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FORUMS > The Virtual Terrace > Salford about to Enter Administration if NO buyer is Found
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Quote: northmanchesterdevil "Nothing has happened yet, and it's a bit of a different situation anyway.'"


I'm sure it is. My point was that there doesn't seem to be the screaming horde demanding blood over Salford's potential administration.

However, if it does happen, I do hope your club manages to get a new buyer and survive this.

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Quote: Him "Salfords 2011 average crowd was 4,754 (and that includes the 10k crowd for Catalans in the final game)
This seasons average crowd so far is 5,864.
So the move has increased the attendance by about 20%.
Whether that's enough or not I have no idea. I'd be interested to know the difference in costs between maintaining a crumbling Willows and ground sharing with Sale.'"


Sustaining it is as key though. It's promising their attendances are on the up, but how many fans will renew after the 1 year novelty of a new ground wears off. Plus as an away fan at Barton this season, I made more effort to get there then most other grounds, to tick it off, probably won't make the same effort next season unless it convenient.
Saying that, maybe a few extra Sale fans might start watching next season.

Him
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Quote: Towns88 "Sustaining it is as key though. It's promising their attendances are on the up, but how many fans will renew after the 1 year novelty of a new ground wears off. Plus as an away fan at Barton this season, I made more effort to get there then most other grounds, to tick it off, probably won't make the same effort next season unless it convenient.
Saying that, maybe a few extra Sale fans might start watching next season.'"

That's true, there will certainly be a drop off in away fans. If I do go next season I certainly won't be parking in the club car park again!

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It is deeper than Bradford and Salford, which is so far rumour.
Salford, Cas, Hudds, HKR, London, Wakey etc are no bigger than the Fax, Oldhams, Leighs etc its just they have had the majority of recent years in SL and the finances it brings, reverse the cash and things would look similar for those outside SL now.
Clubs have been driven down the new stadia route by the RFL yet clubs playing in hovels are still in SL, so why waste all that money or accept reduced income streams from council owned facilities.
If Salford can move back to the Willows then that would be great for them financially, I wish the option was available for Leigh although this year LSV has removed the financial foot from our necks but I doubt this will be the case for long.
Two divisions of 10, get it introduced for 2013. We need quality at the top and a realistic platform to grow beneath it.

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SALFORD FOOTBALL CLUB COMPANY(1914)LIMITED(THE)



Appointment Date: 29/12/1991
Position: Director
Occupation: Company Director
Company Status: Active

Address:

CITY OF SALFORD STADIUM
1 STADIUM WAY
SALFORD
M30 7EY
GB
Directors and Secretaries

Load Officers

Company Accounts:

Cash at Bank:

2010 - £877
2009 - £833
2008 - £3,733
2007 - £4,765
2006 - £15,580
Net Worth:

2010 - £-4,352,212
2009 - £-3,859,637
2008 - £-3,839,986
2007 - £-3,082,290
2006 - £-2,645,284
Total Current Liabilities:

2010 - £3,763,566
2009 - £3,537,791
2008 - £3,955,797
2007 - £4,071,974
2006 - £3,339,912
Total Current Assets:

2010 - £265,351
2009 - £203,566
2008 - £368,390
2007 - £854,442
2006 - £439,852
Stock:

2010 - £12,283
2009 - £23,200
2008 - £44,207
2007 - £41,618
2006 - £24,238

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Quote: CavendishStreet "SALFORD FOOTBALL CLUB COMPANY(1914)LIMITED(THE)



Appointment Date

In isolation they mean nothing as stats and headline figures can be interpreted in a number of ways. What I would say, if your figures have been correctly extracted (and again this is the danger of reading things in isolation) is that if Salford have a "negative" net worth, then surely they are insolvent.

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Quote: mikej "In isolation they mean nothing as stats and headline figures can be interpreted in a number of ways. What I would say, if your figures have been correctly extracted (and again this is the danger of reading things in isolation) is that if Salford have a "negative" net worth, then surely they are insolvent.'"


You are only looking at the Current assets/liabilities if the Willows is worth more than current deficit then they are technically solvent. The thing that will kill this is the cash position and whether they can pay the creditors.

