Football League chiefs met in London to decide the Millers' points penalty after they broke league rules during the 2007-08 campaign.
League officials have also given the South Yorkshire club permission to carry on playing their home matches at the Don Valley Stadium in Sheffield provided a �750,000 bond is paid and they guarantee their return to Rotherham within four years.
Failure to do so will result in the bond being lost and Rotherham being thrown out of the Football League.
The Football League released a statement on their website outlining four rules which Rotherham must adhere to.
It read: 'The club will be deducted 17 points for the 2008-09 season. This takes into account the fact that this is the club's second insolvency event in recent seasons.
'The club must provide a legal waiver indicating they will not challenge or appeal this decision.
'The club must undertake to return to Rotherham within four years and provide an irrevocable bond of �750,000.
'This will be forfeited if the club fail to return within that timeframe, as will the club's membership of The Football League.
'The club must pay unsecured creditors the amount offered at the time of the CVA hearing.'
Meanwhile fellow League Two side Bournemouth will learn their own fate tomorrow after the Football League board were 'not yet satisfied' over the viability of their new proposed takeover.
The Ruf, The Ruf, The Ruf is on Fire!!
They are in the sh*t because of woeful mismanagement, secrecy and rip offs by previous managers/owners who as you say and nothing to do with them now. What sanction is there against them destroying the hopes of local fans? Little can be done.
Yet the good new owners, the fans and great professionals like Don Hutchinson have been slapped with a ridiculous barrier. I dont believe fans of other clubs want to see this either....sympathy for the clubs in trouble is strong especially for Luton.
30 points is almost impossible to make up.
But the irony is that Luton may survive because the bottom two places might be Bournemouth and Rotherham who will also have large deficits and have a weaker base for the coming season. I dont expect Rotherham to survive actually (Halifax here we come). Lutons big hope is their good youth system and some excellent youngsters coming through (hence Hutchinsons offer being some welcome).
The Ruf, The Ruf, The Ruf is on Fire!!
Bournemouth turn out to be the most fragile of the three clubs...the League are still not really satisfied there are enough funds there to meet the requirements they have set. Bournemouth and Rotherham may yet both fail. I do believe Luton will make it with the way things are going.
My friends in UK tell me that at least another 8 clubs are in near similar strife....so the story isnt over yet. (Macclesfield, Bury, Bristol Rovers, newly relegated Mansfield, are some of the names mentioned...).
The Ruf, The Ruf, The Ruf is on Fire!!
The Ruf, The Ruf, The Ruf is on Fire!!
