Vital Football

Latest Rotherham United News

RUFC - Deadline Extended

RUFC - Deadline Extended

If there is anyone out there wanting to put in a bid for Rotherham United then the Administrator, Jeremy Bleazard has extended the deadline from 5pm today until 5pm, 18th April.

The Advertiser says that Mr Bleazard has done this to give potential bidders extra time to study more information about the finances at Millmoor.

It is thought that at least two formal bids will be made and that Mr Bleazard will make a decision on which he thinks to be the most suitable within days of the deadline.

Of course, even then, the club will not be safe with the new owners having to sort out the financial problems with the insolvency expert.

As part of a CVA (Company Voluntary Arrangement), the creditors will be asked to take so many pence in the pound and a seventy five per cent agreement is needed to get a CVA. If there is any opposition to this, which is likely from the Inland Revenue, then a CVA cannot go ahead. If the club doesn't get a CVA then, if there is still interest, the club will be put to the highest bidder.

By being given an extra week I am wondering if someone else has asked for a press pack rather late in the day and requested an extension - which I suppose would only be fair that they be given as much time to study the pack as others have done. Or could it be that more information has come to light and had to be sent to the prospective buyers?

I also wonder if, when the new buyers, whoever they may be, are safely installed at the club the confidentially agreement all interested parties had to sign can be broken?

For us fans, the players, management and club staff it's still wait and see time.

Writer:Herringthorpe
Date:Friday April 11 2008
Time: 7:55AM

Best of Vital Network

Vital Boxing - Khan to Fight in the UK

Login to post a comment

Recent Rotherham United Articles

RUFC - Stubbs Delighted To Get Defender

Millers Boss thanks Middlesbrough for letting him bring in Fry

RUFC - Millers Sign Fry

Centre Back signs for Rotherham

RUFC - Stubbs Keeping His 'Phone To His Ear

Millers Boss still expecting signings

RUFC - Smallwood Leaves For Iron

Millers Midfielder joins Scunthorpe

Archived Vital Rotherham Articles

Vital Rotherham articles from

Site Journalists

Herringthorpe
Editor email
Profile
baldtobeamiller
no email
Profile

Current Poll (see more polls)

How Many Players Will Alan Stubbs Fetch In Before Wednesday's Deadline?
Suggested By:
None56%
One15%
Two16%
Three or more13%

League Table

# Team P W D L Pts. GD
1 Huddersfield 5 4 1 0 13 4
2 Fulham 5 3 2 0 11 3
3 Barnsley 5 3 0 2 9 4
4 Newcastle 5 3 0 2 9 4
5 Q.P.R. 5 3 0 2 9 3
6 Bristol City 5 3 0 2 9 2
7 Forest 5 3 0 2 9 0
8 Brighton 5 2 2 1 8 4
9 Wolves 5 2 2 1 8 3
10 Birmingham 5 2 2 1 8 2
11 Ipswich 5 2 2 1 8 1
12 Norwich 5 2 2 1 8 1
13 Burton 5 2 1 2 7 1
14 Brentford 5 2 1 2 7 1
15 Reading 5 2 1 2 7 -3
16 Aston Villa 5 1 2 2 5 0
17 Cardiff 5 1 2 2 5 -2
18 Derby County 5 1 2 2 5 -2
19 Sheff Wed 5 1 2 2 5 -3
20 Wigan 5 1 1 3 4 0
21 Leeds Utd 5 1 1 3 4 -4
22 Rotherham 5 1 1 3 4 -9
23 Preston 5 1 0 4 3 -2
24 Blackburn 5 0 1 4 1 -8
Latest F1 News
Latest Vital Boxing News

Recent Rotherham United  Results (view all)

Rotherham United  Fixtures (view all)