Salford RD Holdings

  • Salford ground back on track

    The Salford Reds’ new stadium is back on track after administrators Begbies Traynor agreed for the land to be placed back in the club’s control after the conclusion of the voluntary administration process of Red City Developments. With the position regarding Red City now finalised, control of the development land has now passed to Peel Holdings - the club’s preferred developer partner - who will now proceed to finalise the project in readiness for work on the stadium to commence. The new r...

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  • Salford closing in on bailout deal

    The Salford City Reds are close to sealing a deal for a £1.5 million 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 direct...

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  • Potential Buyer Named As Salford Get Stay Of Execution

    Salford City Reds fans have been given hope that a takeover will be completed soon after Dr Marwan Koukash was named as a potential buyer just hours after the club’s winding up hearing was adjourned until 4 February. Dr Koukash, who was born in Kuwait but has lived in Liverpool for the past 30 years, has made most of his money from property development but now has around 100 horses in training and his interest was the main reason that the case was put on hold. The club has confirmed that “al...

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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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  • Koukash Seals Salford Takeover

    Dr Marwan Koukash has finally sealed his takeover of the struggling Salford City Reds after several weeks of negotiations. The Kuwait-born businessman and racehorse owner, who has lived in Liverpool for the past 30 years, admitted that the process of purchasing the club had been “difficult and sometimes very fraught” but is delighted to have completed the deal. He takes over from John Wilkinson as owner and chairman and said the discussions with his predecessor had been amicable throughout a...

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  • Non-Profit Supporters Trust Takes The Reins At Salford

    A consortium of supporters has officially completed the takeover of Salford Red Devils through a new not-for-profit holding company, Salford RD Holdings. The group has taken over the ownership and control of the club from former owner Marwan Koukash. The RFL has approved the deal which sees ownership pass to the consortium, which has been established to represent fans and the Salford community. The four members of the board of Salford RD Holdings are: Andrew Rosler – owner of Ideal Corporate S...

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  • Reds Miss Out on Stadium Sponsor

    Manchester Evening 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 t...

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  • Ian Blease Named Salford CEO

    The Salford Red Devils have appointed former club captain, Ian Blease as chief executive officer with immediate effect. Blease, made more than 250 appearances for Salford from 1985 to 1998, Club owner Marwan Koukash made this statement regarding the appointment: “I would like to welcome former club captain Ian Blease to the Salford Red Devils as C.E.O. “Ian has had a long and illustrious career in both rugby league and business management, not only is he a well-respected businessman, he is a...

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  • Council rejects Salford bailout deal

    Salford City Reds have suffered a setback in their ongoing fight for financial survival as the local council 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 w...

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  • Sharks And Red Devils Consider AJ Bell And Alternatives

    ... 'The ideal is to buy the AJ Bell – it is already built, we have put five years of graft into it. Sale have previously made an offer to buy the stadium themselves but say they will build a ground is unsuccessful. The new owners of Salford City Reds, Salford RD Holdings would also consider buying the stadium. "The stadium is an event now," new Red Devils director Andrew Rosler. Speaking to BBC Radio Manchester, he said: "It's growing all the time and every time you go, nearly every day of the w...

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