News outlets have been told to expect an announcement from the club this afternoon.
However, there may be little detail in the announcement apart from confirmation that a deal has been done. David Keyte told this morning's Hereford Times:
"We are expecting everything to be concluded today (Wednesday) but the details will remain confidential at the request of our new partners. They expect us to continue to run the club but they will certainly want to be involved."
Keyte has also denied suggestions that Peter Beadle is not in contention for the managerial job at Edgar Street, though BN sources insist that the former youth team boss was not interviewed during talks over the post last week.
UPDATE:
The club released a short statement late this afternoon;
Club statement regarding current negotiations.
The current negotiations between Hereford United and investors has continued to go well today.
Both parties have reached agreement and the matter is now being dealt with by each parties' legal teams. The agreement is expected to be finalised tomorrow (Friday 23rd May).
The Football Conference have been fully kept up to date with proceedings throughout.
The Official website will publish further news and details on this tomorrow.
The current winding up order served by ex-Manager Martin Foyle has not come unexpectedly, the debt owed to Martin is included, and will be fully covered, by the above agreement.
Read more at http://www.herefordunited.co.uk/news/article/club-statement-on-investment-1570488.aspx#pljze0vYvKwBoKZI.99
UPDATE:
The club released a short statement late this afternoon;
Club statement regarding current negotiations.
The current negotiations between Hereford United and investors has continued to go well today.
Both parties have reached agreement and the matter is now being dealt with by each parties' legal teams. The agreement is expected to be finalised tomorrow (Friday 23rd May).
The Football Conference have been fully kept up to date with proceedings throughout.
The Official website will publish further news and details on this tomorrow.
The current winding up order served by ex-Manager Martin Foyle has not come unexpectedly, the debt owed to Martin is included, and will be fully covered, by the above agreement.
Club statement regarding current negotiations.
The current negotiations between Hereford United and investors has continued to go well today.
Both parties have reached agreement and the matter is now being dealt with by each parties' legal teams. The agreement is expected to be finalised tomorrow (Friday 23rd May).
The Football Conference have been fully kept up to date with proceedings throughout.
The Official website will publish further news and details on this tomorrow.
The current winding up order served by ex-Manager Martin Foyle has not come unexpectedly, the debt owed to Martin is included, and will be fully covered, by the above agreement.
Both parties have reached agreement and the matter is now being dealt with by each parties' legal teams. The agreement is expected to be finalised tomorrow (Friday 23rd May).
The Football Conference have been fully kept up to date with proceedings throughout.
The Official website will publish further news and details on this tomorrow.
The current winding up order served by ex-Manager Martin Foyle has not come unexpectedly, the debt owed to Martin is included, and will be fully covered, by the above agreement.
Read more at http://www.herefordunited.co.uk/news/article/club-statement-on-investment-1570488.aspx#pljze0vYvKwBoKZI.99