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Thursday, March 31, 2005

New director for Hereford United

Hereford United have appointed their first new director for several years.

Dave Preedy, who owns the Express Bathroom and Tile Warehouse Ltd, is a 48 year-old long time supporter. He has recently been helping with the new dressing room extension.

Meanwhile, according to the Hereford Times, only 14 shareholders and 5 directors attended last week's AGM.

They were told that the record profit announced a few weeks ago was three times higher than the previous highest profit and that the debt to Formsole is £1.069 million. All other major debts have been cleared.

"It was not just a remarkable season on the pitch but a remarkable set of financial results have come out of it,too," director Hugh Brooks told the meeting.

He confirmed that the club has received a total of £138,750 for the sale of Paul Parry and Michael Rose and the selling on of Michael McIndoe in the accounting year. Some more money is expected from the Parry sale which will go into the current year.