Bulls' Agombar 'forced to quit'

Bulls# Agombar 'forced to quit'

Bulls# Agombar 'forced to quit'

First published in Sport Worcester News: Photograph of the Author by

FOOTBALL continues to almost be a sideshow at Hereford United following Tommy Agombar’s departure as owner.

While the Bulls prepare for their third game in the Southern League Premier Division, a trip to Dorchester Town tomorrow (3pm), the future of the club remains uncertain.

Majority shareholder Agombar has sold his shares in United to a ‘purchaser of distressed debts’ after being forced to step aside in the wake of failing the Football Association’s owners and directors test for club ownership.

The news comes as creditors met to consider a proposal for a Company Voluntary Agreement.

A statement from Marc Landsman, the insolvency practitioner overseeing the CVA application, says Agombar is no longer associated with the company or club.

He also said that Hereford could be kicked out of the Southern League if Agombar remained at the helm.

“In the absence of any realistic offers from anyone with links to the football club to buy his debts, Agombar sold them to an independent third party introduced to him as a purchaser of distressed debts and similar,” said Landsman.

“As at the time of this update no claim or proxies had been received from the new owner (a limited company) in relation to these debts. The shares were sold to the same company.”

Landsman added: “They were sold by Agombar since the Football Association had made it clear that if he did not cut all potential positions of power within the club, including the debt owed to him since they considered that this could place him in position of control due to the high level of debt, the football club ran the risk of being suspended or expelled from the Southern Football League.”

Hereford followed up last Saturday’s 2-0 home defeat to St Neots with a midweek 2-2 draw against Slough Town.

Comments (1)

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9:39am Fri 15 Aug 14

chris peacockpeacock says...

This was a few days ago WN, surely the refusal of the CVA agreement effectively ending the existence of the club on September 1st should be the real story here.
This was a few days ago WN, surely the refusal of the CVA agreement effectively ending the existence of the club on September 1st should be the real story here. chris peacockpeacock
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