Salford financial issues(again…)

[dkw]

2 hours ago, Stanley30 said:

Well the rfl family it getting what is wanted. Rid of salford, cheers for all the support 

Point out any poster in here that has ever said they want rid of Salford, just one will do.

[Dave T]

https://www.thesun.co.uk/sport/33843197/rugby-super-league-salford-wembley-money-crisis/?fbclid=IwY2xjawJAuoBleHRuA2FlbQIxMQABHc-tOxVVLCCtG5JbsZg6TzHApYX8JGl_sIDvmvpZvkpYNN2Wu9XVkbvxtw_aem_sZstGavkGAfpBjvsZxiACQ

 

[Bull Mania]

https://www.thesun.co.uk/sport/33843197/rugby-super-league-salford-wembley-money-crisis/

I remember reading this type of ###### from Gledhill when we were going through the same torture Salford fans are. As a fan you're desperate for any good news to cling on to when you're on the cliff edge. Difference being Gledhill is a gob **** on twitter who somehow triggers most of the RL Media. Carter's a rugby league correspindent for a national newspaper. He should be leaving his love of Salford at the door. 

Im no finance expert butIt is not normal that the new owners of Salford can only transfer £49k a day because of the overseas bank rules. This isn't transferring a mate money on your phones banking app. Maybe I'm naive and business deals between Australia and UK over £100k have never happened. Stop portraying it as legitimate excuse. 

Oh and the fact Salford were in such a bad state was a surprise!!? 

[Dave T]

2 minutes ago, Bull Mania said:

https://www.thesun.co.uk/sport/33843197/rugby-super-league-salford-wembley-money-crisis/

I remember reading this type of ###### from Gledhill when we were going through the same torture Salford fans are. As a fan you're desperate for any good news to cling on to when you're on the cliff edge. Difference being Gledhill is a gob **** on twitter who somehow triggers most of the RL Media. Carter's a rugby league correspindent for a national newspaper. He should be leaving his love of Salford at the door. 

Im no finance expert butIt is not normal that the new owners of Salford can only transfer £49k a day because of the overseas bank rules. This isn't transferring a mate money on your phones banking app. Maybe I'm naive and business deals between Australia and UK over £100k have never happened. Stop portraying it as legitimate excuse. 

Oh and the fact Salford were in such a bad state was a surprise!!? 

The important line in the article was about the investors being spooked by the state of the Rugby clubs finances.

[LeeF]

10 minutes ago, Bull Mania said:

https://www.thesun.co.uk/sport/33843197/rugby-super-league-salford-wembley-money-crisis/

I remember reading this type of ###### from Gledhill when we were going through the same torture Salford fans are. As a fan you're desperate for any good news to cling on to when you're on the cliff edge. Difference being Gledhill is a gob **** on twitter who somehow triggers most of the RL Media. Carter's a rugby league correspindent for a national newspaper. He should be leaving his love of Salford at the door. 

Im no finance expert butIt is not normal that the new owners of Salford can only transfer £49k a day because of the overseas bank rules. This isn't transferring a mate money on your phones banking app. Maybe I'm naive and business deals between Australia and UK over £100k have never happened. Stop portraying it as legitimate excuse. 

Oh and the fact Salford were in such a bad state was a surprise!!? 

In a competitive field of gullible and tame journalists Carter is currently lengths ahead

[LeeF]

9 minutes ago, Dave T said:

The important line in the article was about the investors being spooked by the state of the Rugby clubs finances.

As some originally thought the deal wasn’t really about the club but about property investors getting their hands on some land to make a few quid for themselves 

[Bulls2487]

3 hours ago, Stanley30 said:

Well the rfl family it getting what is wanted. Rid of salford, cheers for all the support 

What does this have to do with the RL family?

If the new owners are serious about the club they need to put the money in

Let's blame everyone else without looking at the real problems

 

[Tommygilf]

34 minutes ago, Dave T said:

The important line in the article was about the investors being spooked by the state of the Rugby clubs finances.

