Keyte Says Bulls Not Going Bust

Hereford United chairman David Keyte has again said that despite the current financial problems at Edgar Street, the club is not going bust but he would like supporters to purchase season tickets as soon as possible to help.

"We are confident we can cover the HMRC bills, the PAYE and the VAT," Keyte told BBC Hereford and Worcester.

"It's (the club) not going to go bust.

"Logically, one person (DK) would lose more than half a million pounds if we go into administration so I really don't follow the logic of me putting it into administration.

"But we need people to come forward in the same measure as last year

"We've budgeted by dropping the prices to make season tickets extremely attractive with the idea to get more people in because we want more of a crowd atmosphere to help the players.

"We'll pay the HMRC first. We've paid the players who have been offered new contracts. We're up-to-date with those should there be a day we go to tribunal with any of them.

"We've had interest for the one player but nothing concrete as yet and we're going to try and find the wages as and when we can for everybody else."

Keyte confirmed that directors had put more money into the club.

"Yes and that's been the case throughout my three years.

"It does seem to rest on the directors shoulders even though we don't own any more than 20% of the club."

Owens then asked Keyte whether he would get some of his loans back or would he have to write some of them off.

"It will be a bit of both.

"It would be nice to think that the club gets to a position where it might think it could pay back some of its loans.

"You don't come into it thinking you are going to make money out of it, there was never any intention of that, but the severity of it - my personal thought was if it cost me £300,000 to enjoy the role for ten years I could live with that.

"But twice that much in three years is a bit steep."

There will be more from this interview on H&W's Sport on Saturday programme. 

---