HEREFORD United majority shareholder Tommy Agombar is having to walk away from the club – after just one competitive match at the helm.
United directors John Edwards and Elke Thuerlings confirmed that Agombar has not passed the FA owners and directors test for football club ownership.
In a statement, Edwards said Saturday’s introduction at Edgar Street was Agmobar’s “official introduction and his official goodbye”.
Agombar is expected to be at United’s home match tonight against Slough Town in the Southern League Premier Division.
Chairman Andy Lonsdale told the Hereford Times that tonight's match will go ahead as planned and the latest developments would not affect the club.
Agombar is understood to be trying to sell United to a new investor and Lonsdale said the football side of the club would remain unchanged.
Hereford MP Jesse Norman said: "I have been pressing the Football Association, the Southern League and the Insolvency Practitioner to release the results of its Owners and Directors 'fit and proper' test for some time.
"This announcement by the club today that Mr Agombar 'has been told by the FA that he must have nothing more to do with Hereford United' strongly suggests that he has failed the FA's test.
"Potentially this is very encouraging news for all the fans who want to see the club reconstructed and good football stay at Edgar Street.
"But I would urge caution until the full situation at Hereford United becomes clear."
United director Edwards said: “When we became directors of Hereford United Football Club (1939) Ltd we thought we were just helping a friend, Mark Ellis, who knew someone that had bought shares in a football club and needed people to help turn it around financially.
“He was about to pay off a lot of the debts, and that would show everyone how serious he was.
“Tommy Agombar described himself as ‘a football man’ (and he really is) who wanted to own a team.
“He is not a man into detail, but surrounds himself with people to deal with detail and the day to day matters and this was seen at the football club.
“He made promises that were ultimately not kept, but a lot of those were outside of his control.
“He took on a far worse financial position than he had been told, and at a time when he thought he would have to pay approximately £300,000, he found the debts were significantly more; he would now have to deal with the previous regime’s financial errors and he was being hounded and called every name under the sun. “
“After he had introduced almost £250,000 of his own and his companies’ money into the club, and taken on responsibility for a similar amount he was told by the FA that he must have nothing more to do with Hereford United.
“He must not carry on supporting it financially, as was the plan with the Company Voluntary Arrangement, he is only allowed to own a few shares, and he is trying to get some money back by selling the debts, but they are pretty much worthless, perhaps you fans will help Tommy.
“He was determined that the Bulls would start the season with him as the ‘owner’ (well, 55% owner), and for that he has possibly paid £2750 per minute of the game on Saturday.
“As well as his official introduction it was also his official goodbye.
"Elke and I will buy him a season ticket next week so he can scream and shout advice from the stands at Jon Taylor and Neil Phelps; just like the rest of us.”