Deleted
Joined: January 1970
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Post by Deleted on May 31, 2014 12:07:25 GMT
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Post by Raj Gas on May 31, 2014 12:14:49 GMT
"The Blues will now be interested spectators on Monday morning as, until the Conference have held their Annual General Meeting on Friday, 6 June, the 2013-14 season is not officially over - and any punishments handed out could still involve an automatic penalty for going into administration and potential automatic relegation for the Bulls."
I thought this was an interesting point bearing in mind the Wycombe issue.
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Post by didlesknowmydad on May 31, 2014 17:51:52 GMT
"The Blues will now be interested spectators on Monday morning as, until the Conference have held their Annual General Meeting on Friday, 6 June, the 2013-14 season is not officially over - and any punishments handed out could still involve an automatic penalty for going into administration and potential automatic relegation for the Bulls." I thought this was an interesting point bearing in mind the Wycombe issue. Of course the above is subject to Conference rules while Wycombe is subject to Football League rules.
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Angas
Joined: May 2014
Posts: 2,067
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Post by Angas on May 31, 2014 22:20:02 GMT
"The Blues will now be interested spectators on Monday morning as, until the Conference have held their Annual General Meeting on Friday, 6 June, the 2013-14 season is not officially over - and any punishments handed out could still involve an automatic penalty for going into administration and potential automatic relegation for the Bulls." I thought this was an interesting point bearing in mind the Wycombe issue. Of course the above is subject to Conference rules while Wycombe is subject to Football League rules. Yes. So do the FL have an AGM some time between now and the start of next season? If so, when.
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Post by steptoeshorse on Jun 1, 2014 15:02:33 GMT
It's flaming nuts there, a consortium of ''investors'' has appeared to have taken over, and full scale match for invited triallists is underway this afternoon at Bedfont AFC, the club are asking for people to offer digs to players the coming season, and to cap it all the rumour is that the club will be London based only coming to Hereford for Home matches. I've never seen anything like it, if Rovers fans think they are in the dark, spare a thought for my mates up there.
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Post by davehuddscousin on Jun 1, 2014 18:09:15 GMT
A very sad situation. Hereford Utd. were always one of the top sides in the old Southern League, with home gates of 4000-5000, then came 1972, THAT game against Newcastle, THAT 'Goal of the Decade' and election to the Football League in place of Barrow. They even had successive promotions and even one season in the old second division. Since the they got relegated to the Conference came up to League 2 and got relegated again After narrowly escaping the drop out of Conference premier they now a face winding up order.
I hope something turns up for them before the hearing, apart form anything else its a nice easy away game for Rovers, 50-60 miles up the road - some good pubs in Hereford too!
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Post by lincolnfan on Jun 1, 2014 19:24:31 GMT
They've got problems with the Conference League never mind the courts.
The main problem appears to be that no one knows who these "investors" are or anything about them. The Conference General Manager is taking a very tough line in an interview with the NLP. "Show us proof or we'll pull the plug" as the paper put it. The General Manager is quoted as saying: "We have received a budget which will be considered when our accountants are available on Monday. They are going to have to provide compelling evidence to us within it that they will be able to fulfil their obligations next season.
"We need reassurances and the football creditors need paying but they have a number of other obligations to meet before the league's board meet on Friday. I've had contact from someone but we need evidence that the club has changed hands, of who the directors are, and so do the Football Association. So far we haven't had any answers."
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Post by Topper Gas on Jun 1, 2014 19:31:25 GMT
Hereford seems like a smaller version of Rovers, plans to build a fantastic new stadium, the chairman throwing is own money at the problem, they've even suffered two relegations in recent years.
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Jun 2, 2014 12:48:36 GMT
BBC reporting there's been a 28 day adjournment.
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Post by steptoeshorse on Jun 2, 2014 15:06:06 GMT
BBC reporting there's been a 28 day adjournment. Bloody chaotic. Keyte tried to involve investors in developing the chicken coops at either end of the ground, it seems though that while the offer to do so was on the table the due diligence undertaken by the ''investors'' has unearthed a black hole of debt, Keyte quoted about £300,000, it now appears to be in excess of a million with HMRC lining up another winding up order for another £120,000 plus. Administration or CVA is now being considered but Keyte has found his arse being kicked out of the door along with a character called Dave Preedy. To see this club spiralling like this is shocking, I doubt Keyte will be entering Harry Topper in any local race meetings for a while. The silver lining for Bulls fans may be in the fact that at yesterdays trials the person involved with the takeover was instantly recognised although still preffering to remain incognito for the moment. London Bulls promised that although they had a long discussions with him they would keep his identity secret until he gets the mess sorted out.
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Post by lincolnfan on Jun 2, 2014 15:19:57 GMT
Preedy resigned in secret a fortnight ago before the takeover deal citing a dispute between Directors. Hereford's biggest problem is that as things stand they are very likely to be expelled from the Conference which will leave them finding a league further down the pyramid.
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Peter Parker
Global Moderator
Richard Walker
You have been sentenced to DELETION!
Joined: May 2014
Posts: 4,920
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Post by Peter Parker on Jun 2, 2014 16:19:58 GMT
Are we likely to see a new Hereford, with the old one going bust?
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Post by lincolnfan on Jun 2, 2014 16:27:02 GMT
Who knows what will happen but it will be too late for the Conference I would say. They decide on Saturday on the constitution for the season and if they haven't got the financial assurances they are demanding my bet is that Hereford are likely to be expelled. Chester have already been "warned" or know about this as a replacement. I see on the Bulls forum that someone is now claiming that one of the "investors/takeover" blokes has a criminal record. If true I don't think the Conference are going to like that.
