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Rotherham's future is looking more secure after creditors agreed to the CVA proposal.
79% of creditors accepted what appears to be a 1p in the pound CVA, with a statement on the official Rotherham site declaring:
"Under the terms a new company is formed and they will purchase the assets of the old company. They will then go to the Football League and the Football Association and subject to passing around 16 points they will then have the shares transferred from the old company to the new one.
"At that time the new company can trade but under the terms of the proposal the old company will continue to trade for around six to eight weeks until the share is transferred from the FA and Football League.
"This is a major step and shows we have security of tenure for ten years with the landlord and we are hopeful that we can conclude in the future. The rules state that you have to have security of tenure for ten years but we are hopeful we will get more than that.
"The new company have to pay sufficient to enable the creditors to be paid a penny in the pound and that total claim will have to be paid by the new company. That is a bullet payment a one off payment."
A 1p in the pound CVA will mean Rotherham will pay just £37,500 on a debt of £3.75million. They will start next season with a 10 point deduction, but may yet appeal against the sanction.