Rotherham United may only have a matter of weeks to find a way around a £1m funding gap or the club is likely to cease trading and drop out of the Football League.

Employees have been told of the seriousness of the situation at a series of meetings overnight and today at Millmoor.

The Football League has been officially informed and the club, which is currently losing £140,000 a month, is being advised by experts in insolvency, to try to save the situation.

They need to find £1m to keep going until the end of the season and up to a further £1m, based on current estimates, to get to to next season and beyond.

Chairman Peter Ruchniewicz said: “We are sorry to have to tell you that the club’s financial position has entered a critical phase and there is the very real prospect that the club will be advised to cease trading within the next few weeks unless within that time we can find credible individuals with sufficient savings additional funding to take it forward.

Heaven forbid, but if the club does cease trading it is likely to go straight into liquidation - it seems unlikely it could go into a formal administration given its limited resources and the level of funds and assets required. This would mean that the club would go out of existence, a thought too dreadful for any of us to contemplate but nevertheless a very real possibility.”

How does that effect Walsall?

Well, if they go into administration, they get deducted 10 points and we aren’t really effected, with them being below us anyway. If they go into liquidation, however, their results from this season will be expunged from the record and guess which team lose out the most? Yes, you guessed it! The League table would then look like this:-

Yeovil 36pts
Port Vale 35pts
Scunthorpe 35 pts
Doncaster 34 pts
Bristol City 32pts
Hartlepool 32pts
——————-
Swindon 31 pts
Walsall 29 pts
MK Dons 26pts
Rotherham RIP

Come on, you Millers!