HOME   ARCHIVE   GALLERY   SHOP   ABOUT US      
 

 
KOUKASH OUT AS SALFORD RED DEVILS OWNERSHIP ‘IN HANDS OF SUPPORTERS’
 

Star date: 9th January 2018

'FANS CONSORTIUM' SALFORD RD HOLDINGS TAKES OWNERSHIP OF SALFORD RED DEVILS

Salford Red Devils has announced the takeover of the club by a not-for-profit consortium, Salford RD Holdings, with four new 'fan' board members. The move signals the end of the controversial reign of Marwan Koukash who, the club states, has relinquished control.

"The new ownership structure puts the control of the Club into the hands of the supporters" says board member Andrew Rosler.

Full details here...


Marwan Koukash terminated as Salford Reds Director
click image to enlarge

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 LatiefHannah 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 LatiefHannah 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

Salford lad wrote
at 08:28:17 on 13 January 2018
Salford Reds are andead suck of no value to Salford whatsoever just a drain on the public purse. Ownerships has been past to a bunch of stool pigeons to avoid the debt. Can’t wait for it to be demolished so affordable homes can be built there. I note the isusal diatribe from Felse and Ferrer!
 
Mary ferrer wrote
at 20:39:13 on 10 January 2018
Sorry got sent before I had finished. They both agreed they would be personley be responsible for the outstanding debts of over a million pounds. Never happened 7
 
Mary ferrer wrote
at 20:39:10 on 10 January 2018
I can't understand why Salford council didn't call in the agreement they had with Wilkinson and Watson. They signed an agreement that they would be personley be
 
Bob wrote
at 18:20:06 on 10 January 2018
Mary is bang on right with her comment.Will it be the same arrangement as before? (was it something like we will pay you when we get gates over 8000). or will it be forgotten about ,and agreed to be forgotten about, between the new owners and the clowncil? Time will tell,unless there is some kind of secrecy agreement. Whatever it is, the clowns will never get their money back. I mean, our money back. Talk about forgetting things, where Mr Editor ,is the story promised about the Salix £1.3million Salix got to help homeless people. You might have forgot, but I haven't.
 
Michael James Felse wrote
at 18:19:50 on 10 January 2018
Hi Mary. Too much distraction over the loan. It is easily written off by simply converting Council shares instead of a loan. Those can then be sold to either supporters at £1 each or to investors and the £million raised given to a Salford charity for youth sports with that offset against tax. Always alternatives but the main thing now is for Salford Council to support the supporters club, ending the cloud over that loan.
 
Mary ferrer wrote
at 07:47:10 on 10 January 2018
I am glad the club is still going.Never had a problem with Salford Red.they have done well to survive all the ups and downs over the years.I wish them well. My worry is what happens to the money outstanding to the people of Salford. I am also worried about the Stadium. There is only so much money we can throw at this white elephant. Sale shark's have said if they can't buy the stadium they will walk away.Then what.biggest and very costly mistake by Councillor Lancaster.
 
bytheway wrote
at 17:00:39 on 09 January 2018
Obviously this means Buile Hill Mansion will be packaged with this, so they can borrow even more against this asset of Salford, Cllr John Merry & Lancaster comes through once more..
 
Retired socailst wrote
at 13:10:16 on 09 January 2018
Is this like rats leaving a sinking ship? what about the money owed to the ratepayers of the good ship salford? and what do these good people know about running a money pit.
 
Michael James Felse wrote
at 13:10:11 on 09 January 2018
I can only see good news here. Well done to all the dedicated fans you deserve Salford's thanks. If I was Mayor I would now write off the loan debt offsetting it against tax. I demand our Mayor does this action immediately to give Sport in Salford a fresh life, hope and clear message that Salford loves Sport.
 
