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The Parksider

News on Salford

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Spud - the Salford situation is - as Burke says above - very flexible. The Directors debt will be converted to shares but the Bank will want their Guarantees cleared. I would estimate any buyer would have to find a million to square the position and in return look forward to 2 years Sky Income AND a team (which needs strengthening admittedly) on the park. It could be an attractive deal for someone like the Doctor as unlike Horse Racing he will have Guaranteed monies coming in.

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Official Club Notice

Salford City Reds can confirm that the result of this morning’s court hearing was a further adjournment until Monday 4th February 2013.

This additional time has been granted following careful consideration of the current position regarding new investment into the business.

All concerned parties agreed that there was a real possibility that a positive conclusion could be reached and that this would be preferable to the execution of the lodged winding up petition against Salford Football Club 1914 Ltd.

Reds Chairman John Wilkinson said: “Everyone is working every available hour to ensure that the on-going negotiations progress forward into an outcome that secures the future success of the Salford Rugby League Club.

We appreciate what a stressful time this is for staff, players and supporters and thank you all for your patience and understanding.

“What today’s ruling provides is the time needed to secure the investment and we are grateful for the opportunity to do so. One thing is foremost in our minds - Salford’s rugby club must continue for the fans of today to enjoy and for the generations of fans to come.”

The club will endeavour to inform all stakeholders of progress at the earliest opportunity.

Salford City Reds would also like to thank all fans and sponsors who attended yesterday’s pre-season friendly, your support for both clubs was wonderful and was very much appreciated.

Salford City Reds

media release

[Note: this does not appear to have been posted as it is here - the official club statement - although the facts do seem to be generally known.

If you have already seen it somewhere else or before page 5 of this, please let me know and I will ask a moderator to take it off. HJ]

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[Note: this does not appear to have been posted as it is here - the official club statement - although the facts do seem to be generally known.

If you have already seen it somewhere else or before page 5 of this, please let me know and I will ask a moderator to take it off. HJ]

It was on the local BBC news tonight so I would say that its generally known.

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If this comes to pass, I am very happy for Salford and happy that the Manchester metropolis still has a top tier RL team. This news, together with new investors at Bradford, Halifax,Featherstone and Hull KR seems to be heralding a new round of investors interested in the game.

Surely none of us can be too upset at these developments.

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If this comes to pass, I am very happy for Salford and happy that the Manchester metropolis still has a top tier RL team. This news, together with new investors at Bradford, Halifax,Featherstone and Hull KR seems to be heralding a new round of investors interested in the game.

Surely none of us can be too upset at these developments.

Nobody will be certainly not me.

But steady on. You yourself started the "only two restaurants" stuff about Mr. Khan, Mr. Abbot and Mr. Khan have put significant stakes in but again steady boy....

Catalans will turnover £6M this year and win nowt. Fev and Halifax will turn over £1M, will their new investors offerings be adequate to take the clubs significantly forward? Please do explain.

Mr. Larvin wants to lavish £15M on HKR and buy the best players, and the allegedly mega rich Salford owner may flash the cash too. Who do you think they'll buy in and from where to make their bids for Superleague glory.

I'm no pessimist to your optimist, I'm a realist, and this lot will excite me if they spend their money on developing the game of rugby League in their areas and get people watching and kids playing.

There's a real problem lavishing millions of pounds on clubs who can't spend that money on their first team because there's a salary cap, and a distinct lack of quality players.

Sheik Mansoor and Roman Abramovich couldn't make an impact in Superleague.

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Parky

There are so many things to spend money on outside the team at Salford.

Marketing, for one, youth development in the Greater Manchester area, none of these are covered by the cap. generating our own income is a must.

I suspect some deal with Peel for property deals is actually behind this talk but at this stage it really doesn't matter.

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I suspect some deal with Peel for property deals is actually behind this talk but at this stage it really doesn't matter.

I would concur that this could hinge on Peel allowing him on board in their property development plans at Barton. Salford could well be a cheap way in to a lucrative deal. Whatever his deeper motives, it will be great news if it happens as Dr Koukash is very highly regarded in horse racing and puts his money where his mouth is, he's not one for false promises. Fingers crossed it goes through.

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The Arabs are coming

(According to the BBC)

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Parky

1. There are so many things to spend money on outside the team at Salford.Marketing, for one, youth development in the Greater Manchester area, none of these are covered by the cap. generating our own income is a must.

2. I suspect some deal with Peel for property deals is actually behind this talk but at this stage it really doesn't matter.

1. Yes that's what I am inferring. If someone has millions of pounds I'd like them to recognise the potential of the Manchester market for Rugby league which everyone on here tends to agree it's got. I'd like them to develop the game and maybe do that tying in with other clubs around Manchester both semi pro and amateur. I'd like development officers be club funded, and Reds marketed heavily all around the M60. I'd like a modest target to be set and that's an average crowd of 8,000 fans, reaching the play offs at least every other year, winning more home games than they lose, and producing one SL professional a year locally and keeping a few of them at Salford.

