Salford given more time to find investment

Salford’s court hearing has been adjourned until February 4th after news of possible investment was revealed today.

The Reds were in court today on a winding-up petition, which involves unpaid bills to HMRC and former players Luke Patten and Vinnie Anderson.

It was concluded that there was a “real possibility” that new investment could be forthcoming ahead of the new date, with the local press reporting that Cheshire businessman Lawrence Jones could be a possible investor.

Reds chairman John Wilkinson said: “Everyone is working every available hour to ensure that the on-going negotiations progress forward into an outcome that secures the future success of the Salford Rugby League Club. We appreciate what a stressful time this is for staff, players and supporters and thank you all for your patience and understanding.

“What today’s ruling provides is the time needed to secure the investment and we are grateful for the opportunity to do so.  One thing is foremost in our minds – Salford’s rugby club must continue for the fans of today to enjoy and for the generations of fans to come.

“The club will endeavour to inform all stakeholders of progress at the earliest opportunity.”

The date of the next hearing comes three days after Salford’s first scheduled Super League game of the season against Wigan on Friday 1st February.

Jones, managing director of technology business UKFast, was previously heavily involved with Sale Sharks rugby union club, who share the City of Salford Stadium with the Reds.