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Millers suffer points deduction
07 Aug 2008 - 08:13:34
Rotherham United will start the League Two season with a 17-point deduction for failing to exit administration under a Company Voluntary Agreement.
The Millers have joined Luton Town in being penalised by the Football League, with Bournemouth likely to follow suit before the season gets underway.
A statement from the Football League read: "The club will be deducted 17 points for the 2008-09 season. This takes into account the fact that this is the club's second insolvency event in recent seasons.
"The club must provide a legal waiver indicating they will not challenge or appeal this decision.
"The club must undertake to return to Rotherham within four years and provide an irrevocable bond of £750,000.
"This will be forfeited if the club fail to return within that timeframe, as will the club's membership of The Football League.
"The club must pay unsecured creditors the amount offered at the time of the CVA hearing."