Asked to comment about the extra time given to Hereford United to agree a deal with former manager Martin Foyle, HUST vice-chairman Martin Watson told BBC Hereford and Worcester that events at the Conference AGM later this week could still mean big problems for the Bulls.
"Basically this delay of 28 days is in reality 3 days because on Friday we have to go to the Conference AGM and prove to them that we are capable of being a properly run football club next season," said Watson.
"Nothing was going to get solved this morning. It was either going to get adjourned or the club was going to get shut down.
"It's good that the club hasn't been shut down but we've still got another hurdle.
"We've dodged one bullet but there are several more in the chamber ready to come at us.
"The law says 28 days but the Conference rules which supercede everything when it comes to football. They demand all football creditors are paid by the AGM.
"They want to see a creditable business plan for next season, they want to know who is in charge of the club, something we still don't know at the moment.
"So really that 28 days is fairly irrevelent, it comes to the next 3. It comes down to paying the staff, the players, the former players, the former manager etc. And then it comes down to proving to the Conference that we have a sensible plan in place and that we can go through next season.
"I understand that the football creditors are around £225,000. On top of that there is an outstanding HMRC bill of around £100,000. So that's £325,000 to get to August.
"On top of that there are other creditors. The coach company hasn't been paid, breweries are owed money. Utilities haven't been paid, the rent and rates on the stadium. There is a lot of debt out there."