24pm Wed 18 Jun 14

fmrbill says...

In my first post I wonder who noticed the deliberate mistake ?? It should have said NOT be secretive as b4
In my first post I wonder who noticed the deliberate mistake ?? It should have said NOT be secretive as b4 fmrbill
  • Score: -1

9:14am Thu 19 Jun 14

Grid Knocker says...

Your eye-catching headline is a shameful distortion of Cllr Hubbard's words.

Would it not have been more honest of your sub-editors to have cherry-picked from Cllr Kenyon's observation: 'Let's have a clean slate...and give local football a chance of surviving'?

Of course it would. But it probably wouldn't have sold so many papers!
Your eye-catching headline is a shameful distortion of Cllr Hubbard's words. Would it not have been more honest of your sub-editors to have cherry-picked from Cllr Kenyon's observation: 'Let's have a clean slate...and give local football a chance of surviving'? Of course it would. But it probably wouldn't have sold so many papers! Grid Knocker
  • Score: 3

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