Hereford United chairman Andy Lonsdale has told BBC Hereford and Worcester that the expected investment in the club which he said would be revealed next Monday will be delayed.
Last Monday Lonsdale had also promised he would name who was putting up the investment, but today when asked by Andrew Easton, he declined.
So where did the money to pay the Council come from?
"It came from the account we're operating from our accountant Phillip Gambrill.
"It's money we had to pay people but at the hearing on Monday more people had jumped on the back of the petition hence the adjournment for another six weeks."
Easton: "Why has it taken so long to pay the Council, it's been outstanding for weeks and weeks?"
Lonsdale: "I quite agree. Basically we've had a roller-coaster ride since the CVA was rejected.
"Every time we go back to court, thinking we are going to win, someone is on our back and we have to go away and re-assess things."
Easton: "Isn't that because the club still owes so many people money?"
Lonsdale: "The debt when we went into the club was £1.4M. The council was a small minority of that. So we paid the football creditors. I think we've paid all the football creditors. If we haven't let me know."
Easton: "So you are confirming that all football creditors have been paid in full?"
Lonsdale: "To the best of my knowledge."
Easton: "You're the football chairman, you should know"?
Lonsdale: "I fully understand that but we've told the accountants (Phillip Gambrill) to sort it out."
Easton: "The odd thing is that at the 11th hour money always seems to turn up. It looks like you are trying to be difficult. There was this issue on Monday in the court when there was the possibility of you being wound up and all of a sudden there's the promise of a mystery investor so that saved your bacon. You had the threat from the Council that they were going to take the lease back from you, all of a sudden £50K is found.
Lonsdale: "What you got to realise is if the CVA had gone through everything would have been stable now. The CVA was rejected, we have now got to find £1.4M as quickly as possible.
"Every time we talk to investors they ask what the debt is. The minute we try to sort the debt out, someone else comes on the back of the petition. You tell me how we are going to cope with that. I don't know."
Easton: "The impression that is given is that you are skint. Where is the investment coming from."
Lonsdale: "If we were skint we wouldn't have invested £500K into Hereford United Football Club (1939), the club we've tried to preserve which all the locals want closed down. So I totally disagree with what you are saying. We wanted to try and preserve the history of the club."
Easton: "Do you have a name for the new investor?"
Lonsdale: "No, because we nearly at the 11th hour signing the paperwork. It will all be done very shortly. We paid the rent today. We are not in court until December 1st and by then this will all be sorted out.
Easton: "Who owns Hereford United?"
Lonsdale: "Alpha Finance who is Alan McCarthy as everyone is well aware for the last two or three months since Tommy Agombar sold his shareholding and his loans. The two directors are in Poland. I'm in regular contact with them."
So where did the money to pay the Council come from?
"It came from the account we're operating from our accountant Phillip Gambrill.
"It's money we had to pay people but at the hearing on Monday more people had jumped on the back of the petition hence the adjournment for another six weeks."
Easton: "Why has it taken so long to pay the Council, it's been outstanding for weeks and weeks?"
Lonsdale: "I quite agree. Basically we've had a roller-coaster ride since the CVA was rejected.
"Every time we go back to court, thinking we are going to win, someone is on our back and we have to go away and re-assess things."
Easton: "Isn't that because the club still owes so many people money?"
Lonsdale: "The debt when we went into the club was £1.4M. The council was a small minority of that. So we paid the football creditors. I think we've paid all the football creditors. If we haven't let me know."
Easton: "So you are confirming that all football creditors have been paid in full?"
Lonsdale: "To the best of my knowledge."
Easton: "You're the football chairman, you should know"?
Lonsdale: "I fully understand that but we've told the accountants (Phillip Gambrill) to sort it out."
Easton: "The odd thing is that at the 11th hour money always seems to turn up. It looks like you are trying to be difficult. There was this issue on Monday in the court when there was the possibility of you being wound up and all of a sudden there's the promise of a mystery investor so that saved your bacon. You had the threat from the Council that they were going to take the lease back from you, all of a sudden £50K is found.
Lonsdale: "What you got to realise is if the CVA had gone through everything would have been stable now. The CVA was rejected, we have now got to find £1.4M as quickly as possible.
"Every time we talk to investors they ask what the debt is. The minute we try to sort the debt out, someone else comes on the back of the petition. You tell me how we are going to cope with that. I don't know."
Easton: "The impression that is given is that you are skint. Where is the investment coming from."
Lonsdale: "If we were skint we wouldn't have invested £500K into Hereford United Football Club (1939), the club we've tried to preserve which all the locals want closed down. So I totally disagree with what you are saying. We wanted to try and preserve the history of the club."
Easton: "Do you have a name for the new investor?"
Lonsdale: "No, because we nearly at the 11th hour signing the paperwork. It will all be done very shortly. We paid the rent today. We are not in court until December 1st and by then this will all be sorted out.
Easton: "Who owns Hereford United?"
Lonsdale: "Alpha Finance who is Alan McCarthy as everyone is well aware for the last two or three months since Tommy Agombar sold his shareholding and his loans. The two directors are in Poland. I'm in regular contact with them."
Easton asked Lonsdale if he had passed the officers and directors test.
"I haven't had the results yet. No I haven't. I suggest you take that up with the FA."
