Deleted
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Post by Deleted on Aug 14, 2014 6:56:44 GMT 1
It also means the creditors don't get a penny owed to them though!
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Post by MartinB on Aug 14, 2014 7:00:40 GMT 1
It also means the creditors don't get a penny owed to them though! You think they will get money from the current set up? debts just likely to increase
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Post by ThrobsBlackHat on Aug 14, 2014 7:09:41 GMT 1
It also means the creditors don't get a penny owed to them though! That's usually an excuse for the 'kind' owners to carry on. Hereford's fans have already said they'd play a series of friendlies across this season to raise money for creditors. The CVA only proposed 6p in the pound anyway.
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Post by shrewinjapan on Aug 14, 2014 8:02:38 GMT 1
It also means the creditors don't get a penny owed to them though! That's usually an excuse for the 'kind' owners to carry on. Hereford's fans have already said they'd play a series of friendlies across this season to raise money for creditors. The CVA only proposed 6p in the pound anyway. Dont think that is right, Throb. The first payment is supposed to be 6p in the pound, followed by subsequent payments of 16p in the pound until the whole amount due is paid. Pie in the sky, but that is the proposal I believe.
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Deleted
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Post by Deleted on Aug 14, 2014 9:42:55 GMT 1
If the club goes bust which is a very possible situation then nobody is obligated to pay the remaining creditors and it will not happen.
I am not a sympathiser of T Agombar, and it has to be said that Hereford supporters as a whole have been badly let down not just by Keyte and other Directors but in particular the FA who allow 2 months to pass until action is taken regarding the Fit and proper person assesment. The FA should hang their heads in shame!
The lack of action has only assisted to dividing the clubs supporters, and driven the club to the dire situation it is now in.
Regarding HUST it needs people with right acumen to start up a new club, it will be no easy task, even if they start with a clean slate. If the HUST want to have a phoenix club go and do it but concentrate on that and leave HUFC 1939 to it's own devices and concentrate on your new club. There desire to make the Hereford 1939 club go bust is fuelled by bitternes (yes understandable) and revenge but it is also in conflict to those owed money and wasted energy and it tarnishes their credibility.
At the same time I think TA thought it would be easy to run a club and he has found it is not, and it has cost him. He and any others of his crew have also been naive if they thought they could personally make money from the council owned ground!
I know the HUST have voted by 92% of it's members to reject the CVA, pretty much expected although I don't know how many members they have, but I do think the trust leaders, if it is true they are not on a power trip as they claim, should talk to the other 2 Directors and cease their moment and it might or might not lead to the trust taking control, but they should talk. HUST state they want the creditors to be paid, well it wont happen if the club goes bust so this is one option to revisit and see if it is feasible, if not well HUST just need to walk away for good with no involvement. If the supporters unite as one again, and their can be no doubt the fanbase is there in the Town to pay a CVA off, under GT has already set a precedent.
On Bulls banter their is a post from one supporter who travelled to be part of the group of demonstraters on Tuesday night but when Slough scored they all cheered their goal, which sickened him so he paid and went in to watch the match. This is one example as to why there is such a divide between the supporters, there will be many who have been turned away by both sides.
This divide will make the task of starting a new club and to start a journey back up the pyramid a much harder task than what has been achieved by the Chester, Newport, AFC Wimbledon etc. Hereford is a very small market city and it could be decades not years before they have a team playing Conference, or it's equivalent, football.
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Post by ThrobsBlackHat on Aug 14, 2014 12:52:22 GMT 1
Dont think that is right, Throb. The first payment is supposed to be 6p in the pound, followed by subsequent payments of 16p in the pound until the whole amount due is paid. Pie in the sky, but that is the proposal I believe. Is that right? They'll never pay that off.
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Deleted
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Post by Deleted on Aug 14, 2014 13:17:45 GMT 1
Dont think that is right, Throb. The first payment is supposed to be 6p in the pound, followed by subsequent payments of 16p in the pound until the whole amount due is paid. Pie in the sky, but that is the proposal I believe. Is that right? They'll never pay that off. Yes that is correct, you are also correct with your statement Throb. The CVA contains some rather ambitious predictions of income.
