Rotherham United today postponed the creditors meeting to discuss a Company Voluntary Arrangement. The meeting will now take place on Tuesday 9th May.
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.
Those present noted the lengthening of Mr Coleman's nose as he spoke.
The CVA, if approved by creditors, will under Football League rules trigger a ten point penalty. Presuming Rotherham United stay up this season they will start in League One next season on minus ten points if the penalty is not reduced on appeal. Of course should the Millers be relegated tomorrow their attempts to manipulate the system could come back to bite them, though the club appears to believe that if they then don't appeal the points would be deducted from this season. If so the rules as drawn up by the Football League are a shambles, simply inviting this squalid charade of deliberately timing administration to a particular day.
Forgotten in all this are the creditors, rumoured to be facing a 1% payment, amongst whom, if the Darlington mess is any guide, will be many small local firms and self-employed people whose businesses will go to the wall, charities like St Johns........ as well as the tax man for whom it is all too easy not to feel sympathy. And doubtless sometime in the next months Rotherham will open their brand new stand to great fanfare and self congratulation.
Ciderspace has nothing against the Millers as such, but we are heartily fed up with football clubs being run by incompetent morons who then just walk away from the trail of destruction left in their wake. Not only are many innocents around them caught up in the devastation, but they are 'cheating' other clubs who are doing their best to operate properly. If Rotherham stay up we have every sympathy for fans of the club who goes down instead should they wonder just what they might have done if they'd spent some of the money belonging to other people on better players than they could otherwise afford?
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