Vital Football

Latest Rotherham United News

RUFC could lose League Status

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.

Writer:Herringthorpe
Date:Friday April 11 2008
Time: 8:18AM

Login to post a comment

Recent Rotherham United Articles

RUFC - FA Cup Change To Sub Rules

Extra Sub in extra time in latter stages of FA Cup

RUFC - Vaulks Pleased To Play Last Night

Millers midfielder pleased to pull on a Rotherham shirt

RUFC - Stubbs Thinks It Was A Bit Of A Game Of Two Halves

Millers Boss after last nights friendly loss

Premier League 2 Ends B Team Talk

Premier League chief executive Richard Scudamore has been speaking about the introduction of Premier League 2 for the 2016/17 season, and he's also spoken about how it should end...

Archived Vital Rotherham Articles

Vital Rotherham articles from

Site Journalists

Herringthorpe
Editor email
Profile
baldtobeamiller
no email
Profile

Current Poll (see more polls)

Just over three weeks to the new season. How many players will the Millers have for that first game
Suggested By:
1514%
169%
178%
1812%
1911%
2030%
215%
22 or more11%

League Table

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

Recent Rotherham United  Results (view all)

Rotherham United  Fixtures (view all)

Vital Members League Table

RankNamePoints
1.herringthorpe316
2.sixpence237
3.mos6032
4.Marky7911
5.Chris Maiden7
6.mvmiller7
7.axholme5
8.zipadeedoodah4
9.michael larkin1