Hereford FC’s board of directors have announced an agreement to extend the right for HUST to purchase shares in the club.

The original deadline is set to expire on 27th March 2020, but with HUST needing a further 8% (£79,000) to reach their target of 50%, the current board of directors have made the decision to extend the timeframe for an additional 12-month period.

“We’re very sympathetic to HUSTs situation, they’ve done extremely well to purchase the amount that they have so far, but with attendances having dropped this season and taking into account other factors, we are more than happy to extend the deadline,” said Hereford FC chairman Andrew Graham.

HUST currently own 210,000 (42%) shares in Hereford FC, and have the option to purchase up to 289,000 (50%).

Source: https://www.herefordfc.co.uk/

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