Please enter your comment below:
 
 
 
Salford Star Hoodies
Salford Star contact
Deli Lama
advertisement
 
Contact us
phone: 07957 982960
Facebook       Twitter
 
 
Recent comments
article: CHINESE TO TAKE OVER AJ BELL STADIUM AND LAND, WHILE INVESTING IN BUILE HILL MANSION SALFORD PUBLIC MEETING HEARS
Well they will have a bloody fighting on their hands if they think they will get the Mansion. Would make a nice Casino,I dont thin... [more]
article: SALFORD CRESCENT MASTERPLANNERS CONFIRM DEMOLITION OF OLD POLICE HQ
@ Rey. How about the uncollected fees the Council lets these developers not pay? Also, while they're at it they can make sure thes... [more]
article: SALFORD ROAD CHAOS LOOMS FOR A YEAR
I think a petition should be launched to suspend the bus lane on the crescent during these roadworks, to ease the congestion and s... [more]
article: CHINESE TO TAKE OVER AJ BELL STADIUM AND LAND, WHILE INVESTING IN BUILE HILL MANSION SALFORD PUBLIC MEETING HEARS
The Chinese already own property in Eccles and the surrounding district... [more]
article: SALFORD CRESCENT MASTERPLANNERS CONFIRM DEMOLITION OF OLD POLICE HQ
Codý,perhaps my mate,Giussepe,is being "satirical" - humour, in my opiniòn,is often a two-edged sword! As to your suggestiòn... [more]
 
 
 
 
 
Days
Hours
Minutes
Seconds
 
 
 

Donate

Help the Salford Star...

all donations welcome

 
 

More articles...

CHINESE TO TAKE OVER AJ BELL STADIUM AND LAND, WHILE INVESTING IN BUILE HILL MANSION SALFORD PUBLIC MEETING HEARS

Star date: 15th August 2018 

BUILE HILL MANSION SUPPORT GROUP MEETING HEARS OF 'CHINESE' PLANS FOR SALFORD

Over the last few months, rumours of a Chinese buyout of the AJ Bell Stadium and its land, hand outs for the Buile Hill Mansion and a possible plan for a Salford Red Devils takeover have been louder than bombs. At last night's meeting of the Buile Hill Mansion Support Group, these plans were aired in public for the first time.

Full details here...

DISTRAUGHT SALFORD DAUGHTER CAN’T GET TO FAMILY GRAVE AT ST PAUL’S CHURCH IN KERSAL

Star date: 14th August 2018

A TALE OF TWO CUSSONS, HIGH BRAMBLES AND IMPERIAL LEATHER

At the front of St Paul's Churchyard in Kersal, the first neat and tidy grave you come across is that of Alexander Cussons and famous family. However the grave of the less famous William Evans, who produced the first ever bar of Imperial Leather soap, is at the very back of the yard and totally inaccessible, literally buried beneath 6ft high weeds and brambles.

William Evans' great granddaughter, Lesley Northall, is distraught as she wants to add her mother's ashes to the site but can't get near it. This isn't just the tale of two Cussons gurus but also of a church struggling for resources.

Full details here...

SALFORD ROAD CHAOS LOOMS FOR A YEAR

Star date: 13th August 2018

JOURNEY TIMES TO DOUBLE AS £15MILLION 'IMPROVEMENT SCHEME' BEGINS

On 29th August, the £15million Manchester and Salford Inner Relief Route improvement scheme begins which is set to last a year and double journey times around Regent Road, from Oldfield Road to the Mancunian Way, which will see roads reduced to one lane in places.

The work is expected to have knock-on delays to other routes including around the M602, East Lancs Road and Trinity Way.

Full details here...

SALFORD CRESCENT MASTERPLANNERS CONFIRM DEMOLITION OF OLD POLICE HQ

Star date: 12th August 2018

POLICE HQ ON THE CRESCENT TO BE DEMOLISHED

The imposing old Salford Police headquarters on the Crescent is to be demolished, as confirmed by the Salford City Council and Salford University masterplanners at yesterday's consultation on the future of the area.

Local people at the consultation didn't seem happy about the amount of high rise buildings in the plans, and nothing was said about any affordable housing.

Full details here...

SAVE SALFORD VICTORIA THEATRE MEETING IN LOWER BROUGHTON

Star date: 12th August 2018

THE FUTURE OF VICTORIA THEATRE

Salford Victoria Theatre Trust Public Meeting
Sunday 26th August 1:30pm
St Boniface's Social Club

There's to be a further public meeting to save Lower Broughton's Grade II listed Victoria Theatre, on Sunday afternoon 26th August. Anyone who has any ideas for its future use or who wants to get involved in the campaign is urged to attend.

Full details here...

 



written and produced by Salfordians for Salfordians
with attitude and love xxx