In an interview with BBC Hereford and Worcester, former Hereford United chairman Andy Lonsdale claims that he and another former owner Tommy Agombar lost £600K whilst running the club.
He also said that fans had a 'hidden agenda' against any potential investor and were to blame for the club's demise.
Supporters were already planning a new replacement club before he or previous owner Tommy Agombar put any money into it.
"It's a good business they are in promoting young players, bringing players through the ranks, selling them to the bigger clubs," said Lonsdale.
"That is a business in itself."
Lonsdale was then asked how much money the two chairman put into the club.
"A lot of money, a lot of money, in excess of £600K."
There's more on this after 8am on BBC H&W.