CHAIRMAN Peter Hill and managing director Robin Fry pumped a further £36,000 into club funds prior to last week's transfer deadline, shareholders heard at the 49th annual meeting of Hereford United Football Club (1939).
The money was required to repay a PFA loan and lift a transfer embargo, enabling director of football Graham Turner to strengthen his squad for the crucial end-of-season games. Huw Brookes, of club accountants' Kidsons Impey, drew shareholders' attention to the fact that the accounts had been prepared on a 'going concern' basis, and commented that this was dependent on the club receiving continued support from bankers and other creditors.
After the main business of the meeting, which was concluded in just 18 minutes, shareholders heard a presentation from Bristol architect David Daw, who has been assisting with the club's plans to relocate to a site south of the city.
Mr Daw said that there was a combination of factors which made the relocation proposals viable, notably the regeneration of city centres now a prime objective of planning authorities and the fact that the Department of the Environment had written into planning policy a request for a sympathetic hearing for football clubs having to relocate as a result of the Taylor report. He said that a number of companies who specialised in running stadia and leisure complexes were willing to join forces with the club and stressed that the club's relocation and the redevelopment of an alternative site were commercially sustainable.
''It is vitally important that if any pressure can be brought to the local authorities to deal generously and promptly with the football club then now is the time,'' he said.
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