UK time is: 18:34:15
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 Rotherham United Articles

Millers v Seagulls Preview (Friday October 24 2014)

RUFC - Skarz 'Every Game Is Huge' (Friday October 24 2014)

RUFC - Players Ready For Big Game (Friday October 24 2014)

RUFC - No One In Before Weekend (Thursday October 23 2014)

RUFC - Head-to-Head v Brighton (Thursday October 23 2014)

RUFC - Time Change For England U19's (Thursday October 23 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 790
2. herringthorpe 621
3. sixpence 343
4. miller4life 78
5. mos60 45
6. nearlyataff 41
7. mvmiller 25
8. Millie Miller 25
9. nogginthenog 15
10. axholme 15

League Results (view all)

League Table (view table)

Team P W D L GD Pts
13. Brentford 14 5 4 5 -3 19
14. Reading 14 5 3 6 -5 18
15. Millwall 14 4 5 5 -2 17
16. Rotherham 14 4 5 5 -3 17
17. Huddersfield 14 4 5 5 -6 17
18. Leeds Utd 14 4 4 6 -4 16
19. Wigan 14 3 6 5 -1 15

Breaking League News

Town Tactics Cost Blues Points Again!
Ipswich : 25/10/2014 18:27:00
Watford Take A Point At The Riverside
Watford : 25/10/2014 18:05:00
Middlesbrough : 25/10/2014 18:04:00
Bolton : 25/10/2014 17:20:00
Watford : 25/10/2014 17:14:00

Current Site Poll (view all polls)

Do you prefer evening or afternoon football
Suggested By:  
Afternoon 76%
Evenings 6%
Any 18%