It looks like bad management to me, spending what you haven't got. You reap what you sow.

How is it bad news that a club who spends its rent on marquee players goes bust? That's their business model choice.

How can you laud a club as being successful, when that success is built on that non-payment of essential bills?

Did you know that Salford are on record as admitting that, since moving to the new ground, they have NEVER once paid their full rent?

Salford council pay, as they underwrite the Devil's tenancy agreement. This current begging letter is to try and get the council to underwrite an even bigger black hole of a new tenancy agreement.

I am certainly comfortable knowing we were relegated because we ran a sustainable business model - if we have a quid, we'd spend a quid.

I feel for the supporters, always had time for Salford RLFC.
Their supporters deserve better.

Indeed we know what it’s like to have a council that doesn’t give a damn about their local club.

Surely the council have given them a lot if they are allowing them to stay without paying rent all this time?

The council has been underwriting their rent since they moved in to the AJ Bell, they defaulted on a CVA and got deducted points for it from memory, looks like things haven't improved, they haven't learned from it and the council have decided enough is enough.
The community funded club thing was just a rouse to get through the season that actually fell short, hence the reason they sold on a couple of long term contracted players, how has the RFL allowed the recent transfers/player to move in to Salford with all this going on, how have they managed to get the IMG rating they have based on all this. then to add to that now they are asking for further dispensation from their council.

Not paying your rent doesn't affect IMG or signing players if it's agreed with your landlord. It's when you default that there's a problem.

Not exactly asking politely either, guaranteed to get a council officials backs up.

Salford has been a sham club since moving to the new stadium, and although I feel for the fans, it's quite obvious they have been living well beyond their means, hoping to buy success. It's actually worked on the pitch, but is unsustainable off it.

Its a non financed debt so definitely affect IMG scoring

That sounds logical, but will it ?

Doesn't seem that it has.

1 only if the landlord carries the debt on. If they just wipe it each year it just appears as a 0 expense.

And from IMG point of view, they are looking at last year not this year.
It'll affect them on the next audit, which is more important to them.

The debt hasn't been written off its still standing but underwritten by the council, so is owed to the council not the landlord (for the moment) the debt has accumulated since they defaulted on the CVA (which I think was back in 2017) so for the last 3 years that IMG were looking at, it has existed and increased each year


The question is, did they reveal this debt in their IMG submission or did IMG choose to ignore it?

Thanks for clarifying.

The debt is still just part of the finance section though.
There is no pre-requisite as far as I can see. They just have a weak balance sheet so don't get those points.

Unless they receive financial penalties which cost them 0.25 points
or an 'insolvency event' - which would downgrade them a level. So if they are a B they become a C

I'm going from personal recollections, so I might be wrong, but this is how I see it.

They were persuaded to leave Salford to play in Eccles as a new stadium would be built and Salford Council wanted to ensure the survival of rugby league in the Salford area. As the stadium was being finished, blue seats started to appear, and it became apparent that Sale Sharks would also be playing there. In reality, therefore, Salford were not even co-tenants, but just lodgers, as someone else played there and someone else was paying the rent.

I get the increased impression that what is wanted at the stadium is a nice shiny home for the only high-level rugger club in the rugby league heartlands, and Salford RLFC is just there to add increased revenue.

I feel for them, because the fans went along with a very inconvenient move because of the promises made, and for the club because they were sold the same but it hasn't been delivered.

It is being reported nationally that councils are falling short of their budgets. I suspect the council now regard the club as a burden they wish they hadn't taken on (and to be fair, as might many local council tax payers).

They should get in touch with Gary Neville and come to a shared agreement with the Salford FC ground. Have a real Salford identity in a ground that will be filled when there is a league game on.

As for us, it shows how we are in a much better position. We own the ground. We get the finance streams. Rather in our position than theirs. We have the foundations. All they have is the roof.

From the Red Devils Forum:
"FWIW, just been sent a what's app message involving a current Councillor stating the council are absolutely 100% committed to the club and are currently buying out Peel's half of the stadium."

The use of the word "committed" is always troubling from a politician. It usually means, "we'd really like to, in an ideal world, but sorry guys"

They had to sell off The Willows to pay off debts. They were fortunate enough to have a new ground offered.

Like an ex-parrot then.



PS - Feel for the fans, who as usual are left in the lurch.

yes he really cleared the decks and left our saviour with over 5 million of debt, absolutely splendid.

and he got an asset worth over £10m on the balance sheet

How many times do we have to explain this to you Mopsey? I'm not sure why you don't get it.

Technically Mopsey is right and the club has a debt higher than it ever has before however it also has assets worth more than it ever has before. Can we just agree that you are both right and crack on haha

The Asset outweighs the debt....
.....But only by £5M.....

Can we stop all this back stabing , When the loan is paid off to the council we will own the ground ,We have got a guy in charge who as said ,he is getting us back into S L .Salford are way in det and unlike us ,are not paying any thing back on the loan the Council gave them .If they do pay it off, they still will not own the ground. This is the best thing that as happens to this club off the field in my 69 year of watching them.My problem is at my age I hope I see us get back into S L and win something ,my other problem is we still got fans pulling the club to bits now. Some fans on here do not no when to shut up .