UK time is: 20:40:16
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

The Future..

Rotherham United's future appears more secure after a 79 per cent majority of the club's creditors accepted the Company Voluntary Arrangement (CVA) at a meeting this morning.

The news is a boost for the cash-strapped millers survival, but boss Alan Knill and his squad are already facing a battle for League One survival before the new season starts because they will be docked ten points under Football League regulations.

In a statement on the club's official website, Jeremy Blizzard from XL Business Solutions Ltd said: 'We are pleased to announce that the CVA has been accepted.

'All the creditors were given the opportunity either to accept of modify the Arrangement that was put forward by the directors on 18th April to restructure the finances of the club.

'Some modifications were put forward to the meeting and these were duly accepted. We wrote to 200 creditors and the Arrangement is binding.

'This is a major step and shows we have security of tenure for ten years with the landlord and we are hopeful that we can conclude in the future.

Chairman Denis Coleman added: 'We were confident we would be able to secure today's decision, it's the only way Rotherham United have a future, the alternative was liquidation. We have traded recently on the good will of people and hopefully we might get some of that business back.

'Now we look forward to the continued future of Rotherham United although there is still a lot of hard work to be done. We were losing a lot of money so we have to tighten the purse strings while looking at other streams of income.'

Discuss this in the forum




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!


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

The Journalist

Writer:  Mail feedback, articles or suggestions

Date:Tuesday May 9 2006

Time: 2:02PM

Your Comments

Your chairman was on radio 5 live and admitted to bending the rules. He said that on Saturday he had a fax ready to send in to the Football League, if you went down. If he got it in by 5.00pm Saturday, the points would have come off this season. Some slight bending of the rules has gone on but no bitterness, what is done is done, good luck next season.
DanielGaunt
" cheers for that mate"
millers4eva
You going to have a tough season with -10 points to start
miked_joker
" agreed joker- looks like being another tough season"
millers4eva
 

Have Your Say

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

Recent Articles

Archived 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 666
2. herringthorpe 540
3. sixpence 266
4. mos60 97
5. MILLER NEZ 41
6. nearlyataff 37
7. Millie Miller 29
8. mvmiller 19
9. nogginthenog 18
10. axholme 17

League Results (view all)

League Table (view table)

Team P W D L GD Pts
1. Wolves 43 29 9 5 53 96
2. Brentford 43 27 9 7 30 90
3. Leyton Orient 43 23 11 9 38 80
4. Rotherham 43 22 13 8 26 79
5. Preston 43 21 16 6 22 79
6. Peterborough 43 21 4 18 9 67
7. Swindon 43 18 9 16 6 63

Breaking League News

City Try Again To Pass 50
Coventry : 19/04/2014 19:59:00
Ref Watch: Peterborough United v Carlisle United
Peterborough : 19/04/2014 19:00:00
Posh v Carlisle United Predictions
Peterborough : 19/04/2014 16:07:00
Vital Posh MOTM -Vs- Bradford City Poll
Peterborough : 19/04/2014 11:00:00
Rotherham : 19/04/2014 10:36:00
RUFC - View From The Opposition - Wolves
Rotherham : 19/04/2014 10:18:00
Peterborough : 19/04/2014 10:01:00

Current Site Poll (view all polls)

Which of these loanees would you like to see back next season
Suggested By:  
James Tavernier 74%
Haris Vuckic 5%
Miles Addison 5%
Richie Smallwood 5%
Tom Hitchcock 11%
None 0%