A HEREFORD United supporter who saw Monday's court proceedings unfold said chairman Andy Lonsdale should not blame supporters for investors pulling out.

Justin Griffiths-Williams was in the Royal Courts of Justice in London that saw United's ongoing winding-up petition adjourned for an eighth time.

The court heard that an investor, who was going to pump up to £1.5million into the club, pulled out because of "aggressive social media".

United's barrister then revealed another investor, identified as Doug Carroll of Essex-based Newell Properties Developments Ltd, was going to stump up to £750,000.

That halted proceedings so that proof of the validity of the investment could be secured, pushing the club's petition to the end of the morning's cases.

By the time the hearing resumed, Lonsdale and former majority shareholder Tommy Agombar arrived.

The club's barrister then revealed that Newell Properties Developments Ltd had withdrawn their offer because of threats received.

That led to Lonsdale offering £1m of his own funds into the club.

A letter was presented to the court from European Finance Guarantee Ltd, which identified Lonsdale as having funds of up to $9m.

Documents obtained from Companies House reveal that European Finance Guarantee Ltd, based at Dollis Park, London, is a private company limited by shares.

It was listed as a dormant company when it last provided its accounts last year, although it did produce an annual return up to June 19 of this year.

A dormant company is one that doesn’t trade and has no accounting transactions.

"I find it terribly depressing that it has been adjourned for the eight time and find the situation completely untenable," said Griffiths-Williams.

"It seems to be that these guys have to be dragged kicking and screaming to find the appropriate funds.

"They seem to find the cash at the 11th hour, like when the council tried to take back the leases.

"They seem to drip-feed the club as little as they can then cough up when they are told, 'pay the money or else'.

"I find it comical and laughable that Lonsdale should blame social media for the lack of investment, every promise has been broken.

"He has lied to us time and time again .

"He originally said he would who say who the investor was in a week after the last hearing, then that didn't come.

"Then suddenly, the deadline came and the investment didn't come."

Lonsdale said he had to step in at the 11th hour because the investor that the club had secured pulled out because of victimisation and intimidation.

“I cannot understand why some fans want to kill a club with 90 years of history – I hope now that the true fans of Hereford United will see through the smoke and come back," said Lonsdale.

“We really appreciate the ones who have backed us this far and now it’s onwards and upwards.”