September 1 deadline for in-debt Hereford United to be saved

September 1 deadline for in-debt Hereford United to be saved

September 1 deadline for in-debt Hereford United to be saved

First published in Sport

HEREFORD United face the threat of liquidation next month after their CVA proposal was rejected by creditors.

HM Revenue and Customs, who are now owed £170,000 by the Southern League Premier Division club, had already rejected the arrangement, which was voted out.

The Bulls are now effectively an insolvent company and, unless the remaining directors can raise the money to pay creditors before September 1, the club will be wound up in the courts.

It was announced this week that Tommy Agombar had failed the owners' and directors' test by the FA and told he was not allowed any involvement with United.

His shares have since been bought by Alpha Choice Finance Limited, which is owned by Alan Gerald McCarthy.

Comments (1)

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10:59am Mon 18 Aug 14

liketoknow says...

It begs the Question, what happens to the league if HUFC get wound up , do the points get discarded and the fixtures removed; or can a phoenix club take their place ? It seems a very shortsighted decision to accept them into the league, knowing the financial situation.
It begs the Question, what happens to the league if HUFC get wound up , do the points get discarded and the fixtures removed; or can a phoenix club take their place ? It seems a very shortsighted decision to accept them into the league, knowing the financial situation. liketoknow
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