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Things move very slowly
Recently Bulls News reported that "Graham Turner had informed us that an agreement has been reached with the CVA." The quote was taken from Black and White, the HUISA newsletter. However it appears that HUISA may have jumped the gun a little as although an agreement is expected it had not been reached late last week according to Turner who spoke about the CVA on BBC Hereford and Worcester.
"I think things like that move very, very slowly. I know that the supervisor has written to all the creditors saying that an offer has been received. The big ones, as far as we're aware, have approved it, that's the Inland Revenue. I think of the smaller ones we're just getting the consenus of their opinion.
"But I think that won't make a great deal of difference as long as the big ones vote for it.
"It looks as though it will all go ahead and we can settle that.And I think that will be a big milestone for the club. It might not mean too many things in practical terms but certainly to come out of the CVA will be a big milestone for us.
"It's a majority decision based on how much is owed and so on the basis that the Inland Revenue is owed the most then they have a big say on it."