Salford fan shares and financial issues.

[Jughead]

Is that not blackmail? Give me your money or I will sell your favourite players. 

[Griff]

5 hours ago, Jughead said:

Is that not blackmail? Give me your money or I will sell your favourite players. 

Er - no.

[Saint Toppy]

Credit to Salford for trying something like this and in wanting to give ownership of the club to the fans but I just can't see how this is going to work for them long term. Even of they reach their targets this year, they'll just have to do the same next year, and the year after etc.

Owning a sports club is expensive unless it has income streams to support itself. Being in essentially what is a rented stadium and having low income from match days then I can't see where the income is going to come from every year for the club to survive at SL level for much longer. How much longer can these fans keep digging into their own pockets to keep the club afloat ?

[tonyXIII]

1 hour ago, Saint Toppy said:

Credit to Salford for trying something like this and in wanting to give ownership of the club to the fans but I just can't see how this is going to work for them long term. Even of they reach their targets this year, they'll just have to do the same next year, and the year after etc.

Owning a sports club is expensive unless it has income streams to support itself. Being in essentially what is a rented stadium and having low income from match days then I can't see where the income is going to come from every year for the club to survive at SL level for much longer. How much longer can these fans keep digging into their own pockets to keep the club afloat ?

Thank you for that reasoned analysis. I agree with your view that it is great that they are trying something, but there are doubts about its effectiveness in the future.

From my pov, it keeps us going in the immediate future, but I do worry about the long-term future of SRLFC. We really need about 50% more fans, however the sporting monoculture of Gtr.Manchester makes this very difficult. (It's actually the reporting of sport rather than people playing sport that creates the monoculture)

[Jughead]

11 hours ago, Griff said:

Er - no.

It certainly sounds that way. 

[Griff]

1 hour ago, Jughead said:

It certainly sounds that way. 

Let me know what the police think.

[Jughead]

49 minutes ago, Griff said:

Let me know what the police think.

You don’t understand do you, bless you?

[The storm]

3 minutes ago, Jughead said:

You don’t understand do you, bless you?

Most rugby league fans are local to the club and can walk to the ground. 

Except Salford which is out in the middle of nowhere

[Gavin Harrison]

This funding model simply is not going to work. It is abundantly clear for all to see.

Expect an exodus of the higher rated players in the very near future.

Given the wins already registered, they are safe this year. Transfer fee money will help pay off the £350k council loan

Time aplenty to restructure & who knows, perhaps make the call to voluntarily step down to the Championship at season end.

There is no other way forward for Salford in my opinion.

 

 

 

[Tommygilf]

22 hours ago, Jughead said:

Is that not blackmail? Give me your money or I will sell your favourite players. 

No its the reality

[WSRD]

3 hours ago, The storm said:

Most rugby league fans are local to the club and can walk to the ground. 

Except Salford which is out in the middle of nowhere

Lets get things straight here, our ground is in Salford, nearby are lots of houses resided in by Salford people and we live in another part of Salford, and we can get to the ground quicker than we could get to the Willows.

And it is not in the middle of nowhere.

 

4 hours ago, The storm said:

Most rugby league fans are local to the club and can walk to the ground. 

Except Salford which is out in the middle of nowhere

 

[Jughead]

1 hour ago, Tommygilf said:

No its the reality

It’s bordering on emotional blackmail, in all honesty. 

[Tommygilf]

2 minutes ago, Jughead said:

It’s bordering on emotional blackmail, in all honesty. 

It's still not blackmail. The man is being honest and upfront with fellow supporters.

[RigbyLuger]

3 hours ago, Jughead said:

It’s bordering on emotional blackmail, in all honesty. 

We're not at the "kids selling bikes" stage yet though.

[Agbrigg]

9 hours ago, The storm said:

Most rugby league fans are local to the club and can walk to the ground. 

Except Salford which is out in the middle of nowhere

I saw a small clip of Sales home game on  sports round up programme. The ground looked rammed I am sure it was Salfords stadium but so hard to recognise when full. If it was their stadium then they don't seem to have any problem packing the place out

[Damien]

11 hours ago, Agbrigg said:

I saw a small clip of Sales home game on  sports round up programme. The ground looked rammed I am sure it was Salfords stadium but so hard to recognise when full. If it was their stadium then they don't seem to have any problem packing the place out

That was their highest attendance for years though and far from normal. Their owner has talked plenty of times about their issues attracting fans.

Edited May 17, 2023 by Damien

[Jughead]

“Here’s a company that will loan you the money to give to us” the latest from Salford. Jesus Christ, it’s getting bad there. 

[Gavin Harrison]

It's going to be like when Covid hit & the club asked fans to 'donate' what they had paid in advance for season tickets & sponsorship rather than take refunds.

Anyone using a credit union probably won't havevthe disposable income to buy match tickets.

 

[LeytherRob]

 

 

[LR23]

While I don’t like the idea, Matt Shaw clutching his pearls about it is classic Matt Shaw. 
 

A number of fans were asking for this but the rate is obviously terrible. People can decide for themselves whether to take it though.

[muckymunksy]

Maybe they should of took Hull Kr 150k 

[RigbyLuger]

51 minutes ago, LR23 said:

While I don’t like the idea, Matt Shaw clutching his pearls about it is classic Matt Shaw. 
 

A number of fans were asking for this but the rate is obviously terrible. People can decide for themselves whether to take it though.

The optics from the outside, no matter who wrong, boil down to "We've signed our star player on a long contract!" also "Take out a loan to keep the club going!"

[DemonUK]

So its "We (SRD) can't get a loan because we have bad credit, so can you please go out and take a loan on our behalf"

Paul King to the board "Its ace this, we can now get a loan AND we will never default on it"

This is absolutely disgraceful and immoral IMO

They have already dsiguised a bucket collection as 'Share Ownership'

Edited May 17, 2023 by DemonUK

[idrewthehaggis]

£200,000 raised so far this afternoon.

Almost 800 co-owners.

Possibly an extra £750,000 could be in coming from various grants due to the nature of the crowd funder, following from Tuesday's meeting between club officials and co-owners.

 

[Gavin Harrison]

5 hours ago, idrewthehaggis said:

£200,000 raised so far this afternoon.

Almost 800 co-owners.

Possibly an extra £750,000 could be in coming from various grants due to the nature of the crowd funder, following from Tuesday's meeting between club officials and co-owners.

 

The £750k is fantasy talk.  Just not going to ever materialise.

Who is next out of the door after Dupree?

Paul King will want to get his house out of hock from the council & there's no other way to raise cash.