Salford owners claim new funding ‘within 12 days’

The ownership group of the Red Devils of Salford claim to have received additional funding to pay off outstanding debts and stop a winding-up petition filed against them.

Due to outstanding tax obligations to His Majesty’s Revenue and Customs, the club was given a third adjournment of a winding-up order on Wednesday so that it could “secure necessary funds.”

The club claimed that after the hearing, new funding is “expected to be received within the next 12 days,” enabling them to pay off their debts with creditors and clear the balance with HMRC.

The club statement continued, “While winding up may have offered a simpler financial solution, it would have significantly increased the cost to the local businesses, many of which are owned and operated by our devoted supporters, who have stood by us through difficult times.”

The end-of-season grading system led to the dismissal of Salford from the Super League, with Championship side Bradford Bulls taking their place.

The campaign was weighed heavily by late pay and a large player exodus, while patchwork teams drenched in youth players frequently faced with devastating defeats on the field.

The club statement continued, “This decision secures the future of our 152-year-old institution, safeguards the community we proudly serve, strengthens our ability to build a competitive team both on and off the field, and preserves our strategic plan for a return to the Super League in 2027.”

A prominent sports lawyer has stated that Salford are now in the “last chance saloon” following their third court adjournment.

With ongoing financial problems that extend into the off-season, the club’s future is uncertain.

The petition was initially served in June before being adjourned until early on Wednesday.

Prior to the club’s ownership, Richard Cramer claimed they had secured new funding, and Richard Cramer claimed Salford had been fortunate.

The courts have applied a very strict timetable going forward, according to the courts, and that is a strong indication that this is the last chance saloon.

As the season came to an end, more fans started protesting the club’s risky financial situation, which showed no signs of abating.

A prominent fan group member claimed that the most recent adjournment is simply “delaying the inevitable” and that it will put their chances of recovering to an even keel backwards at risk.

A fan group called The 1873, which was set up to change the way the club is run, Nick Holt of The 1873, told BBC Sport, “I’m disappointed.”

As many people have done, I’ve been a long-time fan of the club, and getting the decision to adjourn today just adds to both the inevitable and any form of reconstruction or planning for 2026.

Any business or sporting organization going into liquidation would be a sad day.