RUFC - What happens now?
Rotherham United's future isn't bright. To be fair it wasn't bright two years ago when the fans got out their buckets and pleaded for money to save the club. There was a bright spot on the horizon when Denis Coleman stepped in but he said at the time that he, and the rest of the Board he recruited, were only fans and businessmen and would need help. And, after giving one hundred per cent to the club they have now found themselves, as the Chairman says, skint.
'We just can't trade insolvently,' Mr Coleman told The Advertiser, 'and we have taken advice from our legal advisors and will continue to do so to make sure we are doing everything in the correct manner.'
This will involve:
Regular appointments with a County Court Judge who has to be convinced that the directors are actively seeking investment
If an investor isn't found then an administrator has to be appointed
The running of the club by the administrators who will make it saleable and try and find investors themselves
Going into administration will mean the Millers will be docked ten points but the Football League have said that it will be no more than ten points. I think many of us were wondering if, because we had been docked ten points once before when the club took out a CVA, we would be docked more points this time. If we were to lose the ten points the Millers, as things are now, would drop to the bottom half of the table, but, still only be six points off the play-off places.
Mr Coleman says, 'Supporters always think that someone will come in and rescue the club because it's happened before but the club needs someone to get it through the next two years.'
And, to be honest, if that someone doesn't come in, and come in soon, I don't think any amount of bucket shaking or pleading will help this time - last time was serious, this time, I believe, it's deadly serious.
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