Hereford United chairman David Keyte would step down if 'deal is right commercially'

Hereford Times: David Keyte. David Keyte.

HEREFORD United chairman David Keyte is prepared to step down from the cash-stapped club.

But the Bulls supremo has stated that this would occur only if it was the right deal commercially for all parties.

In a club statement, Keyte states that the club needs significant investment and, following the signing of the extended ground leases, 'all the pieces are now in place' to ensure that this can be achieved for the club to 'function in the short term and grow in the long term'.

"The club is now in a prime position to attract significant investment from parties that in investing, can not only oversee the development of either end of the ground commercially, which in turn will financially benefit the football club but also underpin the club’s focus to return to the Football League with all of the additional funding and commercial benefits that this brings," said the club statement.

Keyte said that his vision had not changed and remained 'to make Hereford United a successful Football League club, benefiting from its history and high profile all over the world, while, coupled with this, making the Edgar Street stadium a community facility that can be used 52 weeks a year with new incremental revenue streams'.

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