UK time is: 04:23:44
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

RUFC - No CVA?

The proposed new owner of Rotherham United, Tony Stewart, has said that it is probable that the club will have to start on minus fifteen points next season.

Mr Stewart, who we believe will be named as the new Owner/Chairman of Rotherham United tomorrow, will acquire the club without completing a CVA - a Company Voluntary Arrangement.

Speaking to the Yorkshire Post, Mr Stewart said, 'I have been advised that both legally and financially this is the right step to take.'

The Inland Revenue are by far the biggest creditors and are owed around 500,000 by the club and are unlikely to settle for a CVA.

'I would love to be able to pay off the creditors because they have been the fall guys in all of this,' said Mr Stewart, 'but we would not have got the CVA accepted.

'I am a novice in the football market but I am an experienced business man and I want this club to go places.'

After reading this I think all Millers will be taking an extra special interest in what happens with Leeds United today and their fight to have their fifteen points reinstated.




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:Thursday May 1 2008

Time: 8:37AM

Your Comments

I am sure you are waiting like us with baited breath for the Leeds outcome.
dazza71
 

Have Your Say

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

Recent Articles

RUFC - Ref Watch v MK Dons (Thursday April 24 2014)

RUFC - Skipper Fears No-one (Thursday April 24 2014)

RUFC - Head-to-Head v MK Dons (Thursday April 24 2014)

RUFC - Miller In Team Of The Week (Wednesday April 23 2014)

RUFC - Play-Off Ticket Information (Wednesday April 23 2014)

RUFC - Millers Interested In Winger? (Wednesday April 23 2014)

Archived 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. herringthorpe 716
2. rybel_b 688
3. sixpence 334
4. mos60 127
5. nearlyataff 47
6. MILLER NEZ 45
7. Millie Miller 44
8. axholme 25
9. mvmiller 23
10. nogginthenog 22

League Results (view all)

League Table (view table)

Team P W D L GD Pts
1. Wolves 44 30 9 5 +55 99
2. Brentford 44 27 10 7 +30 91
3. Rotherham 44 23 13 8 +27 82
4. Preston 44 22 16 6 +25 82
5. Leyton Orient 44 23 11 10 +36 80
6. Peterborough 44 22 4 18 +12 70
7. Swindon 44 19 9 16 +7 66

Breaking League News

Tubbs - We're In Good Spirits
Crawley : 24/04/2014 23:38:00
SUFC Can United take the points?
Sheff Utd : 24/04/2014 20:00:00
RUFC - No Interest For Croft From Millers
Rotherham : 24/04/2014 19:43:00
RUFC - Evans 'Wes Has Big Part To Play'
Rotherham : 24/04/2014 19:29:00
Port Vale v Sheffield United - History
Sheff Utd : 24/04/2014 19:00:00
Port Vale v Sheffield United - Match Officials
Sheff Utd : 24/04/2014 19:00:00
Orient Extend Lundstram Loan
Leyton Orient : 24/04/2014 16:53:00

Current Site Poll (view all polls)

Play-Offs - Do You Want To Be At Home First Or Second?
Suggested By:  
First 18%
Second 66%
Doesn't Matter 16%