The Conference won't hang about I'm sure. If the evidence they want isn't there Hereford won't be there next season either.
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Jun 2, 2014 16:36:16 GMT
BBC reporting there's been a 28 day adjournment. Bloody chaotic. Keyte tried to involve investors in developing the chicken coops at either end of the ground, it seems though that while the offer to do so was on the table the due diligence undertaken by the ''investors'' has unearthed a black hole of debt, Keyte quoted about £300,000, it now appears to be in excess of a million with HMRC lining up another winding up order for another £120,000 plus. Administration or CVA is now being considered but Keyte has found his arse being kicked out of the door along with a character called Dave Preedy. To see this club spiralling like this is shocking, I doubt Keyte will be entering Harry Topper in any local race meetings for a while. The silver lining for Bulls fans may be in the fact that at yesterdays trials the person involved with the takeover was instantly recognised although still preffering to remain incognito for the moment. London Bulls promised that although they had a long discussions with him they would keep his identity secret until he gets the mess sorted out. So this recognised takeover person has the dosh to save the Bulls Hercules? There's part of me,perhaps harshly, thinks it abit of a poor reflection on the people of Hereford that 3000 won't even turn up at Edgar Street.
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Post by lincolnfan on Jun 2, 2014 16:41:19 GMT
They have until Saturday morning to pay off all the outstanding debts or produce evidence to the Conference that the debts have been transferred to the new "investors" with the full permission of all creditors. Bulls forum says there is no evidence that players have yet been paid - Foyle is owed thousands and there are thought to be outstanding player loan debts to other clubs. Unless all that is sorted to the satisfaction of the League (and the FA) in time for the AGM I can't see them being allowed to continue in the league.
The Conference will kick them out if they cannot come up with the assurances/evidence that the Conference want.
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Post by lincolnfan on Jun 2, 2014 17:11:23 GMT
The vice chairman of their Supporters Trust has just been on local BBC and said this:
Basically, the 28 days is irrelevant. Hereford must pay everyone in the next 3 days, ie. before the AGM. Coach companies, rates, rent, local companies, players, staff ... all are owed money.
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Post by steptoeshorse on Jun 3, 2014 9:01:21 GMT
Are we likely to see a new Hereford, with the old one going bust? We will find out in the next couple of days. The question has to be asked as to why full scale trial matches, by invite only, took place at Bedfont on Sunday and the cream of those players are returning this Wednesday for another trial. The guys that run London Bulls were impressed but frustrated that they were asked to keep this investor/new owner's identity secret. The smart money remains on an announcement that the original idea that Keyte/Preedy hatched to recover the money they have put in then sod off leaving the club to fold, has been averted and the massive debt that was being concealed is being dealt with. Hereford are a big draw in the Conference, the smaller clubs look forward to the boost in income provided by the away support Hereford bring, and the larger numbers of their own fans attracted to these matches. The Conference are being extremely helpful in working with the Bulls, however, they retain the the ability to impose a number of sanctions ranging from back dated points deductions, points deductions for next season or in the most dire of situations the expulsion of the Club. The hope my mates have is that the plans for development of the ends of the ground, prime land following the move away of the cattle market and development on their now, will provide a solid income into the future. So, the two scenarios in play are hopefully big money coming into the club with a bright future, or they have ( Keyte/Preedy ) bollocksed up the whole shebang, Hereford go out of existence in the same manner as Aldershot/Newport, and these property developers knock Edgar Street down and build houses on the land.
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Post by steptoeshorse on Jun 3, 2014 9:06:33 GMT
Bloody chaotic. Keyte tried to involve investors in developing the chicken coops at either end of the ground, it seems though that while the offer to do so was on the table the due diligence undertaken by the ''investors'' has unearthed a black hole of debt, Keyte quoted about £300,000, it now appears to be in excess of a million with HMRC lining up another winding up order for another £120,000 plus. Administration or CVA is now being considered but Keyte has found his arse being kicked out of the door along with a character called Dave Preedy. To see this club spiralling like this is shocking, I doubt Keyte will be entering Harry Topper in any local race meetings for a while. The silver lining for Bulls fans may be in the fact that at yesterdays trials the person involved with the takeover was instantly recognised although still preffering to remain incognito for the moment. London Bulls promised that although they had a long discussions with him they would keep his identity secret until he gets the mess sorted out. So this recognised takeover person has the dosh to save the Bulls Hercules? There's part of me,perhaps harshly, thinks it abit of a poor reflection on the people of Hereford that 3000 won't even turn up at Edgar Street. Compared to some teams Bas the Bulls get a decent crowd. The big problem Hereford will always have is that the midlands clubs attract not only talented youngsters away, but Aston Villa in particular draw a large number of people from Hereford. The takeover person according to the boys up in London certainly has the dosh. We will see mate.
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Post by Topper Gas on Jun 3, 2014 9:23:37 GMT
Rumours on BBC Hereford & Worcester suggest the total debt could be in the region of £500K, you do wonder what the new owners are hoping to get out of the deal if they have to clear that debt before being able to think about setting up a playing squad etc.
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Post by lincolnfan on Jun 3, 2014 9:38:25 GMT
To further complicate matters there are posts on the Hereford and Chester forums speculating on a link between one of the Hereford "investors" and Stephen Vaughan who effectively killed off Chester. I can see why Bulls fans are hoping for the best but it all seems exceptionally murky to me. Also I suspect that if Bulls survive the Conference will demand a hefty bond for the season. The more cynical among the Bulls supporters are wondering whether the land involved is the real target of the errr "takeover."
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