UK time is: 19:13:07
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

Millers v Royals Preview (Tuesday April 28 2015)

RUFC - Keep Off The Pitch (Tuesday April 28 2015)

RUFC - Evans Wants Big Performance (Tuesday April 28 2015)

RUFC - Head-to-Head v Reading (Monday April 27 2015)

RUFC - Gaffer Plea To Fans (Monday April 27 2015)

RUFC - Ref Watch v Reading (Monday April 27 2015)

RUFC -Championship Round-Up (Monday April 27 2015)

RUFC - Millers Award Night (Sunday April 26 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. rybel_b 1000
2. herringthorpe 993
3. sixpence 260
4. mos60 57
5. mvmiller 41
6. Millie Miller 31
7. miller4life 31
8. axholme 23
9. nogginthenog 22
10. sthelensmiller 13

League Results (view all)

League Table (view table)

Team P W D L GD Pts
18. Bolton 45 13 12 20 -12 51
19. Reading 44 12 11 21 -23 47
20. Brighton 45 10 16 19 -10 46
21. Rotherham 44 10 15 19 -22 45
22. Millwall 45 9 14 22 -32 41
23. Wigan 45 9 12 24 -22 39
24. Blackpool 45 4 13 28 -55 25

Breaking League News

Early Player Releases At Wednesday?
Sheff Wed : 28/04/2015 19:09:01
Line ups confirmed - Rotherham vs Reading
Reading : 28/04/2015 18:54:00
Freedman On Transfer Plans
Forest : 28/04/2015 17:53:00
Hobbs Calls For Defensive Improvements
Forest : 28/04/2015 17:46:00
Barrow Gets Swansea Recall
Forest : 28/04/2015 17:39:00

Current Site Poll (view all polls)

Will We Stay Up?
Suggested By:  
YES 61%
No 39%