posted on Feb, 11 2006 @ 10:00 AM
Buying shares isn't an option as there are only a few clubs who are PLC's and RUFC aren't one of them.
AMM, I'm astonished that you have heard of Rotherham United as we have never played in the top tier of English Football, but we have got a long and
proud history, the club was formed under the name Thornhill United in 1870 (Thornhill is a district of Rotherham and the name changed as the club grew
in the early 1900's).
In a nutshell the situation is this, the ex chairman and club owner, now in his 80's, decided to quit at the end of last season, a group of fans who
are relatively monir businessmen then took over to keep the club alive as Mr Booth was going the shut it down and sell the ground for development,
however Mr Booth still kept ownership of the ground in payment of a £3million debt that the club owed him (yes, his own club). This means that the
club is now operating entirely on the proceeds of gate reciepts and owns no assets, though it still plays at the ground which it now rents from
The new board realised that new income streams needed to developed to make the club a viable company and to that end grants were obtained to pay for a
new stand to be built which incorporates facilities, like a restaurant and such like, which can earn money every day rather the 'once a fortnight'
that football brings in. Unfortunately the club needs to raise enough money to stay in business long enough for the new stand to be completed
(September) and may be forced to close in the next few weeks as not owning the ground means they have no equity to borrow against and also would not
be allowed to enter 'administration', the safety net by which many other football clubs have survived. However income from the stand would meran
this situation can be avoided in future, but they REALLY need help to reach September.
Thats the reason for the current 'Millers Aid' appeal. Please help in any small way if you can.
Roman Abramovich has donated £20k and also urged anyone else who can easily afford suchg a sum to do the same. This is a marvellous gesture by
someone for whom Rotherham does not even appear on the radar and I hope some others will be inspired to help too (but not £20k obviously, even £5
(about $9US) will be gratefully recieved by the Millers.
Thank you anyone who took the trouble to read this and thank you again if you contributed too.