Salford City Council

  • Council Ease Pressure On Salford Loan Repayments

    Salford City Council have extended the deferment of loan repayments from Salford Red Devils for a further a three-years according to Manchester Evening News. Marwan Koukash assumed £3m-worth of debt when he took over the Super League club in 2013, including £1.5m owed to the Council. The loan, paid through an independent administrator after the previous club’s assets were seized to pay off creditors, is due to be paid back by 2038 after a 25-year deal was arranged in 2013. The Council will n...

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  • Salford closing in on bailout deal

    ... bailout and hope it will be finalised at a Council meeting early next week. The latest plans to rescue the struggling Super League club, which was handed a winding-up petition in October as a result of unpaid bills, will be considered by the cabinet at Salford City Council on Tuesday. A loan facility of up to £750,000 will reportedly be pledged by the Council and the rest contributed by Peel Holdings, with the board of directors getting a complete shake-up according to the Manchester Evening N...

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  • Koukash Seals Salford Takeover

    ... he has already made two major additions behind the scenes. Former NRL chief financial officer Ed Farish will take over as the club’s chief executive on Monday 11 February and Graham Lowe is set to become the new director of rugby. Negotiations with Salford City Council and Peel Holdings about the ownership of the Salford City Stadium are reportedly set to continue but are expected to take some time and Dr Koukash said it wasn’t possible to do it all at once....

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  • IKEA To Build Around AJ Bell As Loans Mount Up

    The AJ Bell Stadium is set to benefit from another £1 million in funding, taking the overall total of loans to over £25 million, as the land next to the ground is close to being sold to IKEA. The Swedish furnishing firm is preparing to purchase part of the 42-acre site surrounding the stadium and Salford Council has revealed that it is to loan the stadium company (jointly owned by the Council and Peel Holdings) another £942,500 and that figure will be matched by Peel Holdings. The stadium, sh...

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  • Council rejects Salford bailout deal

    ... decided against stumping up another £750,000 to bail the club out. Negotiations have been going on between the club, the Council and Peel Holdings, who were thought to be prepared to contribute £750,000 themselves as part of the deal, for some time but Salford City Council’s cabinet opted not to pay out any more money. Council bosses were reportedly divided about whether to go ahead with plans for a bailout but they finally came to the decision that it would be too financially risky for the...

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  • Potential Buyer Named As Salford Get Stay Of Execution

    ... 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.” Dr Koukash has reportedly had discussions with Salford City Council, Peel Holdings and the Rugby Football League but it is thought that the millionaire may still need some help from Peel Holdings or elsewhere to seal any deal. The stay of execution takes the club into the 2013 Super Leagu...

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  • Reds Miss Out on Stadium Sponsor

    ... News have reported that motor dealers, the Williams Group, have pulled out of securing naming rights for Salford Reds’ new stadium.Williams, the BMW specialists, were in pole position to take charge after agreeing a lucrative five-year deal with both Salford City Council and landowners, Peel Holdings.However additional signage costs for the stadium’s roofs on top of initial costs were then reported to be too high, forcing the Williams Group into a U-turn. This now leaves the land-owners and...

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  • Sharks And Red Devils Consider AJ Bell And Alternatives

    ... stadium. "The challenge for us is to see whether we can get together a group to potentially launch a bid to take ownership of the stadium," The stadium is owned by City of Salford Community Stadium Ltd and opened thanks to an initial £22m loan from Salford City Council. A further £632,000 loan was granted to the company, which the Council said was "necessary" and that without it the company would default on its existing loan. If the Sharks succeed in their bid to buy the ground, Sale owner Si...

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  • Sale Sharks Offer To Buy Stadium

    ... Sharks owner, Simon Orange has disclosed that the club has made an offer to buy the AJ Bell Stadium. The Sharks are currently co-tenants of the 12,000 capaCity stadium with Super League team Salford Red Devils and have now approached the Peel Group and Salford City Council about the ownership of the ground. Orange - talking at the club’s media day this week - also revealed that if their offer to purchase the stadium is declined, then they are ready to build a new stadium of their own. "We're...

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  • Salford Announce Two New Sponsors

    Salford City Reds have announced that MediaCityUK will be their main shirt sponsor for the 2012 season with the addition of Salford-based employment law consultants ELAS as associate shirt sponsors.  MediaCityUK will also provide branding throughout the media centre of the brand new £26million Salford Community Stadium. The ELAS logo will appear on the right sleeve of the 2012 home and away strip. ELAS will be aiding Salford with their move into the brand new Salford City Stadium. ELAS marke...

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