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Everyone knew that moving would not bring in any new fans. They are still called Salford and as horrible as it sounds, not many people like them and the name.

A name change and rebrand would have worked better, Manchester Reds or something else, anything but the name Salford, pay some good money for people to do the research and come up with a new identity. It would certainly make it easier for fans around that area that like league and old swinton fans, not many i know, but maybe 1-2k worth would turn up to watch a Super League team not called Salford.

If they want to continue as Salford then they have to understand the catchment of fans is small and they will not suddenly get any great influx of fans.

It also doesnt help that the ground is so bad. Next to a sewage works, middle of wasteland, it just feels cold and soulless.

I have nothing against Salford, i hope they survive but they were always thinking way above their station with this new stadium and that it would instantly bring in loads of new fans.

*when i quote Salford i generally mean the management not the fans.

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Quote: Roofaldo "Throw them out of the league! Deduct all their points! Tear down their new stadium and salt the earth! Show these immoral swine that our sport will not tolerate them!!

Oh wait, it's not Bradford so there's no need for any of that knee jerk vitriol.'"


Come on. This is just a silly post. People with a specific anti Bradford agenda are very very few in reality.

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Quote: Craig_UK "Everyone knew that moving would not bring in any new fans. They are still called Salford and as horrible as it sounds, not many people like them and the name.

A name change and rebrand would have worked better, Manchester Reds or something else, anything but the name Salford, pay some good money for people to do the research and come up with a new identity. It would certainly make it easier for fans around that area that like league and old swinton fans, not many i know, but maybe 1-2k worth would turn up to watch a Super League team not called Salford.

If they want to continue as Salford then they have to understand the catchment of fans is small and they will not suddenly get any great influx of fans.

It also doesnt help that the ground is so bad. Next to a sewage works, middle of wasteland, it just feels cold and soulless.

I have nothing against Salford, i hope they survive but they were always thinking way above their station with this new stadium and that it would instantly bring in loads of new fans.

*when i quote Salford i generally mean the management not the fans.'"


Absolutely disagree. And you'll be hard-pressed to get 2,000 Swinton fans at a Swinton match, for the record.

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City Reds

Changing name ensures more crowds, just look at the successes in London

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Quote: Roofaldo "Throw them out of the league! Deduct all their points! Tear down their new stadium and salt the earth! Show these immoral swine that our sport will not tolerate them!!

Oh wait, it's not Bradford so there's no need for any of that knee jerk vitriol.'"



When the RFL start bailing them out and lying to the fans about the reasons for doing it, and then pleading with all and sundry to donate money to them then I'll start demanding the same as I demanded in the Bradford situation.

The RFL have "invested" £1.25m in Bradfords lease that could well ahve been spent elsewhere in the game and unless they get the same amount back when selling it back to ABC, or whoever else buys Bradford, then they have deprived the member clubs and fans of money that could have been invested at grassroots level.

Surely even the most blinkered Bradford fan can see there is a bit of a difference between the 2 situations??

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Quote: Sal Paradise "You are only looking at the Current assets/liabilities if the Willows is worth more than current deficit then they are technically solvent. The thing that will kill this is the cash position and whether they can pay the creditors.'"


Net Worth:

2010 - £-4,352,212
2009 - £-3,859,637
2008 - £-3,839,986
2007 - £-3,082,290
2006 - £-2,645,284

Net Worth = TOTAL assets less TOTAL liabilities

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Quote: richardviking "Absolutely disagree. And you'll be hard-pressed to get 2,000 Swinton fans at a Swinton match, for the record.'"


I said 1-2k, there are many RL fans in Swinton that used to watch the game on a weekly basis. When they left Swinton, they stopped watching. Although i understand they would never go and cheer on Salford I as one ex Swinton fan would probably go watch a game.

Regarding the other bloke that comments on a name change, ask London. I don't think you understand that the name Salford is not that well liked. London RL is a totally different ball game.

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All is well in SL, and this franchising system has saved our game!

Now onto Blackpool.

164 posts in 12 pages 
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Subscribe | Moderators: Admin, Durham Giant , TimperleySaint
164 posts in 12 pages 
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Subscribe | Moderators: Admin, Durham Giant , TimperleySaint



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