So the next question is: Which of the plethora of multi-millionaires queueing up to invest heart and money should we choose??

Perhaps we could vote on them off at home games based on thier ice-dancing prowess?

I appreciate what you are saying but what you have to understand is both the Chairman and Club Directors will have loans and securities keeping the club in business. It is common knowledge that knowbody not currently on the board with any serious money is interested or has ever been interested in investing, buying or more importantly prepared to offer personal guarantees to the bank.

I believe if the Chairman offered the club for a £1 sale with the buyer only having to give personal guarantees against the clubs debts he wouldn't get one single offer on the table. Why do you think he's been Chairman for the past 27 years? (Totally different story if or when the club get the new stadium)
And Personally I can't see the Chairman putting any more money in during this economic climate, especially considering his investment in the stadium and all the delays, would you?

Good post and should be pinned on the wall of all fans who are living in cloud cuckoo land.

So what your saying is were in a lot of debt and wilky is keeping us afloat
and if it wasn't for the new stadium being built buy peel we would be buggered

I don't agree that's what's needed. That squad doesn't look cheap to me. Disorganised, incohesive and unskilled, yes - but not cheap.
I still maintain it's a great testament to the club that we can afford to assemble a squad of that quality given our crowds. Not a great testament however, to our coach...

It's common knowledge the club was in debt when he became Chairman in 1982.

It's also a fact that most or all clubs are in debt and are kept in business by the generosity of loans and personal guarantees from Owners/Directors.

Does anyone at the club read the turkey I hope so. I hope john wilkinson does its him i feel sorry for in all this Please john get rid of mcrae and simms

If the club has been in debt since 1982 does that not tell you something on how this club is being managed, in business and lets not deceive
ourselves because this is a business, if a company has been in debt that long, there must be a problem with some of the major decisions that have been made along the way.

Please read properly the club WAS in debt when Wilky took over.
Since then Salford have been a debt free well managed club financially,but crap on the pitch

Rugby clubs don't make profit! they are and always have been run like charities compared to a profit making business.

You really are very naive if you think a club like Salford can fight above it's weight and avoid debts with such a small fan base!

Tell me any top flight rugby league club that makes profit year after year and pays out it's shareholders? Eveything gets ploughed back into strengthening the team on and off the field.

This isn't premier league football just do the sums, every club has debts!

It's also common knowledge that the club boasted year on year how we were always in the black right up until approximately 4 - 5 years ago when they first went into the red under Wilko's tenure, given that then and now we were/are receiving more money than ever before?

Putting finances of the club to one side at the moment, Wilko is conspicuous in his silence at the current plight of the club don't you think?

I think its a case of the idiots running the village at the moment and to make change this has to come from the very top where the book stops. Somebody quite clearly isn't fulfilling their role and none of the fans are getting any answers which is leading to these topics coming up on here day in day out.

Action and answers is whats required here, not waiting on the assumption things will turn out alright. To anyone asking how do we do this and that and who else would take Wilko's mantle, dont ask me or other posters, ask the chairman what he plans to do as we're not responsible for whats gone wrong.

There was no notification in his post saying that the club was not in debt he said " it's also afact that most or all clubs are in debt"
so I took it from that he meant ours as well.

Look at the sponsorship that the Directors pay for, look at the support that The Willows fail to collect money for such as Corporate Meals etc, then ask what Wilkie does.

I'm sure Mrs Wilkinson would love it if someone with real money came in but look at Warrington it does not guarantee anything.

yes but look what he got for the ground

Accounts reveal Salford City Reds chairman sold ground for £2.35m
Crain's Manchester Business - ‎Mar 15, 2009‎
Godliman plans to build affordable homes and a health centre on the Willows site and is in early-stage talks with Salford City Council planners. ...