Text at top (next game etc)

Next Game: Banbury Away On Friday March 29th Kick-Off 3.00pm

Monday, December 01, 2014

14 Day Adjournment


Hereford United have been given a 14 day adjournment following a second hearing at the Companies Court this lunchtime.

It all centres around proving that funds are available to satisfy creditors.

The registrar has seen one letter but has asked to see a further undertaking from the club by 4pm this afternoon.

Chairman Andy Lonsdale has said that they now have a million dollar fund provided by European Finance Guarantee Ltd. (There is some doubt what Lonsdale  said - our reporter thought he originally said nine million dollar fund)

It's understood Newall Property have pulled out after 'receiving threats'.

Update: European Finance Guarantee Ltd is a 'dormant' company.

By December 15th, at the next hearing, the club has to confirm to the Court that a schedule of payments have been agreed.