Basically, here's some facts and figures for you. The club owe the Inland Revenue a six figure sum because we have not been paying them PAYE returns fully. This is seen as the catalyst for the recent crisis along with the Campbell-Ryce deal. The Revenue can and will issue a 7 day winding-up order against the football club if we do not pay up our returns by 19th of this month. Rotherham United owe around £77,000 for the month ending 28th February and £630,000 in total.
Onto RUST's delivery of the model to save the club, which involves the fans and local businesses, and anyone else keen to help. The proposal is set out to span over a two year minimum period in order to keep the revenue at bay and give us breathing space, whilst generating a steady stream of income. Each fan is asked to inject money each month from their salary through a standing order. An example of 1,000 people giving £25 a month was suggested, although this can be broken down into donations such as £5, £10, and so on. The idea is that the proof of this monthly source of income should be enough to aid the club in gathering potential ideas for other fundraising activities, whilst keeping the tax people at arms length.
To add to the business plan, there are thought to be several businessmen of 'substantial means' that could be willing to put money into the club if this scheme is taken up by a meaningful amount of fans. Money generated from this can be used to finish off the corporate facilities in the new stand to generate other methods of investment and income on non-matchdays. There was also a discussion on ITV digital, the case taken up by the Football League's lawyers is thought to stand a very, very good case, but if successful at the first hurdle an appeal would be likely and a result may be upto a year forthcoming. However, this would give the club an injection of FOUR MILLION POUNDS.
The meeting concluded at 9.45pm with thanks given to those in attendance.