Tough Week Ahead For Hereford

CASH-STRAPPED face a nervy week after finding out their winding-up order will be heard in court on Monday, January 27.

The Bulls have to attend the hearing unless they can pay off their outstanding Her Majesty’s Revenue and Customs debt of £36,500.

The Edgar side, managed by Martin Foyle, have also been unable to pay wages to club staff of £17,000 for December and chairman David Keyte says administration is possible but would be “the last resort”.

“When we lost the New Year’s Day fixture with we were unable to complete the payment of December wages,” Keyte said.

“This despite the sale of shares and donations reaching £20k and the Board of Directors putting in £35k.

“We have been in several discussions with stakeholders, including the council, to attempt to resolve matters prior to January 27.

“We have also sought the advice of an administrator should the worst scenario actually be necessary. I would stress that remains our last resort.”

Keyte has also confirmed that backers are actively being searched for and that a takeover of the club would be welcomed.

“To lose the much discussed telecoms deal at the last hour is a massive blow to the club but is absolutely the correct conclusion when we consider the long term future of the stadium and future proposed developments,” he added.

“The council solicitors and our own club solicitors were in total agreement on this. We therefore continue to seek new investment whether that is someone to come alongside the current board or even to replace the current board.”

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