Hereford United chairman David Keyte: We are at ‘an advanced stage’ with a possible investor

David Keyte.

David Keyte.

First published in Sport
Last updated
Hereford Times: Photograph of the Author by , Sports Reporter

CHAIRMAN David Keyte is at ‘an advanced stage’ with an investor for cash-strapped Hereford United, he claimed tonight.

Keyte admitted United were facing the ‘most important week in the history of the club’.

United will be defending a winding-up petition on Monday, April 7 over a £78,000 payment owed to Revenue and Customs (HMRC).

An additional £300,000 cash injection is needed by the board by the end of May to keep the club alive.

Speaking to radio station talkSport shortly after 8pm tonight, Keyte claimed: “We are at advanced stages with the one (possible investor) – there is one that seems to have moved forward in front of the other one.

“They are fully aware of the timescale in terms of the immediate tax bill so if that’s going to happen (an investment), it would be nice if it was going to happen in the next seven days.

“I have been criticised in the past for saying too much too early about investments and we are working hard on this one.

“We knew that we had not been able to meet the tax, PAYE and VAT bill so we knew it was coming (the winding-up order) and we have been in discussion with the tax people because we have mainly got two parties we are talking to about investment - if not taking over the club.

“We had a delay with the public announcement (of the winding-up order) but we knew the winding-up order was going to be dated April and it was probably a week or so earlier than we had expected.”

The Hereford Times does not know the identity of the mystery investors.

United host Grimsby Town at Edgar Street tomorrow and Keyte is hoping for a crowd of around 2,500 fans.

“It would be nice to get three points – there’s a battle on the pitch – and the well-documented winding up order next Monday and we’ve got a bit to do," he said.

“Realistically, if the work that is going on produced a crowd of 3,000 it would be a great start to the week and any more than that would be a huge bonus.”

“It would be a huge ask to get any more than 2,500 to 3,000.”

Keyte said he had been criticised for ‘questioning the division among a small supporter base which appeared to be divided between a supporters’ association and supporters’ trust’.

“If we are not all pulling in the same direction then it will be very difficult to make a concerted effort in the next few days,” he said.

“The football club comes first above all else – it’s not about personalities or association or trusts it’s about everyone getting money into the till tomorrow and for the rest of the week.”

Keyte was interviewed by presenters Richard Keys and Andy Gray.

Comments (2)

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10:06am Sat 29 Mar 14

A.Non01 says...

HUFC fans get told at least once a month that talks are at an advance stage with a potential investor but somehow it never comes to pass. We all remember the mysterious Arab whose money was only being held up by "banking issues"

I have become convinced that DK must be some kind of fantasist and that all these "investors" are either inventions or figments of his imagination. Either way it's just smoke and mirrors concealing the fact that as the Chairman OUR football he is a Joke.

Keyte out now!
HUFC fans get told at least once a month that talks are at an advance stage with a potential investor but somehow it never comes to pass. We all remember the mysterious Arab whose money was only being held up by "banking issues" I have become convinced that DK must be some kind of fantasist and that all these "investors" are either inventions or figments of his imagination. Either way it's just smoke and mirrors concealing the fact that as the Chairman OUR football he is a Joke. Keyte out now! A.Non01
  • Score: 7

9:54am Mon 31 Mar 14

mizza21 says...

I do wish Keyte would keep his mouth shut about potential investors.
Potential investors means nothing.
This crisis came about because the board didn't take the difficult decisions when they should have. Now they must take responsibility for that and ensure the club continues to exist.

2500 showed up on Saturday. Where have the extra 1000 been all season when there were gates of 1500 or less?
I do wish Keyte would keep his mouth shut about potential investors. Potential investors means nothing. This crisis came about because the board didn't take the difficult decisions when they should have. Now they must take responsibility for that and ensure the club continues to exist. 2500 showed up on Saturday. Where have the extra 1000 been all season when there were gates of 1500 or less? mizza21
  • Score: 1

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