James to meet new club backers
Herefordshire Council Leader Terry James has revealed in today's Hereford Times that he hopes to meet new backers of Hereford United within the next three weeks.
He has already spoken to individuals and will hold further discussions with them soon. The club owe over £1 million to property developers Chelverton which should be repaid on May 19th 2003.
The news came after yesterday's HU-FC.co.uk release of letters that saw an end to negotiations between Councillor James and Chelverton's Simon Morgan. Morgan confirmed that Chelverton were not prepared to write off the £1 million investment which had saved United from extinction.
Morgan told the Hereford Times: "We have started the new year with problems. I have been told that there are parties interested in investing in the football club but we don't know their identity and we ourselves have not been contacted. If they are out there, I would appeal for them to come forward."
Councillor James commented: "Nothing is going to happen overnight. Chelverton may wish to hang on and see if the council is going to change its mind over the use of the football ground. But we are very unlikely to change our views."
Chelverton intend to make representations during the UDP process and hope to argue their case at a subsequent inquiry.

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