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Wednesday, April 21, 2010

Turner to give more Details of Share Sale

Chairman Graham Turner is expected to give more details about his decision to try and sell his shareholding in Hereford United during his usual end of the week interviews with the media.

Last Friday Turner said 'After very careful consideration I have decided to put my shares in the Club up for sale. Vice Chairperson, Joan Fennessy has also taken the decision to offer her shares for sale.'

And on Saturday he told BBC Hereford and Worcester that "I'll talk a little bit more next week."

Since then there has been various speculation about the reasons why Turner has chosen this particular time to offer his shares and about how much he might want for them.

One source close to the club has suggested that Turner's statement was more a plea for someone with deep pockets to put some money into the club as Turner felt that without fresh investment it was likely that the club would not be able to afford to redevelopment of the Meadow End without going deep into debt. The source added that should someone come forward he felt Turner might then stay on as chairman.

Another view suggested that Turner's decision had been partly influenced by the pending retirement of secretary and vice-chairperson Joan Fennessy. Together they have run the club for the past twelve years.

What appears to be generally agreed is that the club needs more support from the local business community. And that may only come if someone well known in Hereford and the surrounding areas is involved in a bid to purchase the shares.

It has to be hoped that this uncertainty about who might be in charge at Edgar Street can be sorted out as soon as possible.

The possibility of drawn out discussions about a sale of Turner's shares can only disrupt the day to day running of the football club and perhaps have an effect on next season. After all any one purchasing Turner's shares would probably like the chance of, at least, having some influence on selecting a new manager for the club.

And with Turner adamant that he will not be the manager after the end of the season, that particular appointment needs to be made sooner than later whoever is in charge.