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owdlad
Midland League Division Two
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Post by owdlad on Aug 14, 2014 16:01:11 GMT 1
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Post by theriverside on Aug 14, 2014 17:15:37 GMT 1
Shares and debts sold to a company just up the road from Tommy Agombar's manor and who happened to be formed within four days of him setting up his holding company...........it's all just a bit to convenient this. Deal was done within hours of him putting the call out for a buyer, then they give the supporters trust stick for not buying into the 'dream'. Early indications that the buyer is an Irish guy - guess who Tommy was boozing the night away with on Saturday in the HUFC social club?
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Post by El Huracán!!!! on Aug 14, 2014 17:22:53 GMT 1
CVA rejected apparently....
Thats them gone aint it!
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Post by Deleted on Aug 14, 2014 17:42:39 GMT 1
No..... HMRC voted against and creditors now voting
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Post by Deleted on Aug 14, 2014 17:54:50 GMT 1
It is difficult to keep up let alone understand the latest twist in the ownership of this club. If HMRC have rejected the CVA does that mean the end of the club as it stands?
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Post by ThrobsBlackHat on Aug 14, 2014 18:03:00 GMT 1
So he literally has sold to asset strippers, vultures who get what they can from the assets.
They won't even have lightbulbs when they get the stadium back!
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owdlad
Midland League Division Two
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Post by owdlad on Aug 14, 2014 18:08:48 GMT 1
Hereford Times reporting that the CVA has been rejected by the creditors.
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Post by Deleted on Aug 14, 2014 18:52:23 GMT 1
And that's the end of that circus - have been keeping tabs on it over the summer. Madness from start to finish. Was worried people would be taken in by these crooks but happily they appear to have stood firm. Yes, the HUFC we all kind of really didn't care about too much (unless your from the Ludlow area like me) is gone but I honestly hope they reform and come back.......so I can get some payback for our last visit to ES.
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owdlad
Midland League Division Two
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Post by owdlad on Aug 14, 2014 22:19:06 GMT 1
And that's the end of that circus - have been keeping tabs on it over the summer. Madness from start to finish. Was worried people would be taken in by these crooks but happily they appear to have stood firm. Yes, the HUFC we all kind of really didn't care about too much (unless your from the Ludlow area like me) is gone but I honestly hope they reform and come back.......so I can get some payback for our last visit to ES. Same here. It looks like the club will be wound up by the High Court on Monday unless they can find £200,000 before then to settle the Winding Up petition. They are due to travel to Dorchester on Saturday to play what could be their final fixture. The Southern League's management will look right charlies for allowing them to join only to drop out after three matches. Got a feeling that there'll more goings on over the ground to come.
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Post by jamo on Aug 14, 2014 22:27:32 GMT 1
is gone but I honestly hope they reform and come back.......so I can get some payback for our last visit to ES. I was at the last game between us at Edgar Street, and quite frankly I couldn't give a toss now about the result. We have a club that is progressing and can develop. They have nothing. I know which I would prefer. I personally have difficulty forgetting the sheer amount of grief, abuse and ridicule heaped upon our club by the BullsBanter regulars when we moved grounds. Karma really is a decent thing sometimes.
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owdlad
Midland League Division Two
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Post by owdlad on Aug 14, 2014 23:22:18 GMT 1
From a brief report on the CVA meeting on Bulls News
" director Edwards said that the directors had put a small amount of money in to keep the club ticking over and were trying to attract sponsorship.
When questioned further about the suggestion that sponsorship could raise £250K, a letter was produced to back the claim. One of the creditors read it and immediately questioned its authenticity. It appears the letter had come from Belize"...
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Post by Deleted on Aug 15, 2014 7:51:54 GMT 1
When questioned further about the suggestion that sponsorship could raise £250K, a letter was produced to back the claim. One of the creditors read it and immediately questioned its authenticity. It appears the letter had come from Belize"... You couldn't make it up!
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Post by shrewder on Aug 15, 2014 10:19:10 GMT 1
You have to question if Hereford are to be wound up is it now right for them to play any more games which effectively will probably be pointless. If you were a manager of an opposition club how would you feel if one of your players sustained a serious injury in such a game. Surely now the Southern League should step in and call a halt to this farce.
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Post by Deleted on Aug 15, 2014 11:08:28 GMT 1
So 1st September is the next big date in this ongoing farce when the club will face a winding up order unless it pays what is due to the tax man.
