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Investment Imminent at Hereford

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David Keyte, chairman of Skrill Premier club Hereford United, says investment is imminent.

“We’ve had some really positive meetings, including one on Tuesday when the group of potential investors came to Edgar Street along with their Solicitor and we worked out some of the finer details,” Keyte told the official Hereford United website.

“It takes time, but everyone is aware of the urgency of the situation. We’ve obviously got the June deadline where by all our football debts and wages need to be cleared in order to go to the Conference AGM.

“Not only that but everyone is aware of the need to appoint a manager, to start bringing in players and to start arranging pre-season as soon as possible.

“We have held provisional discussions with Cardiff City and Plymouth Argyle with regards to friendly matches as well as confirming the HFA Senior Cup Final against Westfields as Tuesday, 29th July.

“To that extent, the investors, being football people, have ideas of their own and are all set to get things into place as soon as everything is signed.

“We’ve spoken about the Community facilities, about the Youth set up, they’re very keen for us to continue to make this a Community club with a focus on young local talent.

“I’ve probably said ‘it might happen next week’ a few too many times now! But we’re at the stage when everything is agreed in principle and Solicitors are taking a look through it all.

“I don’t want to put a time on it all because it could be quicker, or take longer than I say, but it’s fair to say investment is imminent.

“The initial investment will clear the immediate debt. Long term debt in the form of loans will be reduced too. We’ve worked hard to make sure this deal gives the club the best possible chance to progress.”

Keyte also spoke about the outstanding wages owed to players. “We continue to make payments to the players as and when funds are available. Their last two payments were made on Friday last week and Tuesday this week.

“We had already discussed with the players that payments would likely continue through May and into June.

“Our position is that we have stated that all wages will be paid in full as and when finances are available, and the club continues to work towards that.”

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