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Redraine · 15-04-2014, 22:22

Their situation is still desperate in spite of just managing to pay off the tax man's bill for 75,000. Will they attract the financial backing necessary from new investors?

"The Board of HUST would like to state that, in line with previous public statements from the Club and individual Board members, they were told that another winding-up petition from HMRC is expected to be received in due course, and will likely be heard in the High Court before the Conference AGM in early June. Around £220,000 is still required by the club to meet it’s obligations up to the Conference AGM in seven weeks time including tax, wages, and fees due on loan players.

HUST will continue to support fund raising schemes and will happily pass across donations on the specifications of supporters however, realistically, the club will only survive in its current form with a significant cash injection by the end of May.

The Club’s Board continues to seek an investor for a takeover of the Club from outside the Hereford United fanbase, and have indicated that they would walk away from the club if guaranteed investment can be secured."

15-04-2014, 22:22	#14
Redraine Resting in Peace Join Date: Sep 2004 Location: Clayton-le-Moors Posts: 3,271 Liked: 713 times Rep Power: 14170	Re: The end of Hereford United? Their situation is still desperate in spite of just managing to pay off the tax man's bill for 75,000. Will they attract the financial backing necessary from new investors? "The Board of HUST would like to state that, in line with previous public statements from the Club and individual Board members, they were told that another winding-up petition from HMRC is expected to be received in due course, and will likely be heard in the High Court before the Conference AGM in early June. Around £220,000 is still required by the club to meet it’s obligations up to the Conference AGM in seven weeks time including tax, wages, and fees due on loan players. HUST will continue to support fund raising schemes and will happily pass across donations on the specifications of supporters however, realistically, the club will only survive in its current form with a significant cash injection by the end of May. The Club’s Board continues to seek an investor for a takeover of the Club from outside the Hereford United fanbase, and have indicated that they would walk away from the club if guaranteed investment can be secured."