HUFC have another 5 league games before then and by that point will have played 7 games. That's 7 games that may well need to be struck from the records. Dorchester could win 10-0 on Saturday and the result could mean sweet fa in a few weeks time.
Should HUFC be wound up then the Southern League management will have a lot of explaining to do to the other clubs in the league, but they will not be alone, the FA should also be held to account.
At least the Conference League the stance that enough was enough and expelled HUFC from their league.
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owdlad
Midland League Division Two
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Post by owdlad on Aug 15, 2014 22:36:39 GMT 1
HUFC intend to play their next fixture away to Dorchester on Saturday ( the coach has already been paid for in cash). On Tuesday, they are at home to Banbury who face a 170 mile round trip for a fixture which will be meaningless next month. Same's true of their next home games in August - Redditch (100 miles) and Burnham (245 miles). The Southern League in their wisdom say the fixtures can go ahead. The HUFC board will be making a statement on Monday so maybe they'll call a halt to this farce and resign from the league.
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Shrewsfan1985
The Loggerheads
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My first team is..: Shrewsbury
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Post by Shrewsfan1985 on Aug 17, 2014 16:35:05 GMT 1
Hereford United has two weeks to pay off its debts after its repayment proposal was rejected. The club met with its creditors on Thursday in the hope of agreeing a Company Voluntary Arrangement (CVA). But insolvency practitioner Mark Landsman told the meeting HM Revenue & Customs (HMRC), which is owed £170,000, had rejected the offer. It means the club must find "major investment" by September 1, when it faces a winding-up petition in court. www.bbc.co.uk/news/uk-england-hereford-worcester-28795845
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Post by thesensationaljt on Aug 17, 2014 18:30:04 GMT 1
Doesn't sound as if the council are being much help to the genuine Bulls fans.
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owdlad
Midland League Division Two
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Post by owdlad on Aug 18, 2014 11:29:47 GMT 1
A statement on the club's website just posted
"The Chairman and Directors of Hereford United Football Club (1939) Limited are pleased to announce that after a weekend of discussions the business of Hereford United Football Club (1939) Limited will continue.
Season tickets will be on sale from today at £150 for Adults and £75 for others.
Staff will be contacting sponsors from this morning"
With a winding up order likely on 1st September, I wonder how many season tickets they'll sell?
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Post by shrewder on Aug 18, 2014 12:13:51 GMT 1
Can't imagine any supporter would risk paying for a season ticket for a season that may not be completed. Would they?
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Post by Deleted on Aug 18, 2014 12:44:06 GMT 1
Could be good news for the Creditors, if they get some money back!
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Post by theriverside on Aug 18, 2014 13:05:12 GMT 1
Could be good news for the Creditors, if they get some money back! The present incumbents need starving out though if the club is going to survive. Whoever is in control at HUFC (it won't be one of the current public faces) is just going through the motions to spend the minimum possible to keep the club going and run it down until Edgar Street is not a viable proposition. They then negotiate with the council to permit development so the outstanding rent gets paid, whatever is left on the playing side gets a stadium to the bare minimum standard that 3-400 crowds demand and the rest gets creamed off as a tasty profit. The way things are looking, with supporters factions divided (the outgoing chair of the about to be disbanded ISA voted for the joke of a CVA without consulting the members) they are going to need a miracle to maintain a chance of getting the club back to the Conference never mind the football league.............
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Post by neilsalop on Aug 18, 2014 13:07:43 GMT 1
Could be good news for the Creditors, if they get some money back! About as likely as winning the Nigerian Lottery without buying a ticket, although some people think it's possible.
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Post by DiglisShrew on Aug 18, 2014 13:22:06 GMT 1
A statement on the club's website just posted "The Chairman and Directors of Hereford United Football Club (1939) Limited are pleased to announce that after a weekend of discussions the business of Hereford United Football Club (1939) Limited will continue. Season tickets will be on sale from today at £150 for Adults and £75 for others. Staff will be contacting sponsors from this morning" With a winding up order likely on 1st September, I wonder how many season tickets they'll sell? In short , HUFC 1939 Ltd will be trading for another 13 days !! Pure bravado by the cutrrent owners - whover thay are now !!
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