Which further suggests that A) they don't actually have huge sums of money to invest, B) they weren't told everything from the Salford administration they "bought out", C) the entire thing has not been well thought through.

I don't understand their buy the land then the club approach, or see why Salford Council would ever accept that? Even then, this article says they were looking at April/May to buy the club, so why at the start of Feb was a takeover announced and King removed from the board? 

I do feel sorry for Salford fans. Koukash wanted to rush things too quick. Paul King and the "fan ownership" was clearly a sham built on a wing and a prayer scraping money from wherever they could. They've been gambling for years and now someone is calling them in.

The 2 situations this reminds me of are Bradford Bulls, particularly the Gledhill led delusion journalism approach. Secondly it's a bit GFH Capital at Leeds United, nobody knows who they really are beyond the front men, they appear to be the only Arabs with no money (or in this case Swiss banking consortiums) and everything across the board is shrouded in layer of opacity. In both cases the fans were deliberately kept away from the truth.

I think what this comes down to is the new owners not having the money they said, certainly not readily available; Salford's continued pisstaking of the RFL losing them (and indeed Johnson at the RFL) all wider support; and a total lack of honesty, clarity and leadership at the club about what the business plan actually is. 

[Wollo Wollo Wayoo]

54 minutes ago, LeeF said:

As some originally thought the deal wasn’t really about the club but about property investors getting their hands on some land to make a few quid for themselves 

 

On 17/02/2025 at 23:53, Wollo Wollo Wayoo said:

I wonder if the cash input to Salford is more akin to a one off payment linked to the surrounding land deal, similar to Wakefield's (Newmarket) and Castleford's (Axiom).  Lump sum that clears the debts with a bit to spare but no real interest in getting involved in continued backing?

[Quinskolar]

The land surrounding the ground is potentially very valuable. When Salford CIty nearly bought in, the land was a big factor. Would not surprise me if the 'new owners' were more interested in the land than the club. I wonder if the old deal that the Council 'reneged' on is back on the table, whereby the football club move in and the Red Devils end up at Moor Lane? 

[sweaty craiq]

Are RL  fans really that commercially inept as to think the sale of Salford Rl wasnt a biproduct of the land and not the other way. MY spider sense says the land was discounted by whatever the clubs debts were by the council to allow them to wipe their hands of the hole they had dug.

[The Masked Poster]

1 hour ago, dkw said:

Point out any poster in here that has ever said they want rid of Salford, just one will do.

People have been critical of Salfords behaviour whilst hoping for the best, mainly so the fans don't suffer yet more despair. I can't think of anyone who has enjoyed this farcical episode. 

[Celtic Roosters]

23 minutes ago, Quinskolar said:

The land surrounding the ground is potentially very valuable. When Salford CIty nearly bought in, the land was a big factor. Would not surprise me if the 'new owners' were more interested in the land than the club. I wonder if the old deal that the Council 'reneged' on is back on the table, whereby the football club move in and the Red Devils end up at Moor Lane? 

I've lived in Salford all my life. A ground swap with the football club would be devastating for both clubs. Salford is a big City and the football fans, mostly Broughton based, won't want to travel to Barton. Certainly wouldn't be easy by public transport. They would have to go into Manchester City centre first. Easier to go to Man City.

[Celtic Roosters]

17 hours ago, The Masked Poster said:

So why do you use such pointless terms as Super Greed and claim it's a rich mans game? Don't you think our players deserve way more money than they get?

Presumably you are a Rugby Union supporter from the 1890's.

I have used the term Super Greed since I gave up watching it 25 years ago. It winds people up. I don't deny any player the money he earns playing RL. I just wish it was shared out fairer with all the players - not just the Super Greed players. I have watched about half a dozen union matches at various levels but I just can't take to that game. I don't knock it but it's not for me.

[Worzel]

1 hour ago, Bull Mania said:

https://www.thesun.co.uk/sport/33843197/rugby-super-league-salford-wembley-money-crisis/

I remember reading this type of ###### from Gledhill when we were going through the same torture Salford fans are. As a fan you're desperate for any good news to cling on to when you're on the cliff edge. Difference being Gledhill is a gob **** on twitter who somehow triggers most of the RL Media. Carter's a rugby league correspindent for a national newspaper. He should be leaving his love of Salford at the door. 

