Millers 05 Ltd, a group made up of Rotherham supporters, has acquired 86% of their shares from former chairman Ken Booth and wiped out the £3m debt.
The new owners have also agreed a sale-and-lease-back deal for their Millmoor ground and they plan to start building a new stand by the end of 2005.
Rotherham are currently 11 points adrift of safety in the Championship.
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MMIX
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