UK time is: 11:19:37
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

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.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!

The Journalist

Writer: Herringthorpe  Mail feedback, articles or suggestions

Date:Friday April 11 2008

Time: 7:55AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Rotherham United Articles

RUFC - Evans Explains 'Keeper Change (Wednesday October 1 2014)

RUFC - Gaffer On Last Night's Goals (Wednesday October 1 2014)

RUFC - Evans 'I'm Proud Of My Players' (Wednesday October 1 2014)

Millers v Blackburn Preview (Tuesday September 30 2014)

RUFC - Evans 'Broadfoot Was Excellent' (Tuesday September 30 2014)

RUFC - Evans 'Big Decision To Recall Rowe' (Tuesday September 30 2014)

RUFC - Head-to-Head v Blackburn (Tuesday September 30 2014)

RUFC - Ref Watch v Blackburn (Monday September 29 2014)

Archived Rotherham United Articles

List All Vital Rotherham Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. sixpence 2

League Results (view all)

League Table (view table)

Team P W D L GD Pts
14. Leeds Utd 9 4 1 4 -2 13
15. Bournemouth 10 3 3 4 1 12
16. Millwall 10 3 2 5 -3 11
17. Rotherham 10 3 2 5 -4 11
18. Brighton 10 2 4 4 -2 10
19. Birmingham 10 2 4 4 -6 10
20. Wigan 10 2 3 5 -2 9

Breaking League News

Adams: I Can't Criticise The Lads
Norwich : 01/10/2014 11:00:00
U18's Fire Six Away
Birmingham : 01/10/2014 11:00:00
Khan Explains!
Fulham : 01/10/2014 09:57:00
RUFC - Evans Explains 'Keeper Change
Rotherham : 01/10/2014 09:55:00
RUFC - Gaffer On Last Night's Goals
Rotherham : 01/10/2014 09:53:00

Current Site Poll (view all polls)

If You Was Manager Would You Start Becchio On Tuesday?
Suggested By:  
Yes 84%
No 16%