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Monday, September 01, 2014

HUST Respond To Adjournment


After this morning's seven day adjournment of the Hereford United winding-up petition at the High Court, HUST vice-chairman Martin Watson gave his views of what had happened to BBC Hereford and Worcester.

"This case has been going on for over 90 days now.," said Watson.

"They've had a string of adjournments and they've got another one.

"They say they've part-paid Martin Foyle but we don't know exactly how much, but it's taken them most of those 90 days to make even that part-payment.

"They've had a one-week adjournment before and all the court watchers and experts would normally say that is a sign of the court's patience wearing thin.".

And Watson also thought that more creditors might attach themselves to the order.

"They've turned around and said that they are going to have no trouble settling the petition.

"So people are going to smell money and they are going to want their share. That's only fair as it's a debt and they are entitled to the money.

"So obviously when you turn round and say we've got plenty of money, people are going to stick their hands up and say we'll have some of that."

"I've said before we're like a cat with nine lives. But we're on to a second cat now."