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Last Updated: Thursday, 23 March 2006, 14:51 GMT
Takeover bid set to save Millers
Rotherham United
Cash-strapped Rotherham appear to have seen off the threat of liquidation after takeover package for the League One strugglers was agreed.

A group of Rotherham businessmen have stepped forward with what they describe as "a substantial level of investment" to help out the club.

Rotherham businessman Dennis Coleman and Wickersley-based restaurant owner Dino Maccio are leading the group.

The club needed to raise 1m by the end of March to remain in business.

In February, the Millers launched a desperate appeal for financial assistance to keep the club alive.

For the time being it is important the fundraising continues
Rotherham businessman Dennis Coleman
They have so far raised about 225,000 via the "Save the Millers" campaign, but the funds from the new owners will essentially save the club from liquidation.

Formal handover of the club has not taken place, but the deal has been signed and a new board will be formed, with Millers chief executive Phil Henson resigning on Wednesday.

Coleman said: "As a group we have invested a lot of money in the Millers - but I must stress we cannot do it on our own.

"Fundraising for the Save The Millers Campaign has gone really well and has undoubtedly helped us save the club. For the time being it is important the fundraising continues.

"We want to capture the spirit that has been generated by the fundraising across the Rotherham region. We have had a wake-up call, we do not want to get caught again."

Rotherham designated this Saturday's home game against Bristol City at Millmoor as a "Fans United" day.

They hope that fans from across the country can turn up at Millmoor to support the Save The Millers campaign.




SEE ALSO
Millers planning Fans United day
22 Mar 06 |  Rotherham Utd
Millers still hope to stay afloat
09 Mar 06 |  Rotherham Utd
Trouble at Millmoor
15 Feb 06 |  Rotherham Utd
Rotherham facing uncertain future
09 Feb 06 |  Rotherham Utd


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