Rotherham United - RUFC - No CVA?
UK time is: 16:13:21
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 (oldest first)

Change to most recent first
I am sure you are waiting like us with baited breath for the Leeds outcome.
dazza71
Report Abuse
01/05/2008 16:20:00

 

Have Your Say

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

Recent Rotherham United Articles

RUFC - Championship Round-Up (Thursday September 3 2015)

RUFC - Lee Buzzing To Be Here (Wednesday September 2 2015)

RUFC - Is The Transfer Window Too Long (Wednesday September 2 2015)

RUFC - Evans Pleased To Get Loanees (Tuesday September 1 2015)

RUFC - Two Canaries Join Millers (Tuesday September 1 2015)

RUFC - Evans 'Delighted' To Get Camp (Tuesday September 1 2015)

RUFC - Camp Joins Millers (Tuesday September 1 2015)

RUFC - Tickets For Owls Clash On Sale (Tuesday September 1 2015)

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. herringthorpe 96
2. rybel_b 93
3. sixpence 29
4. mos60 9
5. axholme 2
6. nogginthenog 1
7. Millie Miller 1

League Results (view all)

Latest Results
Rotherham 1 - 3 Fulham
Q.P.R. 4 - 2 Rotherham
Rotherham 0 - 0 Preston
Forest 2 - 1 Rotherham
Rotherham 1 - 4 MK Dons

League Table (view table)

Team P W D L GD Pts
18. Brentford 4 1 1 2 -1 4
19. Derby County 5 0 4 1 -1 4
20. Bristol City 5 1 1 3 -4 4
21. Blackburn 5 0 3 2 -2 3
22. Huddersfield 5 0 3 2 -3 3
23. Bolton 5 0 3 2 -4 3
24. Rotherham 5 0 1 4 -8 1

Rotherham United  Fixtures (view all)

Breaking League News

Ipswich Town's International Pedigree
Ipswich : 03/09/2015 16:03:00
Can We Beat Villa?
Birmingham : 03/09/2015 15:18:00
Opinion: Gleeson nomination deserved
Birmingham : 03/09/2015 13:00:01
Can Wolves now keep Afobe happy?
Wolves : 03/09/2015 11:00:01
So why was Stearman sold to Fulham?
Wolves : 03/09/2015 09:00:01

Current Site Poll (view all polls)

Which Of These Players Has Impressed You Most In The First Month Of The Season
Suggested By:  
Collins 3%
Halford 0%
Ledesma 5%
Maguire 11%
Buxton 5%
White 11%
Newell 55%
Thorpe 5%
G Ward 5%