Stadium boost for Bulls
Hereford have received an off-field boost with the local council signing off terms leading to a 250-year deal for Edgar Street.
The Bulls, who are battling for their Football League survival, have been in talks with a number of developers over proposals to build a hotel at the Blackfriars End and housing at the Meadow End of the ground, and the latest developments have accelerated the process.
Hereford chairman David Keyte told the club's official website: "After many months of detailed talks the council have now signed the Heads of Terms, which is what we need to start the next round in which we can offer developers and investors the real chance to come onboard and invest.
"For us the race is now on to raise the money or the investment needed to keep the club going to the next stage and hopefully even the fans will want to get involved as investors or partners."
The redevelopment opportunity comes after the club's board bought back Edgar Street's leases from Richardsons Capital LLP in December 2010.