Salford Red Devils financial decision made as RL Commercial make distribution verdict
Salford Red Devils have been given an advance on their central funding for 2025, but it has come with conditions. The cash-strapped Super League club has been seeking a £500,000 central funding advancement to ensure they can overcome their latest financial struggles, and the club has now confirmed it has received confirmation they will receive funding.
They have received the full figure that they requested; but the club has added that it has come "on the condition of central involvement in and scrutiny of a more sustainable long-term trading position," which Rugby League Commercial has also confirmed.
Clubs were set to sit in Monday's meeting, but they decided it would be inappropriate for them to have a say on the future of one of their counterparts.
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An RFL statement read: "Further to the formal request received from Salford Red Devils for an advance against their distribution entitlement, the Rugby League Commercial Board have advised the club of their support of the request.
"This has been granted on the condition of central involvement in and scrutiny of a more sustainable long-term trading position for Salford Red Devils.
"It is the responsibility of Rugby League Commercial, and not the Super League clubs, to determine the basis of distribution entitlements."
Salford are confident that they can turn around their financial positon once a deal for Salford City Council to but the stadium is completed due to the revenue streams it will open. That said, this is the second time in 12 months they have asked for an advancement on their central funding and once again, they now enter special measures.
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