UK time is: 14:00:39
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

RUFC could lose League Status

Rotherham United face the prospect of losing their Football League status if creditors fail to vote for a Company Voluntary Arrangement is The Advertiser's glum report today.

Unless the buyer of the club agrees to buy it as a going concern and pay all debts in full the next stage will be to get a CVA which would allow the club to leave administration like the one that the Coleman/Maccio reign successfully accomplished two years ago.

A CVA would mean that the club could continue to trade and gather funds that would then be distributed amongst the creditors. Seventy-five per cent of the total debt pot have to agree to this and it is thought that the Inland Revenue won't do this. In that case a CVA could not go ahead and the Administrator would sell to the highest bidder who would then have to reach an agreement with the creditors.

This would be in breach of Football League regulations and the club would then lose the Football League share which means they could, at the least, have to start next season on minus fifteen points or, at worst, lose their football league status.




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: 8:18AM

 

Have Your Say

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

Recent Rotherham United Articles

RUFC - Latest Rumour (Thursday July 24 2014)

RUFC - Pen Pics - Kieran Agard (Thursday July 24 2014)

RUFC - Rayns Pleased With Win (Wednesday July 23 2014)

Millers Beat Forest In Friendly (Wednesday July 23 2014)

RUFC - Worrall Joins Shrimpers (Wednesday July 23 2014)

RUFC - Worrall Leaves Millers (Tuesday July 22 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 996
2. herringthorpe 769
3. sixpence 261
4. mos60 145
5. miller4life 138
6. MILLER NEZ 34
7. mvmiller 18
8. Millie Miller 14
9. nogginthenog 9
10. zipadeedoodah 6

League Results (view all)

Latest Results

League Table (view table)

Team P W D L GD Pts
17. Millwall 0 0 0 0 0 0
18. Norwich 0 0 0 0 0 0
19. Reading 0 0 0 0 0 0
20. Rotherham 0 0 0 0 0 0
21. Sheff Wed 0 0 0 0 0 0
22. Watford 0 0 0 0 0 0
23. Wigan 0 0 0 0 0 0

Breaking League News

Opinion: 5 Players Clark Should Sign
Birmingham : 25/07/2014 12:14:00
Kidderminster v Birmingham City
Birmingham : 25/07/2014 11:54:00
Sevilla Join Fer Chase
Norwich : 25/07/2014 11:29:00
Vulnerable Valiant.
Charlton : 25/07/2014 11:09:00
Cherries unveil new third kit
Bournemouth : 25/07/2014 10:14:00

Current Site Poll (view all polls)

With Gerrard announcing his international retirement who should take over the skippers armband
Suggested By:  
Wayne Rooney 26%
Gary Cahill 37%
Joe Hart 12%
Other 25%