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SALFORD CITY REDS WINDING UP ADJOURNED UNTIL JANUARY
 

Star date: 29th October 2012

SALFORD REDS STILL ON THE BRINK

Salford City Reds, winding up case has been adjourned until 7th January 2013, as the winding up petition has been taken over by `substitutes'.

The original petition by Steuer Gregsson was settled but new parties – which the Salford Star believes is some current players - have taken on the winding up petition.

More details here…


The winding up petition brought against Salford City Reds, or Salford Football Club Company (1914) Ltd, has now been adjourned until January 7th.

The original petition, brought by management consultants, Steuer Gregsson, was settled before the petition became a winding up order, but the original petition has now been taken over by `other parties'. Media reports over the weekend indicated that Reds players Luke Patten and Vinnie Anderson had joined the petition after not being paid.

The case will continue at the Manchester District Registry on January 7th, giving the club time to bring in the promised new investment and clear its debts.

Update: 4:15pm 29th October

The club has just issued the following official statement...

"As was reported recently, Salford City Reds were in court this morning in relation to a winding up petition brought by management consultants Steuer Gregsson.

The result of the hearing was that Steuer Greggson withdrew the petition as the matter had been settled between themselves and Salford City Reds prior to the court date.

The hearing was adjourned as expected until 7th January 2013 due to two players attaching themselves to the petition, however the club maintains that payments owed to these players will be made on time and in advance of the second court date.

This matter relates to contractual payments not due to be made until the end of November.

The Club are still in discussions regarding future investment. Meanwhile we welcome the players back to training in approximately one week and look forward to the new campaign."

See previous Salford Star articles…

Salford Reds Face Winding Up Petition – click here

Salford Reds In Hock Until 2017 – click here

Salford Reds Got Loan and Costs From Own Charity – click here

Mary Ferrer wrote
at 07:15:58 on 11 November 2012
I have just been reading about Salford Reds in the Advertiser.Do we know what kind of NEW investment Salford Council have in mind. Having followed the stories on this site regarding all the cuts and closures of services to the city. Then the wage cuts to the staff I just hope this council are not thinking of handing over any more of our cash to keep the club afloat. We will be paying back the loan on the stadium for years,don't think we will see any of the money we have lent them so far.
 
Brian F Kirkham wrote
at 17:43:18 on 04 November 2012
By Rights, Mary - Mr Wilkinson's Club is his own private concern. I find it funny when times were good Salford's Directors were planning grandiose schemes such as private hotels in public parks, yet things go bad - we have to bail them out (haven't they heard of a bank?). The Salford City Stadium was something born out of an ex-leader's overreaching ambition to achieve what his pal in AGMA had, much to the taxpayers chagrin. If Salford Council need the £ 1.25 million - then the loan should be called in. Not in a few years, or a few months. Salford RL / Sale Sharks RU Should be paying, hand over fist TODAY...I'm sure HMRC won't be hanging around for it's share of unpaid bills.
 
mary ferrer wrote
at 11:07:10 on 04 November 2012
I just hope that Salford Labour run council don't give any more loans or handouts to the club.The city is in a mess,jobs within the council are at risk,services being cut,we can't keep baling the club out. The council by now should be seeing some of the £1.1/4M loan being re-payed. What is happening with the former willows site? I also wonder have the club paid the Inland Revenue the £150.000 they owe.
 
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