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| Dave Preedy At Edgar Street Yesterday |
In yesterday's Hereford United match programme there was a column written by director Dave Preedy.
In it he gave his view regarding the current financial situation at the club.
'Financially it is a very important period for the club at the moment as we continue to get to grips with the financial reality of being out of the Football League and as a board of directors we were pleased to receive the go-ahead from shareholders to launch a share issue.
'It means that we can look to raise additional funds for much needed work at either end of the ground.
'Shareholders have until the 21st of October to purchase their additional allocation of shares that could see them keep their existing percentage share in the football club.
'Once that period is up we can then look to new people to purchase shares in the club. It is at this time that non-existing shareholders who show an interest in buying shares will have the opportunity to invest in the future of this great club.
'We are working hard to get this club firmly rooted in the community and what better way to do this than for supporters to have shares in the club.
'We had a series of meetings on Monday with fans who took us up on our invitation to have their say on the share issue. The vast majority of fans were extremely positive and it is great to know that there is a real core of support who are willing to back this club.
'Bob Pritchard, on behalf of the board, has been working extremely hard to push the development of both ends along at a faster pace. As part of his work with the Council, agreements have been written into the 250 year leases that will protect Edgar Street as a venue for sporting activities, along with ancillary facilites that must be linked directly to the use of the pitch and stadium as a sporting venue.
'These ancillary facilities will hopefully help provide the revenue that can then be injected into the footballing side of things'.