DemonUK

In response to the title of this thread. No it hasn't been, it is still there, admittedly below Rugby Union

Really?????? How are they still being allowed to trade. Did WeDo pay the tax and NI onto HMRC as well

IMO, the bridgng loan is the key. If anything they have said is to be believed the bridging loan will release a ton of investment (how? where from?). Without the investment, it sounds like they are replacing a bunch of loans with another

Has the bridging loan landed yet?

So from the latest report I read there is the following quote:- The club say the bridging loan will clear all of the club's debts, which will then unlock money from investors, though it remains unclear what the benefits are for the investment group. Can someone please explain how, if the locked money that will only be released on repayment of all debts, how it can be released when they have just replaced the debts with another debt. I really don't think that is such a stupid question. I am quite willing to be told it is stupid ......... with an explanation Where is our Sun Reporter when we need him

Or in the case of Saints playing Salford - 3 times!!

Why is a 'bridging loan' needed to unlock 'future funding' Text in bold = rumour

Which finance company is stupid enough to keep lending them money. So they are going to get a bridging loan to pay off the debts, then all these investors that are queueing up will invest 2.5 million to just pay off the bridging loan. Who on earth are they STILL trying to kid. Remembering also that the bridging loan will have to cover the running of the club until November.

What is the name of the company with cash in the bank that has allegedly completed the takeover. You know, the one that the RFL has seen clear evidence of the cash. They were so confident they even further advanced Salford £130k of their TV monies early again??) so that the players were covered if the consortium didn't produce the funds. I don't understand that if the cash exists why are they using their personal accounts (wish I had 4k let alone 49k). This has nothing to do with banking regulations. As stated several times in this thread recently, something doesn't seem quite right. Also I wonder if the 'injuries' have cleared up that allowed them some 'dispensation' in their last game seeing as the sustainability cap will still be in place.

That is one word of describing it. You have a proper HATRED of Mr B and all that surrounds him, quite boring really

In the CEOs 'honest' statement it talks about problems around the acquisition of the Club AND The Stadium. Several people have implied they are only interested in the land around the stadium,add to that the Council only just purchased the Stadium. Will the money be released or not while there appear to be delays to the Stadium acquisition. It is perfectly feasible for the investors to be hanging on to the money as they realise the only chance of a return is from the development of the land as opposed to the club. I just find it very odd that a week on the employees have still not been paid. Is it really down to international transfer delays? Personally I think not, but I am happy to be proved wrong when they get paid tomorrow Or am I barking up the wrong tree.......

Think you are being rather generous there Matt.

The company set up on the 11th Feb had Jacobsen Venture Group holding an 80% share and showing as the person in significant control. Posted today is the CESSATION of signifcant control by the Jacobsen Venture Group. What does this mean?

Exactly. Why should Salford get an advantage of playing the game at a later date with a full strength squad (if that ever happens). Feel for the players, however the management at the club have put them in this position, no one else. It would have been so much worse if their begging bowl had not been filled again.

I have seen lots saying its a blame the RFL situation. The facts are not known and will only (possibly) be known after the investigation. Do I believe what was touted by Paul Rowley, sort of, but I suspect he left some pertinent points out. After all Rowley wouildn't lie would he

Agreed. Its like some are saying the RFL should be playing Top Trumps with all clubs team selections and deciding if the teams are a fair match using the Top Trumps scores for each player. It should and does go, are the players registered, are the players banned, are the players cup tied etc.

So has ISIOSAIA KAILAHI done/tried this before? On the 23/07/2023 a company - Salford Stadium Group Ltd was incorporated with the address given the same as the latest iteration (128 City Road, London) which was setup just 7 days ago. However the Salford Stadium Group Ltd was Compulsory Dissolved in December 2024 and shows zero activity. Kaihali had 100% of the dissolved company, whereas Jacobsen Venture Group (same address as above) has 80% in this new company. Would any business experts like to explain what is going on?

All debts cleared. So hopefully that will show as correct when both charges against Salford City Reds (2013) Ltd shortly show as Satisfied.

There is an interview with Paul Rowley in SunSport with the mention of 'Part 1' being expected to go through shortly. How long are they stringing this out? Surely that means any future parts could just be empty promises. IMO the takeover has to be completed in one go. If the money is not yet available for example, it may never be. Sorry but I am going to have to remain as one who is not convinced it will happen. Will be happy if I am wrong, but not wholly surprised if I am right.

Who are 'these'? I am expecting a few posts alluding to 'another false dawn'

40-50 minutes actually

There are lots of assumptions. Have the RFL actually seen the bid, or are they taking Salford (Paul King) at their word. i doubt any Fit and Proper test has been done unless there is a cast iron agreement to buy the SRDs. No idea, I like one or two others think there is no buyer but again an assumption. Maybe they are just trying to get to the CC tie to Cup Tie all their players

A top up yours again from SRD. They are still signing players

Sorry, link error

They don't have to find the 800k right now as someone pointed out, but the investor has to promise to fill that hole found by the RFL over the season. Also I am impressed how leak proof the stated NDA is considering the number of people who have reported on the offer from speaking to Salford or copying another journos piece. I may be on my own here, but I do not think there is a serious investor or a serious group of investors. If I am wrong I apologise but the way this is being carried out is mighty unprofessional. We have so far had 3 promised dates for expected offers to be announced. When it doesn't happen nothing is said by the club. In two weeks time the CC starts and all the players who play for Salford that day will be cup-tied. Have any of the supporter shareholders (there's quite a few) been made aware of the offers made. A devils advocate view from the outside.