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RUFC - It's Minus 17

Rotherham United will start next season with minus seventeen points.

The Statement on the Football League's Official Site is:


FL BOARD STATEMENT

At its meeting this evening, the Board of Directors of The Football League considered applications for membership of The League relating to Rotherham United and AFC Bournemouth.

The Board also considered Rotherham United's request to play its matches at Don Valley Stadium, Sheffield.

- Rotherham United

The Board considered an application from a company - Rotherham United (New Co.) - which has applied to join League 2 in place of the existing club, which is currently in administration.

Rotherham United (Old Co.) has been unable to agree a Company Voluntary Arrangement (CVA) with its creditors and as a consequence is unable to satisfy the normal conditions of The League's insolvency policy for exiting administration.

The Board decided, however, that it was prepared to exercise its absolute discretion under the 'exceptional circumstances' provisions of its insolvency policy. Therefore, in accordance with recent precedent, the Board has made the following offer to Rotherham United (New Co.). Acceptance of the Board's offer is a pre-requisite to the exercise of that discretion:

1. The club will be deducted 17 points for the 2008/09 season. This takes into account the fact that this is the club's second insolvency event in recent seasons.
2. The club must provide a legal waiver indicating that it will not challenge or appeal this decision.
3. The club must undertake to return to Rotherham within four years and provide an irrevocable bond of 750,000. This will be forfeited if the club fails to return within that timeframe, as will the club's membership of The Football League.
4. The club must pay unsecured creditors the amount offered at the time of the CVA hearing.

The Board's offer is subject to the club agreeing these conditions, and formal agreements being signed, by 12.00 noon on Friday.




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The Journalist

Writer: Herringthorpe  Mail feedback, articles or suggestions

Date:Wednesday August 6 2008

Time: 7:47PM

Your Comments

the hard work starts now but not looking good for Bournemouth
Mexbro miller
Wish you all the best Millers. I think you can escape the trap door. Whats the score with Bournemouth. Any idea what penalty they will receive?
Aston Smithy
At least you know where you stand and it could have been a lot worse. -17 is a bit arbitrary..
monkeyg
Only 3 less than Luton (the other 10 apart)
codbater
I am so sorry to hear that, I wish you all the best in the season.
dazza71
Well, it's 3 better than I thought it would be - message to the board 'Please don't forget to send the papers in by midday on Friday'
herringthorpe
its all starting to get out of hand.football is a game being wrecked by money. good luck this season.
SweetLeftFoot
Thanks SLF - yes its just no fun anymore is it
herringthorpe
It could have been so much worse guys, heavy but managable after your opening day defeat. ;-) chin up !!!!!!
C T E
At least you now know where you stand from a points position. -17 is steep, but it could have been worse. Best wishes after saturday!
Impish
this is DISGUSTING. What else will the FA try and to do liquidate smaller clubs? West Ham get away with it - just a fine - which they could afford. Ridiculous. Feel so sorry for you lot. They always victimize the smaller clubs. Good Luck Millers from all at Barnsley FC. Hope you get promoted.
mattyg
Thanks Mattyg - the League seem to want to get rid of the smaller clubs. And yes, I feared it would have been a lot worse
herringthorpe
Sorry to hear about your points deduction, its starting to get ridiculous with the way the points are getting deducted, need to help the smaller clubs not punish them. Hope you can battle back and move up the league. Good Luck Rotherham.
mighty_mariners
Thank you, MM - we just have to keep our heads above the bottom two!
herringthorpe
Caz can you clear something up. Do Rotherham have to lodge the 750k bond with the FL by Friday or do they just have to promise to pay it in 4 years time if they fail to move back to Rotherham?
Dean1
I don't think any money actually has to change hands. I believe it has to be proved that they have the money and will still have the money in 4 years time if needed
herringthorpe
http://www.barnsley.vitalfootball.co.uk/article.asp?a=118899 my little good luck message. and expression of disgust.
mattyg
Thank you mattyg - I have answered it and I agree with you - one rule for the rich and another for the poor
herringthorpe
 

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