Im no finance expert butIt is not normal that the new owners of Salford can only transfer £49k a day because of the overseas bank rules. This isn't transferring a mate money on your phones banking app. Maybe I'm naive and business deals between Australia and UK over £100k have never happened. Stop portraying it as legitimate excuse. 

Oh and the fact Salford were in such a bad state was a surprise!!? 

I've called Carter out on Twitter for the fact he's willingly accepted the "only move $100k per day" line from the club owners. It's absolute nonsense. All he needs to do is phone a banker and they'll tell him. Indeed, he just needs to run it in ChatGPT!

I've had an Australian company as a subsidiary of a UK business, we moved more than $100k all the time, in both directions. I've also relocated down under, and back, and done the same in a personal banking context, so even if they don't have a business account it's just nonsense. Yes you can't just move it on your phone app, and there's a process to follow with rigour and checks etc etc, but it happens all the time. 

[Archie Gordon]

Is there any truth in the latest rumour?

Shedding the Red Devils brand to relaunch as the Salford 49ers?

Edited March 14 by Archie Gordon

[Derwent]

2 hours ago, Dave T said:

https://www.thesun.co.uk/sport/33843197/rugby-super-league-salford-wembley-money-crisis/?fbclid=IwY2xjawJAuoBleHRuA2FlbQIxMQABHc-tOxVVLCCtG5JbsZg6TzHApYX8JGl_sIDvmvpZvkpYNN2Wu9XVkbvxtw_aem_sZstGavkGAfpBjvsZxiACQ

 

No explanation of how they intend to fund the stadium and land purchase in there, its only the small matter of around £40 million that they need to find.

According to the last COSCOS accounts the stadium was valued at £15.7m and the land £15m, but there is outstanding mortgages and loans on them to the value of £38m. 

Edited March 14 by Derwent

[Henson Park Old Firm]

8 minutes ago, Archie Gordon said:

Is there any truth in the latest rumour?

Shedding the Red Devils brand to relaunch as the Salford 49ers?

That's must be a joke?

[RigbyLuger]

1 hour ago, Bulls2487 said:

What does this have to do with the RL family?

If the new owners are serious about the club they need to put the money in

Let's blame everyone else without looking at the real problems

 

They gave a round of applause to the CEO who over saw it. If you'd chucked tomatoes at every CEO who did the same at Odsal, they'd still be cleaning up the stock car track!

[dboy]

5 hours ago, Stanley30 said:

Well the rfl family it getting what is wanted. Rid of salford, cheers for all the support 

It's really not the case that the "RFL family" want rid of you, or hate you - it's more the fact that your parents (owners) don't actually love you.

That's the problem.

[Wakey Til I Die]

3 hours ago, LeeF said:

They got this months funding last week to pay the wages of the players who played in last weeks game

Yeah i read about that one but has that happened every month? I think from memory the years payments start from December to coincide with the timings that player contracts run. So if they’ve had payments every month on top of the advance then they’ve already burned through a million quid of this years money. All the season ticket money and merch sales will be gone. With a land deal that will take many months it’s hardly surprising the investors have got cold feet.  

[Archie Gordon]

37 minutes ago, Henson Park Old Firm said:

That's must be a joke?

Yeah. I gave it a go. It's fallen very flat.

[Dave T]

37 minutes ago, dboy said:

It's really not the case that the "RFL family" want rid of you, or hate you - it's more the fact that your parents (owners) don't actually love you.

That's the problem.

I think you could have broken that a little more gently...

[Tommygilf]

49k a day would mean around 40 days to get to close to the £1.9 million?

We've had over 30 days since the 7th Feb announcement...

[dboy]

4 minutes ago, Dave T said:

I think you could have broken that a little more gently...

My parents always insisted they didn't have a favourite child.

That was a bit upsetting as I'm an only-child.