Rotherham have been deducted 17 points for their forthcoming season, having come out of administration without agreeing to a CVA but they're not out of the woods just yet.

The Football League have released a statement this evening, where they have offered a deal to Rotherham as part of the handover of the Golden Share which will allow them to take part in the 2008-9 season which starts in just three days time.

 But this is certainly not the end of the matter. Because Rotherham have been forced out of their Milmoor ground, they are looking at playing at Sheffield's Don Valley Stadium for the forthcoming future.

The Football League have only agreed to this on the proviso that the new Rotherham directors stump up a £750,000 bond which will guarantee their return to Rotherham within four years. Failure to do so will see that bond be lost and Rotherham expelled from the Football League.

Whether Rotherham have sufficient funds to come up with the necessary bond is unsure, especially as given they're coming out of administration you'd assume that any funds would have gone the way of paying off the CVA.

They have been given till midday on Friday to agree to this deal. There will be no right of appeal.

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