Grays Athletic's Joel Nathan: I won’t be commenting on finances of Hereford United

Nathan, who is the chief executive officer at Grays Athletic,has not yet agreed to take up a permanent role at Edgar Street.

Nathan, who is the chief executive officer at Grays Athletic,has not yet agreed to take up a permanent role at Edgar Street.

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

ADVISOR Joel Nathan says he won’t be making any further announcements on the financial side of Hereford United.

Nathan, who has not been at Edgar Street this week, says he has come to the club to help with the football side.

Last week, Nathan told the Hereford Times that football creditors would be paid by today.

But he said this morning: “I can assure the creditors they will be paid and steps are being taken to achieve this through a CVA arrangement.

“But I won’t be commenting on the finances of the club any more and I can’t make any comments on the leases because I have not been involved in that area.”

Nathan said he wasn't able to comment on fans' speculation that new manager Jon Taylor has close family ties with a property firm.

Nathan, who is the chief executive officer at Grays Athletic, has not yet agreed to take up a permanent role at Edgar Street.

“There was talk about me joining the club this week but until everything is satisfied and I am confident with it, I will just be helping.”

Nathan, from Borehamwood, was a director of The Football Academy Ltd in Essex.

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6:52pm Wed 16 Jul 14

Whatabouttheleases? says...

Mr Nathan is quoted as saying "I can assure the creditors they will be paid and steps are being taken to achieve this through a CVA arrangement"

Can the club confirm that in the Southern League, if a CVA is entered into and football creditors are not paid by the end of the season in full, then there is an automatic relegation penalty?

Where is the revenue to be derived from this season to settle the CVA? If the club lost 300,000 pounds plus last season, how can it make 300,000 pounds plus this season to settle football creditors considering we are two divisions lower and a large percentage of the fanbase has been totally alienated in the last 6-8 weeks?

And if the club can settle football creditors by the end of the season, why were football creditors not paid when Mr Agombar took over so we could keep our conference status. Does the payment of football creditors hinge on a deal being done with respect to building on part of the ground?

The silence from the club on matters both financial and football is deafening.
Mr Nathan is quoted as saying "I can assure the creditors they will be paid and steps are being taken to achieve this through a CVA arrangement" Can the club confirm that in the Southern League, if a CVA is entered into and football creditors are not paid by the end of the season in full, then there is an automatic relegation penalty? Where is the revenue to be derived from this season to settle the CVA? If the club lost 300,000 pounds plus last season, how can it make 300,000 pounds plus this season to settle football creditors considering we are two divisions lower and a large percentage of the fanbase has been totally alienated in the last 6-8 weeks? And if the club can settle football creditors by the end of the season, why were football creditors not paid when Mr Agombar took over so we could keep our conference status. Does the payment of football creditors hinge on a deal being done with respect to building on part of the ground? The silence from the club on matters both financial and football is deafening. Whatabouttheleases?
  • Score: 7

8:02pm Wed 16 Jul 14

littlewhitebull says...

Whatabouttheleases? wrote:
Mr Nathan is quoted as saying "I can assure the creditors they will be paid and steps are being taken to achieve this through a CVA arrangement"

Can the club confirm that in the Southern League, if a CVA is entered into and football creditors are not paid by the end of the season in full, then there is an automatic relegation penalty?

Where is the revenue to be derived from this season to settle the CVA? If the club lost 300,000 pounds plus last season, how can it make 300,000 pounds plus this season to settle football creditors considering we are two divisions lower and a large percentage of the fanbase has been totally alienated in the last 6-8 weeks?

And if the club can settle football creditors by the end of the season, why were football creditors not paid when Mr Agombar took over so we could keep our conference status. Does the payment of football creditors hinge on a deal being done with respect to building on part of the ground?

The silence from the club on matters both financial and football is deafening.
A superb post again. The season is just weeks away and the supporters needed to keep the club alive have been totally alienated.
I wonder how many season tickets have been sold so far?
According to the club website we have 0 players.
[quote][p][bold]Whatabouttheleases?[/bold] wrote: Mr Nathan is quoted as saying "I can assure the creditors they will be paid and steps are being taken to achieve this through a CVA arrangement" Can the club confirm that in the Southern League, if a CVA is entered into and football creditors are not paid by the end of the season in full, then there is an automatic relegation penalty? Where is the revenue to be derived from this season to settle the CVA? If the club lost 300,000 pounds plus last season, how can it make 300,000 pounds plus this season to settle football creditors considering we are two divisions lower and a large percentage of the fanbase has been totally alienated in the last 6-8 weeks? And if the club can settle football creditors by the end of the season, why were football creditors not paid when Mr Agombar took over so we could keep our conference status. Does the payment of football creditors hinge on a deal being done with respect to building on part of the ground? The silence from the club on matters both financial and football is deafening.[/p][/quote]A superb post again. The season is just weeks away and the supporters needed to keep the club alive have been totally alienated. I wonder how many season tickets have been sold so far? According to the club website we have 0 players. littlewhitebull
  • Score: 3

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