Jon Hale along with several other businessmen met with Hereford Council leader Tony Johnson this afternoon. They outlined their plans to take over the club should it go into liquidation.
"We are a group of businessmen who have got together with the Hereford United Supporters Trust (HUST)," Hale told BBC Midlands Today.
"What we've done today is come to the Council and say in the event of Hereford United (1939) Ltd going into liquidation we would like the Council to consider our plan that possibly we could obtain the leases and still play football from Edgar Street with a community club, a supporter led club and a sustainable business plan which we have presented to the Council today.
"The debts have become almost insurmountable now in that the £1.3M debt that the current owner is talking about I don't think anyone realistically would come in and wipe that out.
"We felt responsible that we needed to stand up for the supporters and say if the club goes into liquidation what are we going to do and today we have presented our plan.
"I'm delighted to say that it was very well received and I'm very pleased that the council gave us the time.
"We know that if we start a new club we feel the backing will be there.
"We are very confident that we can acheive our status that we've just lost which is Conference premier."