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RUFC - Creditors Meet Today

RUFC - Creditors Meet Today

Rotherham United could learn soon if they will start next season with minus points or not as there is a creditors meeting today.

The people the club owe money to have been asked to take so many pence in the pound as part of the CVA (Company Voluntry Agreement). The club need to get a 75% approval of what is owed. If this isn't agreed it is possible that the Millers will be deducted up to fifteen points at the start of next season by the Football League.

The Millers owner, Tony Stewart, told The Advertiser, 'The creditors' meeting today won't resolve anything but it should give us a gut feeling about the way things will go.'

The biggest creditor is thought to be the Inland Revenue.



Click here to join in the debate on the club forum.

Writer:Herringthorpe
Date:Friday June 27 2008
Time: 8:28AM

Comments

0
As a Gills fan I hope you don't get your CVA. hahaha
Bert1982
27/06/2008 12:13:00
0
Now that's not very nice, is it Bert???!!!!
herringthorpe
27/06/2008 15:04:00
0
i, a gills fan, hope you dont suffer a points deduction... the FA arent doing enough to help smaller clubs... they are just concentrating on the top flight clubs... consider the 39th game rubbish... see they should be concentrating on helping yourselves and luton.
gfc-julian
27/06/2008 15:48:00
0
Well thanks Julian. I have to agree, the big clubs get it all while the smaller clubs get more and more into bother. If the team had done something wrong (played an unregistered player for instance) then yes, deduct the points they got while the player was playing. But when its nothing to do with the team but the finances I find the points deduction a bit mystifying tbh
herringthorpe
27/06/2008 16:46:00
0
Lets hope after everything you don't lose a further 15 points. Unfortunately I think the Football League have backed themselves into a corner by making an example of Leeds last season.
dazza71
28/06/2008 07:50:00
0
Yes, I think they will find it very difficult to back track now
herringthorpe
28/06/2008 11:23:00
0
Bert the gill fan there are lot of rumours flying around that you could be next to go into admin. I am sure then that you be hoping that Rotherham , Bournemouth and Luton come out of this with no more deductions . As the Tax man will be a major creditor to you as well. As a cherries fan I cannot see the Football League giving Luton a further 15 points deduction they would dead and burried even before the season started . I think we all will see a 5 points deduction which will give us all a fighting chance .
leaprobe
28/06/2008 19:18:00
0
15 points is a lot - it means winning 5 games before the season really starts for us (or any team who get it). I know Leeds did it last season and I applaud them for it. If we should get the minus 15 I only hope we can do the same as them
herringthorpe
28/06/2008 20:24:00
0
The main difference between leeds and the 3 clubs in this situation at the moment , they had the crowds & heavy backers once they came out of admin to build a very strong squad for FL1. However even with that they proved 15 points was to much
leaprobe
29/06/2008 11:28:00
0
Is it 75% of the creditors that have to agree? Is each and every creditor worth the same percentage or are the IR for the sake of arguement worth a larger percentage because they are owed more money?
Dean1
29/06/2008 15:04:00
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