UK time is: 19:04:27
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 - New Man Signs In (Friday November 21 2014)

RUFC - Chairman Delighted With Sponsors (Friday November 21 2014)

RUFC - Stadium Sponsor Announced (Friday November 21 2014)

RUFC - Latest on Luciano Becchio (Friday November 21 2014)

RUFC - Club Apologises Over Tickets (Friday November 21 2014)

RUFC - Boss 'It's Good To Be Back' (Friday November 21 2014)

RUFC - Broadfoot Loan Deal Off (Thursday November 20 2014)

RUFC - 'Keeper Signs Extension (Thursday November 20 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. rybel_b 938
2. herringthorpe 835
3. sixpence 191
4. mos60 36
5. nearlyataff 33
6. miller4life 29
7. Millie Miller 20
8. mvmiller 17
9. zipadeedoodah 16
10. axholme 14

League Results (view all)

League Table (view table)

Team P W D L GD Pts
16. Huddersfield 17 5 5 7 -6 20
17. Fulham 17 5 4 8 -4 19
18. Millwall 17 4 6 7 -5 18
19. Rotherham 17 4 6 7 -9 18
20. Brighton 17 3 8 6 -3 17
21. Bolton 17 5 2 10 -7 17
22. Wigan 17 3 7 7 -4 16

Breaking League News

Will Leeds return from Blackburn with the points?
Leeds Utd : 21/11/2014 19:00:00
LUFC Wright in charge of Blackburn clash
Leeds Utd : 21/11/2014 19:00:00
The Brighton Preview
Norwich : 21/11/2014 19:00:00
RUFC - New Man Signs In
Rotherham : 21/11/2014 18:58:00
Evan's Downplays Rowett Influence
Birmingham : 21/11/2014 18:12:00

Current Site Poll (view all polls)

Of The Players Who Joined The Millers In The Summer/Start Of Season, Who Do You Think Has Done Best
Suggested By:  
Bowery 5%
Broadfoot 0%
Clarke-Harris 3%
Derbyshire 0%
Green 64%
Hall 0%
Richardson 7%
Taylor 21%
Other 0%