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: GOVERNMENT BLOCKS SALFORD CLADDING REPLACEMENT
So,Bob the regular,if we adobted your approach, how long would ìt tàkè to màkè thè tower bloçks safe?... [more]
article: WHY HAS SALFORD COUNCIL NOT RELEASED SAFETY REPORT ON TOWER BLOCKS?
What about Bernard Ryan's great point ? What about Salix?... [more]
article: GOVERNMENT BLOCKS SALFORD CLADDING REPLACEMENT
Ray ,why should taxpayers and rate payers pay for new cladding, when the people who put the wrong cladding on and made a balls of ... [more]
article: GOVERNMENT BLOCKS SALFORD CLADDING REPLACEMENT
Bob the Regular, I'm starting to come around to your way of thinling. You're bolshy. You rock the boat. That's good. You're doling... [more]
article: GOVERNMENT BLOCKS SALFORD CLADDING REPLACEMENT
So basically,Bob the regular,you are more interested in knocking the council than fixing cladding!... [more]
 
 
 
 
 
Days
Hours
Minutes
Seconds
 
 
 

Donate

Help the Salford Star...

all donations welcome

 
 

More articles...

WHY HAS SALFORD COUNCIL NOT RELEASED SAFETY REPORT ON TOWER BLOCKS?

Star date: 25th September 2018

WHERE IS THE TRIDENT SAFETY REPORT?

In the wake of the Grenfell Tower fire, Salford City Council commissioned a safety report from a company called Trident on all the high rise blocks in Pendleton. Over a year later the report, promised at the time to residents and press, has still not been released.

At last night's scrutiny panel of Salford Council, tenants again asked the question about the Trident report and did not get an adequate response. The Strategic Director for the Environment and Community Safety admitted that he hadn't even read it all!

Full details here...

SALFORD PROTEST AGAINST CHINESE WORKER REPRESSION AT JASIC TECHNOLOGY

Star date: 24th September 2018

PROTEST AT JOHN WILKINSON CENTRE IN SALFORD OVER LINKS WITH JASIC

"There's people in China who have been tortured for trying to join a trade union...and you're in bed with them..."

This morning, trade unionists staged a protest at John Wilkinson's Wilkinson Star HQ at the Wardley Industrial Estate over the company's links with Jasic Technology Ltd in Shenzhen, China.

The company which makes welding equipment, distributed in the UK by Wilkinson Star, is accused of violent repression of its workers who have tried to form an independent trade union.

Full details here...

GIG FOR THE PETERLOO HIDDEN PROJECT AT MOSTON MINERS CENTRE

Star date: 22nd September 2018

BENEFIT FOR PETERLOO HIDDEN PROJECT

Gig at The Miners
Saturday 6th October 7:30pm
Miners Community Arts and Music Centre, Moston

On 6th October there's to be a special gig at the Moston Miners Centre to raise funds for Red Saunders' Hidden Project, which is re-creating the Peterloo Massacre in photo tableaus. Starring on the night will be Claire Mooney, Matt Hill, Free Radicals and Tony Harper,.

Full details here...

RHYL TO SALFORD WALK FOR CAMPAIGN AGAINST LIVING MISERABLY

Star date: 22nd September 2018

50 PEOPLE, SIXTY MILES, £50,000 TARGET

When three close friends of Daniel Hobbs took their own lives, he and others decided to do something about it, and have now organised a sixty mile walk from Rhyl to Salford to raise money for the Campaign Against Living Miserably, which is leading a movement against suicide in young men. They've got an ambitious £50,000 target. Can you help?

Full details here...

MIKRON THEATRE COMES TO SALFORD WITH REVOLTING WOMEN

Star date: 23rd September 2018

HOW LONG DID IT TAKE WOMEN TO GET THE VOTE?

Revolting Women
Wednesday 3rd October 7:30pm £11/£9
St Peter and Paul's Church, Park Road

The superb Mikron Theatre arrive in Salford with a story based around radical socialist suffragette, Sylvia Pankhurst, complete with songs, satire and top stagecraft, perfected over 47 tours. Vote with your feet and don't miss!

Full details here...

 



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