Tony stewart has pumped £35 million into rufc.

[leedsmiller]

I'm no accountant but my understanding of the situation is that ASD Lighting Holdings Limited is a non-trading company incorporating Rotherham United Football Club (RUFC) Limited and ASD Lighting plc. Accounts show that RUFC leases assets from R U Estates Limited, a company whose sole asset is NYS, amounting to just over £1m per annum. All the companies are owned by Tony Stewart, or perhaps it's more correct to say A R Stewart is a Director of those companies.

I'm not sure if all the £1+m paid by RUFC is classed as rent but a substantial proportion must be. Neither do I know what TS's long term aims might be. He could, for example, bequeath NYS to Rotherham United once his investment has been repaid giving us a wholly-owned asset. But why should he.

As things stand there is no Rotherham United outwith the control of TS, no independent assets, nor resources. If people see that as us being 'done up like a kipper', maybe, but isn't it a price worth paying for enjoying our football in the NYS? Obviously, questions can be raised about uncertainties beyond TS but... who knows.

As I said, I'm no expert, so if anybody can add anything to this by way of clarification or repudiation...

[PokerMillersSwinton]

So lets say he put 20 million up for the stadium.. Thats a asset and lets say 8 million in sponsorship witch cost money anyways and its for his main company .Total 28 million .The rest on propping up wages bills ect. So really hes put 7 million in .Like a previous poster pointed out the company has made money in some seasons, and nobody has put 35 m in according to the accounts .Its like me saying i bought a house and put 150 k in .Iam very grateful as 99.9% of Millers are but some of his statements seem to be clearly a bit off. Just like the "oh we will break a million transfer this season" I will continue to buy my season tickets and travel round the country because its more than life for me this club .Its never easy been a Miller is it !

[hotun]

Apologies it's Joan….

Yep thats it born and lived next street to me.

[hotun]

Jolly do not think you will ever get access to that kind of information,and I ask you in all honesty do you really need to.I cannot ever remember a time when we as fans were told much about the finances of the club,and I doubt if any other club tell their fans very much,my pal Pete Waller is quite worked up about the state of the club but I bet he would not welcome anyone nosying about his business,and neither would anyone else,Pete is an exception though as he posts under his real name.

[PeteWaller]

Jolly do not think you will ever get access to that kind of information,and I ask you in all honesty do you really need to.I cannot ever remember a time when we as fans were told much about the finances of the club,and I doubt if any other club tell their fans very much,my pal Pete Waller is quite worked up about the state of the club but I bet he would not welcome anyone nosying about his business,and neither would anyone else,Pete is an exception though as he posts under his real name.

Hotun RUFC doesn't deserve you.

In summary, the main gripe is that TS has said daft stuff and raised fans hopes. His statements have contained some untruths or embellishments. Stop that sort of claptrap and every fan can deal happily with supporting the club. We are masters at supporting no matter what. It is in the blood.

Fed up of the TS saga, so for me, I shall try and ignore owt to do with the subject and concentrate on what I see on the pitch. It's been depressing all of this stuff so let's try and lift the dark cloud eh?

By the way Hotun, I have no objection to anyone seeing my accounts. Business acquisition firms do it all the time. They are in the public domain, just like those of RUFC. That's how it is in this country and how it should be. Accounts only give a snapshot of a business on one day of course. Our turnover which consists of fees amounts to just over £1 million and as such we only need to post abbreviated accounts rather than full audited version. But they are there for anyone to see. Accounts don't state the whole story by a long way but by looking at them, a person can get a feel for things. I live my life in a totally open way and as you say, I post under my name. I having nothing to hide and my opinions are honest and sometimes maybe too passionate but that's not a crime. I hopefully don't offend anyone and if I ever have, then I apologise. I don't like keyboard warriors of course but that's different to having an opinion that others simply don't agree with. In the main, I enjoy MM but I haven't liked the TS saga.

Anyway, TS? Who the hell is TS? Never heard of him.

[hotun]

Understandable reaction from fans who got carried along with the TS dream and now its in disarray,but some of the stuff being bandied about on here is disgraceful.OK TS has made mistakes but when the dream was alive most of us loved the roller coaster ride.After the great day last season at MK DONS,we all expected and wanted more,but now because of anything you want to mention the dream is on hold,but we will be back,patience and loyalty from the fans and honesty from the club is the medicine for recovery.

[gm_gm]

Looking at this with perspective Tony Stewart via his companies has probably put in 35m. The sponsorship amounts will be ASD, I'd be amazed if sponsored RUFC personally, the ground is owned by RUFC estates and the money spent on this project has been swapped for an asset worth I would imagine the same or more if sold. Also if TS did step down he could keep the ground and rent it to generate an income, not sure what the football club is worth but on balance if he sold up I don't think he would be out of pocket.

[Yak]

To be fair to supporters.Some are just questioning how this figure came about. A lot of people on here and other forums hold financial positions in their jobs. Some have indicated that they have written business plans before. Some are company owners themselves.

None of these people I talk of were approached by the council in an attempt for them to take over the ownership of club but that doesn't stop them having good basic business sense. Neither does it make them fickle supporters for raising points they see as incorrect (a bit like my spelling).

A lot of the frustration comes from the inactivity of the NYS project which through RMBC has given cause for concern in regards to the inability of RU Estates to raise the funds needed for their part of the flood defences around the stadium.
The lack of investment in the car park pops its head up now and then as men in yellow jackets are seen walking arround with spray cans now and then.

The threat to British Heritage regarding the Guest and Crimes building raised hope of the matter being resolved came with a cheer from fans but the 16 months threat of an invester that Tony Stewart had waiting in the wings walking away seems to have died down. No communication on that matter.

The empty units around the ground which most fans can see as a wasted opertunity to raise income still goes on.

The £3m sponsorship of ADS holdings may be tax deductable and a question needs to be asked if it his own personal money or his limited companies money of which the other shareholders may well be part of that investment.

Most of what I have written are things that have been asked on forums like this for a good few years now. There is nothing new in it apart from Tony Stewarts defence of his spending.

Let's say I have bought a house for £100k I haven't spent £100k. It'll cost me alot more than that in mortgage repayments. In the house I decide to put it up for rent. I charge the renter the same as it costs for my mortgage repayments so in 20 years the house is mine.
I've got a house for free worth £100k and it hasn't cost me a penny.

Every Rotherham United fan is grateful to Tony Stewart for what he's done for the club but no one deserves to be called fickle for asking questions.

Frog

No one is fickle for asking questions but they are fickle because they are rubbishing TS st every opportunity without looking at the bigger picture imo.

To call TS a liar and other stuff which I've already listed is showing a clear lack of respect and a basic understanding of what has been achieved.

Yes ask questions and yes challenge stuff but don't disrespect a man who has done so much for our club.

UTM

[aussiemiller]

Frog

No one is fickle for asking questions but they are fickle because they are rubbishing TS st every opportunity without looking at the bigger picture imo.

To call TS a liar and other stuff which I've already listed is showing a clear lack of respect and a basic understanding of what has been achieved.

Yes ask questions and yes challenge stuff but don't disrespect a man who has done so much for our club.

UTM

Agree 100% Yak

[rileyev.the.third]

Frog

No one is fickle for asking questions but they are fickle because they are rubbishing TS st every opportunity without looking at the bigger picture imo.

To call TS a liar and other stuff which I've already listed is showing a clear lack of respect and a basic understanding of what has been achieved.

Yes ask questions and yes challenge stuff but don't disrespect a man who has done so much for our club.

UTM

Totally agree Yak. Good post.