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Monday, October 20, 2014

Lonsdale Very Confident Of Survival


Chairman Andy Lonsdale Talking To Former Director Bob Pritchard In August
After this morning's High Court appearance Hereford United chairman Andy Lonsdale spoke to BBC Hereford and Worcester.

Firstly a summary.

"There's all sorts of bad things coming out again," said Lonsdale

"Anyone investing money into a club wants to be sure that the petition is solved. They don't want to put money in and then lose it.

"We're in a quite dangerous position really but hopefully now they've got this adjournment now to the first week of December and it will be all sorted out."

Later, in another part of the interview, Lonsdale said that fresh investment of £1.5M was coming into the club.

"Basically it was 50/50 as we knew that more people had jumped on the petition.

"The judge came down in our favour and agreed an adjournment to December 1st.

"We were in a position to sort that today but with the other people jumping on the back as well it just makes it untenable.

"We've got to go back again and re-assess once more".

Lonsdale was asked where the £1.5M was coming from.

"That's coming from new investors."

Asked if he could name them?

"Not at the present time, we have to go back and meet with them right now."

How was the £1.5M agreed?

"That was agreed prior to today, that the total investment in the club that will pay all of the petition costs and put the club on a level footing."

Asked again why he couldn't name any of the investors?

"Because we had to make sure today was all sorted, contracts haven't been signed yet."

It was pointed that supporters are looking for clarity, naming some of the investors would help? How soon can you do that?

"Over the next seven days." 

So we will know who is putting what into the club?

"Yes, we will."

How confident are you now that the club will survive beyond December 1st?

"Very, very, very confident, very positive, very positive."