.png)
Extension to loan
According to this week's Hereford Journal, the £1 million plus debt owed to the developers by Hereford United could be extended for up to three years.
Liquidators of bankrupt company Chelverton have not yet wound the company up, so its subsidiary Formsole technically still has the loan on its books pending the transfer of its share assets to the Carillion-Richardson partnership.
Carillion, a development company formed after the demise of Tarmac, and Richardson, the Black Country developers with an eye on the future of the total Edgar Street site, are understood to be inclined to extend the United loan.
“Because Carillion-Richardson have yet to buy Formsole they are not legally in a position to extend the loan – but they want to help as much as they can”, a source told the Journal.
Meanwhile Bulls supporters returning from Morecambe using the A49 should note that it is expected to be closed on Saturday evening from 7pm for bridge repair work at Wofferton between Leominster and Ludlow.