A group of Rotherham businessmen have stepped forward with what they describe as "a substantial level of investment" to help out the club.

Rotherham businessman Dennis Coleman and Wickersley-based restaurant owner Dino Maccio are leading the group.

The club needed to raise �1m by the end of March to remain in business.

In February, the Millers launched a desperate appeal for financial assistance to keep the club alive.

For the time being it is important the fundraising continues Rotherham businessman Dennis Coleman

They have so far raised about �225,000 via the "Save the Millers" campaign, but the funds from the new owners will essentially save the club from liquidation.

Formal handover of the club has not taken place, but the deal has been signed and a new board will be formed, with Millers chief executive Phil Henson resigning on Wednesday.

Coleman said: "As a group we have invested a lot of money in the Millers - but I must stress we cannot do it on our own.

"Fundraising for the Save The Millers Campaign has gone really well and has undoubtedly helped us save the club. For the time being it is important the fundraising continues.

"We want to capture the spirit that has been generated by the fundraising across the Rotherham region. We have had a wake-up call, we do not want to get caught again."

Rotherham designated this Saturday's home game against Bristol City at Millmoor as a "Fans United" day.

They hope that fans from across the country can turn up at Millmoor to support the Save The Millers campaign.