Tits up for Rotherham means tits out for us?

[yeo]

You lot make me sick.

The death of a football club is massive thing that effects more people than just Rotherham fans .If it was some C list Tv star this would be a 5 page thread of 'RIP' and 'im shocked ,stunned and in tears ' bullshit.

[Dazzza]

I don't think anyone here wants to see them deliberately go bust Yeovil, steady on!

[yeo]

Yes you all do..

Especially you I can tell..


cunt

[Dazzza]

Fuck it I'll sign the winding up order myself.  :twisted:

Anyone know why they haven't gone into admin?  Many of their sites seem to gleam over it as not an option as the club are running at a loss.  

But surely every business that goes into admin is being run at some sort of a loss!

Cynical Texas Pete may think they are attempting to restructure debts outside of administration and thus avoid a ten point deduction.

[Iffy's Onion Bhaji]

they need another million in close season as well so whats the point? and they will be docked 10 points and then they will be down

[Simon Pieman]

Fuck it I'll sign the winding up order myself.  :twisted:

Anyone know why they haven't gone into admin?  Many of their sites seem to gleam over it as not an option as the club are running at a loss.  

But surely every business that goes into admin is being run at some sort of a loss!

Cynical Texas Pete may think they are attempting to restructure debts outside of administration and thus avoid a ten point deduction.

You can only go into admin if there is a reasonable chance that admin will sure up the company and they will come out of it better. Basically it has to be proven that administration is better than liquidation. Obviously it looks really bad at Rotherham.

[Iffy's Onion Bhaji]

tbh i can see this being us in 2 years time  :-))(

[DMR]

Frankly I'm more bothered about us... charity starts at home and all that.

If they go bust and that keeps us up then good fucking riddance.

Sorry.

[Simon Pieman]

Frankly I'm more bothered about us... charity starts at home and all that.

If they go bust and that keeps us up then good fucking riddance.

Sorry.

Yeah. Good for the short term, but unless the underlying problems are sorted out in the game then we could be one of the next ones.

[Dazzza]

Fuck it I'll sign the winding up order myself.  :twisted:

Anyone know why they haven't gone into admin?  Many of their sites seem to gleam over it as not an option as the club are running at a loss.  

But surely every business that goes into admin is being run at some sort of a loss!

Cynical Texas Pete may think they are attempting to restructure debts outside of administration and thus avoid a ten point deduction.

You can only go into admin if there is a reasonable chance that admin will sure up the company and they will come out of it better. Basically it has to be proven that administration is better than liquidation. Obviously it looks really bad at Rotherham.

Cheers Si.

But if they are attempting to pay the debt anyway wouldn't a period of administration provide Rotherham with the protection and time to restructure debts without staring down the barrel of a winding up order and yet still meet the rules for admin?

Aside from the Inland Revenue I wonder who their creditors are.  Their previous chairman, a life long Rotherham fan, owns the ground and stadium so it would be interesting to see who and exactly how much they owe.

[Simon Pieman]

Fuck it I'll sign the winding up order myself.  :twisted:

Anyone know why they haven't gone into admin?  Many of their sites seem to gleam over it as not an option as the club are running at a loss.  

But surely every business that goes into admin is being run at some sort of a loss!

Cynical Texas Pete may think they are attempting to restructure debts outside of administration and thus avoid a ten point deduction.

You can only go into admin if there is a reasonable chance that admin will sure up the company and they will come out of it better. Basically it has to be proven that administration is better than liquidation. Obviously it looks really bad at Rotherham.

Cheers Si.

But if they are attempting to pay the debt anyway wouldn't a period of administration provide Rotherham with the protection and time to restructure debts without staring down the barrel of a winding up order and yet still meet the rules for admin?

Aside from the Inland Revenue I wonder who their creditors are.  Their previous chairman, a life long Rotherham fan, owns the ground and stadium so it would be interesting to see who and exactly how much they owe.

Don't know really it's up to the courts. I guess they might be thinking if they go into admin and come out of it then there's a good chance they could still go bust effectively any form of payment to creditors, because more than likely loads of the clubs assets would be sold.

[Simon Pieman]

Plus they've got to pay the administrator firstly and might not even have enough to do that.

[pauld]

The reason their chairman has given for not being able to go into admin is that having taken advice from insolvency practitioners, they would not be allowed to as they would be trading at a loss, which the administrator cannot legally permit. So liquidation is their only option.

[flammableBen]

I hope they sort it out. We know what it's like to be in a similar situation.

As soon as one league club goes bust I've got a feeling it will open the gates for more to follow suit. More of a selfish reason for hoping their survival but as soon as theres a modern precedent for league clubs dropping out of existence I could see us as as being a club that follows suit.