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Monday, November 17, 2014

Agombar Faces Keyte Legal Action Over Club Sale


Former Hereford United majority owner David Keyte is understood to be taking legal action over the sale of his stake and equity in the club to Tommy Agombar.

Bulls News has been told that experienced sports lawyers working on behalf of Keyte lodged objections to the proposed dissolutions of both Scrooby Ltd and Alpha Choice Finance who, like the club itself, have both failed to file annual returns. Documents filed at Companies House, and accessible to the public, do not name the objector but several local sources have confirmed that Keyte is behind the moves.

Keyte was claimed to have been represented at the October 20th Court hearing over the winding-up petition, with a barrister reported to be representing 'former shareholders' over the way the shares were transferred, however he refused to answer questions on the matter when approached by various people.

It is currently unclear what the reasoning behind the legal action is. Back in August, Insolvency Practitioner Marc Landsman told Bulls News that a £2,500 payment to Keyte was part of a monthly repayment of debt in the club assigned to Agombar and Scrooby Ltd:

'I was originally told that this was for him acting as chairman. I have since been told that it was the first payment for the debt assigned by him to Scrooby Ltd. It was supposed to be paid whilst he was chairman, hence the confusion.'

A first £2,500 payment was made, and was initially recorded on the list of creditors during the CVA process, but Landsman subsequently removed it from the list when he was told it was a repayment. 

At the time of the CVA the shares in Hereford United were still registered to Scrooby Ltd, with the company having been sold to Alpha Choice Finance. However, at the time of writing, Tommy Agombar remains the sole Director of Scrooby Ltd.