Vital Football

Latest Rotherham United News

The Future..

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


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

Writer:
Date:Tuesday May 9 2006
Time: 2:02PM

Comments

0
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
10/05/2006 17:47:00
0
" cheers for that mate"
millers4eva
10/05/2006 20:47:00
0
You going to have a tough season with -10 points to start
miked_joker
18/05/2006 13:43:00
0
" agreed joker- looks like being another tough season"
millers4eva
01/06/2006 09:17:00
Page 1/1
  1. 1

Login to post a comment

Recent Rotherham United Articles

RUFC - What Is Tony Stewart Looking For In Next Manager

Chairman says, as it stands, he has three favoured candidates for vacant position

RUFC - Will Eaden Be In Charge On Saturday - Or Not?

Caretaker Boss still unsure what is happening this weekend

RUFC - So It's Down To Three

But which three

RUFC - Richard Just Wants To Play

Defender hoping to start more games

Archived Vital Rotherham Articles

Vital Rotherham articles from

Site Journalists

Herringthorpe
Profile
baldtobeamiller
Profile

Current Poll (see more polls)

What Sort Of Manager Do You Want To See Next
Suggested By:
An up and coming young manager7%
Someone with experience93%
A former Miller0%
Other0%

League Table

# Team P W D L Pts. GD
1 Middlesbrough 29 17 6 6 57 23
2 Hull City 29 17 5 7 56 26
3 Burnley 30 15 10 5 55 22
4 Brighton 29 14 11 4 53 9
5 Derby County 30 13 12 5 51 14
6 Sheff Wed 30 13 11 6 50 12
7 Ipswich 30 13 9 8 48 2
8 Birmingham 30 13 8 9 47 8
9 Cardiff 30 11 12 7 45 5
10 Forest 30 10 12 8 42 6
11 Wolves 30 10 10 10 40 -1
12 Brentford 30 11 7 12 40 -2
13 Q.P.R. 30 9 12 9 39 1
14 Preston 30 9 12 9 39 -1
15 Reading 30 9 9 12 36 0
16 Leeds Utd 30 8 12 10 36 -5
17 Huddersfield 30 8 8 14 32 -4
18 Blackburn 28 6 13 9 31 0
19 Fulham 29 6 11 12 29 -5
20 MK Dons 30 7 7 16 28 -18
21 Bristol City 30 6 10 14 28 -22
22 Rotherham 30 7 4 19 25 -19
23 Bolton 30 4 12 14 24 -21
24 Charlton 30 5 9 16 24 -30
Latest F1 News
Latest Vital Boxing News

Rotherham United  Fixtures (view all)

Feb 13 2016 3:00PM : Birmingham City (H)
Sky Bet Championship
Feb 20 2016 3:00PM : Burnley (a)
Sky Bet Championship
Feb 23 2016 8:00PM : Reading (a)
Sky Bet Championship
Feb 27 2016 3:00PM : Brentford (H)
Sky Bet Championship
Mar 5 2016 3:00PM : Sheffield Wednesday (a)
Sky Bet Championship
Mar 8 2016 7:45PM : Middlesbrough (H)
Sky Bet Championship

Recent Rotherham United  Results (view all)

Vital Members League Table

RankNamePoints
1.herringthorpe388
2.rybel_b385
3.sixpence99
4.mos6041
5.Marky7915
6.Millie Miller14
7.mvmiller9
8.axholme9
9.miller4life5
10.nogginthenog4