New Owners Considering Administration/CVA

The Hereford Times reports the following from today's Court hearing:

Registrar Stephen Baister adjourned the petition until June 30 this morning after club lawyers told him that the club was purchased last week and the new owners are investigating options including administration and a creditors voluntary arrangement (CVA).

The registrar said that he would give the club until June 30 to 'look into all those possibilities'.

Link: http://www.herefordtimes.com/sport/thebulls/conference_premier/news/11250526.Hereford_United_winding_up_petition_adjourned_for_28_days/?ref=var_0

Any Administration or CVA deal would incur the wrath of the Conference and a ten point deduction. That deduction could still be incurred this season, effectively relegating the Bulls to Conf North for 2014/15, if the Conference chose to do so in line with their rules.

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