Salford Red Devils have announced that "A new not-for-profit holding company, Salford RD Holdings has taken over the ownership and control of the club from former owner Marwan Koukash".
The brief statement named four new board members of the company, made up of an insolvency practitioner, a tax expert, a marketing professional and a charity worker, as it declared "a new era has begun at Salford Red Devils..."
The new board consists of Andrew Rosler, owner of Ideal Corporate Solutions Limited; Asif Latief, Marketing Director at A-Plant; Hannah Fendall, Senior Associate at Williamson and Croft LLP; and Dawn Fidler, CEO of The Joshua Wilson Brain Tumour Charity.
The RFL has finally approved the deal after some stalled negotiations and launches. Meanwhile, the Marwan Koukash controlled company, Salford City Reds (2013) Ltd, was almost struck off for failing to submit accounts to Companies House but the action has been discontinued; although accounts are still to be published.
In November, Salford City Council announced that it had extended the payment 'holiday' on its loan to the Reds of over £1million until 2020 (see previous Salford Star articles – click here and click here). The Club has made no statement on how this loan will be secured in the future, nor the legal relationship between the new and old company*.
"This is truly an historic day for our Club, as the new ownership structure puts the control of the Club into the hands of the supporters" said Andrew Rosler "As a new board we can't wait to get down to business - I am sure we are at the beginning of a really exciting period in the Club's history and we look forward to working in collaboration with the supporters, businesses and the wider community of Salford to bring long overdue success to the Club."
Salford Red Devils begin the new season with a friendly against Swinton Lions on Sunday 14th January at the AJ Bell Stadium
Photo by Gareth Lyons
* Update 9:30am: Companies House has today reported that Andrew Rosler, Asif Latief, Hannah Fendall, and Dawn Fidler have been made directors of Salford Reds (2013) Ltd...while Marwan Koukash has been 'terminated' as a director.
Update: 5pm: Asif Latief, Hannah Fendall and Dawn Fidler have now had their directorships of Salford Reds (2013) Ltd 'terminated'. All in the space of a day!
Update: 10th January: Salford RD Holdings has been announced as the Relevant Legal Entity (RLE) within Salford Reds (2013) Ltd, with Significant Control