Easton then reminded Lonsdale that he had told him it would only be a couple of days on September 4th.
"I thought it would be.
"At the end of the day I'm operating as the chairman of Hereford United. I answer to Alan McCarthy, the owner and the two directors."
Easton: "Shouldn't you answer to the fans? There are a lot of upset people in the city and the county"
Lonsdale: "That's not my fault. Tell me what have I done wrong?
"When we came into this club on June 1st straight away we were into a petition hearing with Martin Foyle and Andrew Porter, the manager and assistant manager looking for compensation of £150,000.
"None of our making, none of these debts of £1.4M are of our making. We've only been involved with the club for five months. All of these debts are from the past regime and Hereford United football club has been losing money for the last three or four years. But the fans still supported them.
"Is it because we are Londoners? Is that why?"
Easton: "Anyone taking over a business would check the books first"
Lonsdale: "We did check the books but there were other things that came out of the woodwork we were not aware of. But we decided to carry on.
"At that point none of the original team that played in the Conference were still at the club. They'd all gone because they hadn't been paid, they've all been paid now."
Easton: "Why don't you tell us that you have the investment, you have the money and everything is going to be alright?"
Lonsdale: "The money is available through the investment. The investment isn't signed and sealed yet. It will be within two to three weeks. It will be sorted and a name will be known and a sponsor will be on the shirts."
Easton: "You said you'd tell us on Monday."
Lonsdale: "I don't know whether you are trying to goad me into an arguement here because it's not going to happen. We are dealing with a not insignificent amount of money. It's not like we can go to the bank and say give us £1M. Raising big finance takes a long time.
"And when you're under a petition and the company is insolvent, we bought the company for £2 when it was under the petition.
"We knew what we was getting into.
"We're trying to resolve the problems we inherited as best we can and as quick as we can.
"The development, oh sorry the investment, will be known very shortly.
"Once we've got the investment there will be a new board of directors and possibly a new chairman. It's all down to the new investors."
Easton: "A new chairman, is that because you're not going to pass the officers and directors test?"
Lonsdale: "No, because they might decide they won't their own."
Later Lonsdale said he had put money into the club.
Easton: "How much?"
Lonsdale: "I've put in in excess of £40K."
Easton: "Will you talk to us on Monday?"
Lonsdale: "Yes, if the documents are signed and sealed by them. Yes I will if not I'll tell you where we are with the investment.
"We're still under the threat of the petition that frightens off a lot of investors because they don't want to lose their money.
"That's the reason we haven't gone for sponsorship and haven't looked for advertising. I'm not prepared to throw other peoples money away."
"I haven't had the results yet. No I haven't. I suggest you take that up with the FA."
Easton then reminded Lonsdale that he had told him it would only be a couple of days on September 4th.
"I thought it would be.
"At the end of the day I'm operating as the chairman of Hereford United. I answer to Alan McCarthy, the owner and the two directors."
Easton: "Shouldn't you answer to the fans? There are a lot of upset people in the city and the county"
Lonsdale: "That's not my fault. Tell me what have I done wrong?
"When we came into this club on June 1st straight away we were into a petition hearing with Martin Foyle and Andrew Porter, the manager and assistant manager looking for compensation of £150,000.
"None of our making, none of these debts of £1.4M are of our making. We've only been involved with the club for five months. All of these debts are from the past regime and Hereford United football club has been losing money for the last three or four years. But the fans still supported them.
"Is it because we are Londoners? Is that why?"
Easton: "Anyone taking over a business would check the books first"
Lonsdale: "We did check the books but there were other things that came out of the woodwork we were not aware of. But we decided to carry on.
"At that point none of the original team that played in the Conference were still at the club. They'd all gone because they hadn't been paid, they've all been paid now."
Easton: "Why don't you tell us that you have the investment, you have the money and everything is going to be alright?"
Lonsdale: "The money is available through the investment. The investment isn't signed and sealed yet. It will be within two to three weeks. It will be sorted and a name will be known and a sponsor will be on the shirts."
Easton: "You said you'd tell us on Monday."
Lonsdale: "I don't know whether you are trying to goad me into an arguement here because it's not going to happen. We are dealing with a not insignificent amount of money. It's not like we can go to the bank and say give us £1M. Raising big finance takes a long time.
"And when you're under a petition and the company is insolvent, we bought the company for £2 when it was under the petition.
"We knew what we was getting into.
"We're trying to resolve the problems we inherited as best we can and as quick as we can.
"The development, oh sorry the investment, will be known very shortly.
"Once we've got the investment there will be a new board of directors and possibly a new chairman. It's all down to the new investors."
Easton: "A new chairman, is that because you're not going to pass the officers and directors test?"
Lonsdale: "No, because they might decide they won't their own."
Later Lonsdale said he had put money into the club.
Easton: "How much?"
Lonsdale: "I've put in in excess of £40K."
Easton: "Will you talk to us on Monday?"
Lonsdale: "Yes, if the documents are signed and sealed by them. Yes I will if not I'll tell you where we are with the investment.
"We're still under the threat of the petition that frightens off a lot of investors because they don't want to lose their money.
"That's the reason we haven't gone for sponsorship and haven't looked for advertising. I'm not prepared to throw other peoples money away."