Shareholders are expected to raise concerns at this evening's Hereford FC AGM about the Pegasus Partnership which broke down last summer.
In August 2018 Hereford FC revealed that they and Pegasus Juniors FC had agreed the formation of a joint community-focused initiative.
“HFC and Pegasus are a natural fit in many ways, geographically, philosophically and ethically and more importantly there exists a genuine and mutual respect between the two boards," said Ken Kinnersley who was Hereford chair at the time.
"The clubs are both ‘not for profit’ and both are supported by dedicated and enthusiastic volunteers. The clubs have the same aims and objectives and the new venture will be a joint partnership on equal terms.
“Access to the excellent facilities at Old School Lane will enable HFC Community Director Andrew Graham to move towards recruiting a Community Manager and we will now be able to move forward with the many and various community groups who we believe will benefit in a variety of different ways from the services we aim to start providing in the next 12 months."
“Access to the excellent facilities at Old School Lane will enable HFC Community Director Andrew Graham to move towards recruiting a Community Manager and we will now be able to move forward with the many and various community groups who we believe will benefit in a variety of different ways from the services we aim to start providing in the next 12 months."
Later in the month Kinnersley was asked about the Pegasus application for a 3G pitch which is now in operation.
"There will be a financial contribution from this football club with appropriate safeguards to protect our interests. That is a key element in the way we are going to establish the joint partnership. We are working with Pegasus, we are not going to dictate to them or vice versa. We know each others requirements and they will over the next few months under the heads of terms be providing us with a breakdown of what they think is possible if they are successful with their application."
Onto last summer and despite receiving a large grant Pegasus were said to be short of funds to complete payment for the pitch.
It had been agreed that Hereford FC would contribute a six figure amount thought to be around £125,000 but this did not go ahead. It's understood that HFC were concerned about the security for this money.
Later it emerged that Pegasus had raised the money required.
Whilst the club now says they are hoping to repair their relationship with Pegasus, shareholders will be interested to know why what seemed to be a good idea remains in limbo.