FORUMS > Salford Red Devils > Are the club still in business? |
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| 'James Blunt' shame on you for using the most obvious rhyming slang possible. Surely being a rugby fan you could have called him a Shaun Lunt!!
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10348.gif :10348.gif |
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Accounts for the The Salford Football Club Company (1914) Limited's financial year ended 30NOV2011 should have been filed at Companies House by no later than 31AUG2012, i.e. nine months after the financial year end.
As it's now early October, the late filing penalty for a private company for filing their accounts late (i.e. more than one month late) is at least £375.
More information at the following link.
www.companieshouse.gov.uk/about/pdf/gba11.pdf
N.B. The late filing of accounts is generally seen as an indication of a business that is struggling.
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Accounts for the The Salford Football Club Company (1914) Limited's financial year ended 30NOV2011 should have been filed at Companies House by no later than 31AUG2012, i.e. nine months after the financial year end.
As it's now early October, the late filing penalty for a private company for filing their accounts late (i.e. more than one month late) is at least £375.
More information at the following link.
www.companieshouse.gov.uk/about/pdf/gba11.pdf
N.B. The late filing of accounts is generally seen as an indication of a business that is struggling.
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| If we are being taken over and new owners are involved is it their job or the old owners to do the accounts for this year? this may be the reason for the delay in announcing any takeover because there is loose ends like this to be tied up
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| The last time wilkinson said the club was not in a financial black hole sounds to me like the club is full of rubbish as normal it's about time the fans know the truth or the fans won't be interested any more. There what generates the clubs income keep lowing and deceiving them will only go against them. This is reason I have fell out with club because they don't care how us supporters feel. At the end of day if they don't care about us fans why should we stay loyal. It's hard for me to criticise the club but seen it for years and totally fed up with the crap club tell us. This club don't care even to those fans that stay loyal it's about time they woke up otherwise they will push supporters away
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Club Owner | 11532 | |
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Jul 2003 | 21 years | |
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| Quote: The optimist "If we are being taken over and new owners are involved is it their job or the old owners to do the accounts for this year? this may be the reason for the delay in announcing any takeover because there is loose ends like this to be tied up'"
Nothing to do with the owners and everything to do with the finance staff. Just because a takeover is happening doesn't mean that the club's accounts cannot be sorted out - particularly when last year's accounts won't deal with any new investment.
There's been a couple of stories added to the website, mind, so I think the answer to "are the club still business" would still be yes.
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11969.jpg Me and are kid (TheButcher) putting the world two rights.
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Don't like it? Well Frack off then. Energy & progress for all.
Foe is our friend.
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| Yes they are is the straight answer.
Had quite a long conversation with someone at the club in the past week about some sponsorship for the Foundation for next year. Was told that what is happening is now a given and is a case of fine tuning the dots on I's and crosses on T's.
Personally can't wait to see what the club can achieve with a professional back room staff from top to bottom rather than making do with under qualified staff in various positions. My personal hope is they bring in someone to run the whole thing with no ties to current staff who can run the club as a business rather than an amature sports team with a professional name,
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| I have been informed by someone inside the club that Simms will be gone and that the club is not being taken over but there is investment from three parties.My guess is that all the debts that have been accrued over time will have to be sorted before any announcements and we can start afresh.these investors will want to make sure their money is being spent wisely and not going to pay off debts
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| I suggest if we have new investors they better get a move on? No players, no season tickets & if we are not careful very little support.
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| Quote: red polly "I have been informed by someone inside the club that Simms will be gone and that the club is not being taken over but there is investment from three parties.My guess is that all the debts that have been accrued over time will have to be sorted before any announcements and we can start afresh.these investors will want to make sure their money is being spent wisely and not going to pay off debts'"
If it turns out anything like the tangerine farm I purchased in Chad in 2004, then I wish them all the best.
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Player Coach | 987 | No Team Selected |
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A.Marshall: |
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| Quote: red polly "I have been informed by someone inside the club that Simms will be gone and that the club is not being taken over but there is investment from three parties.My guess is that all the debts that have been accrued over time will have to be sorted before any announcements and we can start afresh.these investors will want to make sure their money is being spent wisely and not going to pay off debts'"
All this talk of investment, can you seriously see any third party putting money in without anything in return. The best you can hope for is your club folds in it's present form and reforms debt free. Yes there would be a points deduction but with the precident set by Bradford your place in Super douper league will be retained.
Then the new companies owners can possibly take your club forward. In it's present form it is a dead duck.
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59792_1310683391.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_59792.jpg |
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| Quote: Marshy1 "The best you can hope for is your club folds in it's present form and reforms debt free. Yes there would be a points deduction but with the precident set by Bradford your place in Super douper league will be retained.'"
I can't see Salford ever getting the same treatment that Bradford got with their financial troubles. Bradford are, well, Bradford - the name says it all. Should anything happen with the likes of Salford or Castelford say, then I wouldn't bet against us being kicked out of SL.
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| Great to see all players Total Fitness membership passes haven't been renewed! Even better to see the players didn't have a clue until they tried to use them! Very professional!
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| The gym facilities at the stadium are great, all be it the lack of swimming pool and sauna, the problem is they expect not to pay for the players memberships, which at worst is £20.00 per month and I am sure they would get discount from that.
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Rank | Posts | Team |
Club Coach | 10390 | No Team Selected |
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11969.jpg Me and are kid (TheButcher) putting the world two rights.
ERIC SHAW PREDICTION LEAGUE & PLAY OFFS WINNER 2013
Don't like it? Well Frack off then. Energy & progress for all.
Foe is our friend.
mitie mouse, Lancetodd, Marshy1, eccles star, Dantes Inferno, Philyourboots, biggunbrad, DAVE@CAS1990, RED LEAGUE, OzWelsh, Red-Devils-PAW, newgroundb4wakey
All blocked - Go ahead punk make my day.:11969.jpg |
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| Quote: LEDGE787 "Great to see all players Total Fitness membership passes haven't been renewed! Even better to see the players didn't have a clue until they tried to use them! Very professional!'"
Think the players will be using the on site facilities which makes much better sense if you think about it. I'm a member and it's reasonably quiet during the day and apart from the swimming pool there are much better facilities.
You'd hope that next season the club don't waste money on using the pitch at Leigh to train on and full use of the pitches @ Barton.
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Rank | Posts | Team |
Club Owner | 11532 | |
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Jul 2003 | 21 years | |
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Jul 2024 | Jan 2016 | LINK |
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6248_1358341317.jpg [b:2akkj491]Jeb End Reds[/b:2akkj491]
[color=#FF0000:2akkj491][b:2akkj491][url=hhtp://www/foreverreds.co.uk/:2akkj491]SUPPORT FOREVER REDS - THE SALFORD CITY REDS SUPPORTERS' TRUST[/url:2akkj491][/b:2akkj491][/color:2akkj491]
[b:2akkj491][color=red:2akkj491]MUFC[/color:2akkj491] ~ FCUM ~ [color=red:2akkj491]SRLFC[/color:2akkj491] ~ LCCC[/b:2akkj491]
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| Quote: Michigan red "You'd hope that next season the club don't waste money on using the pitch at Leigh to train on and full use of the pitches @ Barton.'"
Wasn't there some reason why we couldn't use Barton? I.e. groundstaff not wanting to over-use the main pitch and the training pitches either not fitting the need of the club or being kept free for people to book?
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