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Next Game: Pre-Season

Tuesday, August 19, 2014

Lonsdale: "Showcase Them And Sell Them On"


Club chairman Andy Lonsdale has told BBC Hereford & Worcester that he cannot name the investors into the football club.

Insolvency practitioner Marc Landsman was keen to stress at last week's CVA meeting that Lonsdale was not a member of the board of the limited company, but only chairman of the football side.

Speaking to Jonathan Ray, Lonsdale told him: "Basically we had emergency meetings over the weekend with the investors, and the investors had decided to put money into the club and to make it run in the manner we want it to in the future now."

Asked if it was a significant investment he added: "Yes it is. It's quite a large investment. It's certainly enough to make sure we're quite... we can happily go forward in strength. We won't have any problems satisfying the petition that is due to be heard on the 1st of September."

Ray then asked Londale what was in it for the investors: "Basically the investors that have come forward want to carry on with the ethos that Tommy Agombar started here - the growth of young players, showcase them, and sell them on to bigger clubs.

"In time there is the development at either end, but that's in two years that's not now. There's also speculation in the media that we want to relocate Edgar Street elsewhere in Hereford. I want to say that is definitely not going to happen. We want the football to stay at Edgar Street forever."

Ray then moved onto Agombar and the shares, asking if they were still owned by Alpha Choice Finance Ltd - "Yes they are" - and are they the investors: "The investment has come from them and from outside sources."

Asked if he could name the other backers, Londale replied: "Not at the present time, no." Ray pressed the point about fans being skeptical, Lonsdale added: "As soon as we are able to notify you who the investors are we will."