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The Hereford Times reports that the club paid the Richardsons £452,000 to settle the outstanding loan and regain the leases according to the latest accounts.
The sum represents just over 42% of the £1,069,500 owed and almost matched the 'cash in hand' balance according to the paper. The HT also notes that the wage bill dropped by £200,000 but directors' renumerations increased by nearly £100,000 and administration expenses rose by over £140,000.
The accounts for Graham Turner's final season in charge show an overall loss of £53,660.
