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SALFORD CITY REDS SUPPORTERS MEETING DISCLOSES DEALS
 

Star date: 18th December 2012

REDS NEED £600K BEFORE SEASON KICKS OFF – AND PRIMARY SCHOOL AND HEALTH CENTRE TO BE BUILT ON THE WILLOWS

`I came out of that meeting like I had just been to a funeral and gone to a wake' Reds supporter

Salford City Reds supporters attended a meeting with the club's directors last night to try and find out what is happening to their club. Directors said they need £600,000 before the season starts, and revealed that a new primary school and health centre are to be built on The Willows by Reds director Iain Watson…
 
Full details here…


Reds supporters who went to a meeting with Salford City Reds directors last night seemed to come out none the wiser about the perilous state of the club.

On one hand directors revealed that a `deal will be done imminently' and that `a number of investors are looking to get involved'... while on the other hand asking supporters for names of potential backers, saying they will be trying to get Fred Done on board again and explaining that `it is not an impossible situation but it is worrying at the moment'*.

Directors couldn't give a 100% guarantee that the Reds would start the season, the club owes £350,000 and needs £600,000 in total, but added that `all indicators are that interested parties want the club to continue'.

For the club's financial plight, directors blamed the `economic downturn', a £450,000 increase in the playing budget for last season and the move to Barton where business plans were based on 8000 crowds and 500 dinners.

Fans on Twitter and Facebook were left confused…

"I came out of that meeting like I had just been to a funeral and gone to a wake"

"Money is available and key positions need strengthening…surely some positive?"

"I love Salford but after that meeting tonight the best thing is to go into administration…"

"Doesn't sound good but doesn't sound bad…"

"18.12.12 - the day Salford rugby unfortunately died. I'll always be a red man we'll never die but we have…"

"Did anyone else think the #scrmeet was held in a church tonight so that @salfordcityreds could have its last rites read?"

Meanwhile, details emerged of the dealings with Salford Council and Peel Holdings over the proposed £1.5million loan to the Reds. Directors revealed that they believed  the `deal was done' and had lawyers going through 25 pages of contracts and `due diligence'. The directors added that they didn't need the £1.5million, and that £250,000 of it was for `team strengthening'.

It was also revealed that the Salford City Reds accounts were deliberately held back, following a board meeting, `due to investment talks'. The accounts revealed the full extent of the club's £4.5million debts and loans.

When asked about the money from The Willows, it was further revealed that `development plans are well advanced' for a new primary school and health centre by Reds director Iain Watson of Godliman Watson Homes

This is news to us and may mean more public money being thrown at Reds directors, possibly tied into paying back loans to Salford City Council…

Watch this space…

See previous Salford Star articles…

• Salford Council Rejects Reds Rescue Bid – click here

• Salford Council's Tangled Web of Loans and Deals – click here

* all quotes are taken from the official Salford City Reds Twitter feed from last night's meeting


 

mary ferrer wrote
at 10:55:29 AM on Wednesday, December 19, 2012
Well the plot gets thicker.Where has this School and Health centre come from? The papers I have say houses to be built and on sale of the houses LOANS to be paid back. Yes we all know there is a need for a school within this ward,but why don't the council build on the land they own, there are 3 plots where schools stood. No lets give Wilkinson/Watson more public money to build the School/Health center.Why because these two don't have the money to build the houses,that's why.If this does go ahead then I say it's about time some form of public inquiry takes place. Millions in loans,given land, mothballed a grade two listed building for them, build a £22M+ Stadium. Grants to build houses in Broughton and NOW funding to build a school and Health Center.This can't go on without someone somewhere asking questions.
 
wrote
at 4:18:19 PM on Tuesday, December 18, 2012
Is anyone asking how much of the investment is going straight out of the club and into the pockets of the departing management
 
salford pimpernel wrote
at 4:17:47 PM on Tuesday, December 18, 2012
has no one told these idiots its already got a health centre and john merry and his merry men closed down tootal drive school because labour said the population of salford was going down, now we now it was all bullshit as we said at the school closure meeting. and by the way wasn't this land supposed to be for social housing for the hospitals nurses seems they are going for the cheapest option so they don't have to put their hands in their pockets? salford tax payers get screwed again.. p.s SALFORD COUNCIL £300,000 PEA GROWING PROJECT spoke to john merry and he is pissed off, thought he was going to be £300,000 better off till I told him it was for growing pea's and not for having a pea sized brain. has the salford ferret put mr salford forward for a knight hood yet or is she waiting for the next £10,000 first. better hurry up ferret don't think you can knight a bankrupt
 
wrote
at 1:13:06 PM on Tuesday, December 18, 2012
Didnt they recently just close two primary schools in Weaste not too far away from the Willows?
 
Brian F Kirkham wrote
at 5:53:04 AM on Tuesday, December 18, 2012
Here's an Idea for Salford RLs Troubled Directorship - Try going to a Bank for the Finance. Funny how pockets of land can be handed over between directors and yet when it comes to paying the bills - the local populus pays for it - Does this mean we're all entitled to a free ticket for the reds match of our choice? No. Quit the hare brained schemes and maybe (just maybe) you'll have enough cash in the Salford RL Bank account to keep off the creditors
 
Insider wrote
at 4:19:26 AM on Tuesday, December 18, 2012
Reds are a dead duck thats why the council pulled the plug on a loan. Its interesting to see that no labour councillor has asked for the district auditor to look at their dealings with this club which include the use of Wilkinson hotel in Salford for visitors to the council. These things are only the tip of the iceberg for Salford Councils dodgy dealings on a number of fronts, including peel, tescos, grants etc. Merry, biffo Lancaster and scary spicer (200K per year of public money) have a lot to answer for.
 
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