RUFC CREDITORS MEETING POSTPONED

Last updated : 05 May 2006 By Bigrich.....
The club released the following press release this morning:

Officials from Rotherham United are now set to meet with the club's creditors on Tuesday (9th May) to discuss the Company Voluntary Arrangement proposed by Chairman Denis Coleman and the board of Directors.

The club are seeking the voluntary arrangement with its creditors to provide a long-term future for the Millers.

The move, if approved by creditors, will, under Football League rules trigger a ten point penalty.

This penalty will be subject to an appeal by the Club and will mean that if Rotherham United stay up this season they will start in League One next season with a ten point deduction.

Millers Chairman Denis Coleman said: “The process of preparing the CVA has taken longer than expected and therefore we have had to postpone the meeting until Tuesday.

“I would like to take this opportunity to thank everyone for all their efforts to date and hope that together we can ensure that the Club is still playing league football next season.”

The Millers new board have warned that if the CVA proposal is not accepted then there will be no other option but to liquidate the club and go out of existence. However, discussions have been held with a number of main creditors and as a result the Club is confident the proposal will be accepted.

Rotherham United's crucial fixture on Saturday against the MK Dons is a sell out.
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