Marc Landsman, the insolvency practitioner who acted as the nominee for the recent CVA proposal, has told BBC Hereford and Worcester that he would not advise anyone to invest in Hereford United.
"Unless all the debts are paid of the people who petitioned for the company to go into liquidation and the people who are supporting it, then the company will go into liquidation," said Landsman.
"If I were being asked to advise I certainly would not be stressing that anyone paid the debts.
"It's insolvent, it's had a long history. Unfortunately it finished today at a meeting at 10.00am.
"The average life of a company is three to five years. This one has been going for 75 years and it had a history before that when clubs got together to create Hereford United.
"That is very sad.
"It's the current people who have invested money, it's the current people who are owed money and it's the small firms that aren't likely to be paid out of this company. They are the people I really feel sorry for.
"The fans hopefully will join together and come up with a new football club."
"If I were being asked to advise I certainly would not be stressing that anyone paid the debts.
"It's insolvent, it's had a long history. Unfortunately it finished today at a meeting at 10.00am.
"The average life of a company is three to five years. This one has been going for 75 years and it had a history before that when clubs got together to create Hereford United.
"That is very sad.
"It's the current people who have invested money, it's the current people who are owed money and it's the small firms that aren't likely to be paid out of this company. They are the people I really feel sorry for.
"The fans hopefully will join together and come up with a new football club."
Later in the interview Landsman spoke about former majority owner Tommy Agombar selling his shareholding to Alfha Choice Finance.
"A punt, a gamble what you say is factual, I can't argue this.
"He was told that unless he got rid of all of his debts from the company, Hereford United football club could be thrown out of the League.
"He had invested a lot of money.
"A punt, a gamble what you say is factual, I can't argue this.
"He was told that unless he got rid of all of his debts from the company, Hereford United football club could be thrown out of the League.
"He had invested a lot of money.
"He decided to walk away on the basis that Hereford might survive.
"It still could be saved, but I really wouldn't advise anyone to invest at this stage because it could all go dreadfully wrong.
"The company that has bought his shares and his debt could have lost an awful lot of money."
At the end of the interview Landsman made his position clear.
"I'm no longer involved formally or even informally as a nominee or anything with Hereford United."
"The company that has bought his shares and his debt could have lost an awful lot of money."
At the end of the interview Landsman made his position clear.
"I'm no longer involved formally or even informally as a nominee or anything with Hereford United."