In his latest update, Hereford FC chairman Andrew Graham has said that there will be significant losses this season.
With poor performances, attendances down, and several changes of staff, it's not surprising the club has lost money and of course the coronavirus shutdown will only make those losses even greater.
"We have already placed some members of staff on the government’s job
retention scheme, with the likelihood that other staff members may have
to follow in the near future," said Graham.
"This has been a horrible season financially and at the present
moment in time it is difficult to know the exact impact this season will
have financially when we don’t know how or when the season will be
determined.
"I am hoping that we get clarity from the National League in the next few days. As a Board, we are in discussions remotely with each other every day, I am in contact with Josh continuously and communication takes place through Josh, to the players and football staff.
"The club will announce significant losses for this season. However, having been born from the ashes of Hereford United, we are all too aware of the problems that financial issues can cause for the longevity of clubs like ours and we are all working hard to ensure as much as we can that similar issues do not materialise again.
"I am hoping that we get clarity from the National League in the next few days. As a Board, we are in discussions remotely with each other every day, I am in contact with Josh continuously and communication takes place through Josh, to the players and football staff.
"The club will announce significant losses for this season. However, having been born from the ashes of Hereford United, we are all too aware of the problems that financial issues can cause for the longevity of clubs like ours and we are all working hard to ensure as much as we can that similar issues do not materialise again.
"Plans for next season were in advanced stages before the Coronavirus pandemic took hold, but those plans will undoubtedly need to be reviewed and amended depending on how this season ends and what shape next season looks like taking."
Full statement: https://www.herefordfc.co.uk/news-chairman-provides-further-update/