Unfortunately from a Walsall point of view the deduction won’t be until next season.Whilst no one would wish ill of the Millers, those fans of the relegation threaterned MK Dons, Walsall, Hartlepool, Swindon, Yeovil etc can’t but help the money given has contributed to there own down fall. However the fact is it is results on the pitch which have got these clubs in the positions they are in…the league table rarely lies.
The story circulating reads as
Rotherham have announced that they are seeking a voluntary arrangement with their creditors to keep the club alive.
Despite recent investment from local businessmen, the club still owe more than £500,000.
Millers chairman Denis Coleman told BBC Radio Sheffield: ‘This is to stop the club going out of existence and we’re confident it will be agreed.’
If the propsal is agreed at the creditors meeting on 5 May, a ten-point deduction will be enforced next season.
Last month a group of Rotherham businessmen, headed by Coleman, stepped forward with an investment pacakage that the club had hoped would see off the threat of liquidation.
But with the financial position at the club worsening after the Inland Revenue issued a winding-up petition, the club have moved for a voluntary arrangement to avoid going out of existence.
Coleman added: ‘What we’ve done today is not liquidation, it’s not administration, it’s a company voluntary arrangement
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