Jukes and Hyde resign
Both Ron Jukes and George Hyde have resigned as Directors of Hereford United, reports the official site. The resignation of George Hyde wasn't entirely unexpected since his election to Herefordshire council two weeks ago.
In an article published last month, HU-FC.co.uk suggested that this could happen as it would be difficult for Hyde to speak on matters involving the Edgar Street proposals and continue as a director of Hereford United. As a free agent it is hoped that Hyde can keep the interest of the club in mind when discussing anything connected with the future of the club.
The resignations also give the club the chance of bringing new blood onto the board. Obviously it is to be hoped that this might include someone with enough financial clout to be able to invest in the club. But even if anyone who joins is unable to invest at this time, help to finish with the CVA should be a priority.
Meanwhile Carillion have confirmed to HU-FC.co.uk that the transfer of Chelverton's interest in Chelverton Properties has been finalised. This means that Formsole, to whom Hereford United owe £1m, is now owned by Carillion and Richardson Developements.
It is understood that discussions will take place with the club about the repayment of the loan and Carillion, when asked about any possible changes to the loan terms, did not want to comment as "we do not wish to prejudice these discussions by speculating the outcome".
"Carillion and Richardson could be said to have provided considerable financial support to the club, in so far as interest on the loan and rent has not been paid by the club," said a spokesman for Carillion. "At the end of the day we must balance the interests the interests of the club with those of our shareholders."
As regards the timing of any activity in the Edgar Street area, Carillion have stated that until the consultants, DTZ, have consider all options, nothing is likely to happen.