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Next Game: Pre-Season

Wednesday, September 03, 2014

Council Issue New Statement


This from Herefordshire Council:

Herefordshire Council is a creditor of Hereford United Football Club (1939) Limited. During the recent attempt to set up a Company Voluntary Arrangement (CVA), the council was listed as one of the club’s creditors.
The council took no part in the CVA, as it considered that other creditors were likely to be more affected by the outcome. Whilst the council is owed money by the football club, the amount would not affect the financial viability of the local authority. However, this might not be the case for smaller creditors, where the amount owed could be the difference between remaining in business or not.
The council has not joined in the current legal proceedings by other creditors seeking the winding up of the club. If those proceedings are successful, the council will recover the same percentage of the debt owed as the other unsecured creditors.
The council will continue to seek payment for the outstanding debt, which to date has not been settled.