Is that too much to ask of any moneybags?

2. Now an ulterior motive has been suggested I'd suspect it WILL be too much to ask, and the saviour may well turn out to be someone who may just "fund the gap between crowd and cap" for as long as the fancy takes, until the whole thing collapses again.

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Salford could well be a cheap way in to a lucrative deal........It will be great news if it happens...

Great for who?

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No jokes about donkeys yet?

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Look at the interest his potential investment has brought. Imagine he does invest, I fully expect the Salford Racecourse to come back on the agenda.

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Look at the interest his potential investment has brought. Imagine he does invest, I fully expect the Salford Racecourse to come back on the agenda.

It just depends if he sees it as a business or a hobby. The problem might be his horses will always come first ( I don't know if they will but you would imagine that would be the case) But I do agree if he invests it will be good for Salford RLFC and the city if he plans to run a RL club and not like I say use the land for another purpose in future.

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use the land for another purpose in future.

Rip down a stadium that's only just been built? I doubt that'd happen.

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why where the club left out the meeting between koukash,peel,salford council & the RFL??

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If this comes to pass, I am very happy for Salford and happy that the Manchester metropolis still has a top tier RL team. This news, together with new investors at Bradford, Halifax,Featherstone and Hull KR seems to be heralding a new round of investors interested in the game.

Surely none of us can be too upset at these developments.

Up to a point, yes. But what I'd much rather see is a clear vision of the future of Super League as mapped out by the RFL with a view to targeting this and other cash towards a more prosperous and sustainable end. At present it's too much of a sack race with no-one really knowing where they stand long-term and desperate clubs chasing after bad money to try to keep up.

Good luck to Salford and I hope this guy comes through. Of all the established clubs they're much the most "investable" I would have thought, with the possible exception of London.

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I always think that the key prerequisite of an investor in our game is that they have so much wealth that spending a million just to get to the starting line doesn't drain their resources significantly. Mr K looks to be precisely in that category to me. I am not sure I fully understand his motivation, but if he sees spin off benefits from running the club well then that'll do for now. I am guessing people spend a fortune on race horses but continue to do so because they can and they get something out of it. Mr K may well tick both boxes. With the cuckoos facing relegation, I'd have thought that the way could be pretty clear for Salford pretty soon to steal a march as primary tenants, too.

Happy days.

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Nobody will be certainly not me.

But steady on. You yourself started the "only two restaurants" stuff about Mr. Khan, Mr. Abbot and Mr. Khan have put significant stakes in but again steady boy....

Catalans will turnover £6M this year and win nowt. Fev and Halifax will turn over £1M, will their new investors offerings be adequate to take the clubs significantly forward? Please do explain.

Mr. Larvin wants to lavish £15M on HKR and buy the best players, and the allegedly mega rich Salford owner may flash the cash too. Who do you think they'll buy in and from where to make their bids for Superleague glory.

I'm no pessimist to your optimist, I'm a realist, and this lot will excite me if they spend their money on developing the game of rugby League in their areas and get people watching and kids playing.

There's a real problem lavishing millions of pounds on clubs who can't spend that money on their first team because there's a salary cap, and a distinct lack of quality players.

Sheik Mansoor and Roman Abramovich couldn't make an impact in Superleague.

Well, the investment cannot hurt. Any income for any RL team anywhere is welcome.

Maybe they have done due diligence and know the score on the Salary cap and have researched how Leeds, Wigan and others fund player developments and intend to do the same. Maybe they are in for the long haul and not instantg gratification trophy winning.

I think you are tending towards the negative there. I also don't think you can write off Catalans. They have established themselves as a semi permanent top six club and we all know hat position the last two champions finished in. I also think it's great that they now have a French coach and a susbstantial number of their squad are French, more than heretofore, so developing players from amateur or local semi pro sources.

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Look at the interest his potential investment has brought. Imagine he does invest, I fully expect the Salford Racecourse to come back on the agenda.

Will the new Salford be a thoroughbred front runner playing in red silks.?

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Up to a point, yes. But what I'd much rather see is a clear vision of the future of Super League as mapped out by the RFL with a view to targeting this and other cash towards a more prosperous and sustainable end. At present it's too much of a sack race with no-one really knowing where they stand long-term and desperate clubs chasing after bad money to try to keep up.

Good luck to Salford and I hope this guy comes through. Of all the established clubs they're much the most "investable" I would have thought, with the possible exception of London.

I couldn't agree more. There is a real need for some long term development plan for RL charting the future course of the whole game from juniors to SL and everything in between and that's the responsibility of the RFL. We need to get a new chief executive with massive talent to sort this out asap.

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I couldn't agree more. There is a real need for some long term development plan for RL charting the future course of the whole game from juniors to SL and everything in between and that's the responsibility of the RFL. We need to get a new chief executive with massive talent to sort this out asap.

that's what you call, hitting the nail on the head.

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