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Salford Red Devils financial future latest - Wall of silence after £700,000 issue

Salford Community Stadium, home of Salford Red Devils.
-Credit:SW Pix


Six weeks have passed since Salford Red Devils were given £500,000 to secure their short-term future. The cash-strapped Super League club needed funds to get through to the end of the year as financial issues left them in a perilous situation once again.

Six weeks on, and seemingly, absolutely nothing has happened. As part of the conditions that came with receiving a central funding advancement, the club was placed under extended special measures which would include central involvement in the running of the club.

That process saw a financial restructuring expert appointed to run the rule over the club's finances and the verdict was that they needed to cut their costs to the tune of around £700,000.

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That verdict was delivered almost a month ago now and yet, Salford appear to be continuing, business as usual. On Friday, the squad heads to Portugal for warm-weather training, which is quite astonishing given the financial situation they find themselves in. No players have left the club, despite considerable interest from across the competition.

Salford officials asked for time over the festive period to further pursue potential investment, which was approved by those in charge. The sport wants, and crucially, needs Salford to be financially stable.

Sadly, that hasn't come to fruition, certainly not in the short-term, and the benefits of the new stadium deal following the purchase from Salford City Council won't arrive for a while yet. To cut a long story short, Salford are quickly heading towards another financial crisis come the end of this month.

And yet there is complete silence on the matter. From the outside looking in, the special measures that were imposed haven't resulted in any repercussions. The recommendations made by the financial experts haven't been acted upon. All that's happened is an audit that stated the obvious.

The hope is that the silence means the investment Salford craves is getting closer, though sources within the club suggest that isn't the case and that every day is one closer to another crisis. Given that, it's mind-boggling that no action has been taken by those in charge of sorting out the mess.

You have to feel for Salford and their supporters who are striving for a brighter future. But now, the governing body needs to govern and make the tough decisions for them before it's too late. Given the state of the situation, and the added context that the clubs were against giving them the initial £500,000, it is perplexing that no action has been taken already.

A fire sale now appears inevitable, one way or another. Hull FC are known to be in for Deon Cross and Marc Sneyd, the latter of whom has attracted interest from several clubs across the competition. Ryan Brierley and Kallum Watkins both have potential suitors tracking developments, there will be others too.

It is a bitterly unpleasant reality for Salford, and the short to mid-term repercussions are concerning. But for the existence of the club, something needs to happen and fast.

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