[HerefordShark]

https://salfordreddevils.net/club-state ... um-update/

I'm not an expert on the situation but why means, but this does not make for good reading.

[Flumpty]

"Our current tenancy arrangement expires on 1st December. A failure to resolve places the Club at risk of a compliance issue with the RFL in respect of minimum standards due to not having a minimum 5-year tenancy agreement in place. As a result, this would severely impact our IMG grading and potentially put our Super League status at risk, reducing our central distributions from £1.31m to circa £50k per annum and effectively liquidating the Club."


This paragraph reads very badly for SCR

[Alex]

https://salfordreddevils.net/an-update- ... d-stadium/

Salford have issued an update on the stadium

[Surbiton_Shark]

This bit cracked me up 'there is a wholehearted belief that the Council will come through'

Talk about setting yourself up for failure

[Bucks1861]

Hope is the beginning of disappointment; especially in any form of government.

IMHO local government first objective seems to be avoiding making mistakes, so doing things quickly seems exceptionally unlikely. I hope they can continue and a ground sharing between us and them seems to make commercial sense.

[Printerland Annie]

Just a warning, folks.

My anti-virus software (Malware Bytes) has blocked the Salford Red Devils site as it is warning that the site has been affected by a Trojan.

[Shark in Exile]

A meeting this week between the Council and the RFL to discuss the planned process for stadium acquisition, thus enabling a long-term lease and protecting our pursuit of a Grade A rating in IMG’s grading criteria.

This could mean Sale become tenets of Salford Red Devils…..

[Olyy]

I'm completely out of the loop on this, is the general gist that Salford were coming to the end of their tenancy and said they'd only buy the stadium and not rent any further, and then said they'd lose their super league status if the council wouldn't sell them the stadium as they'd have no top level facilities?

[Lord Elpus]

This could mean Sale become tenets of Salford Red Devils…..

I think you mean "tenants".

[PappjeShark]

This could mean Sale become tenets of Salford Red Devils…..

I think you mean "tenants".

I think you’re right, but both wrong. I read this statement, and with the context of earlier statements, as implying that we will buy it and they will get a rental lease.

Although I may be wrong of course.

[poyntonshark]

It certainly reads that Salford are looking for a secure, long term lease agreement. But, I thought that a sale to Sale Sharks had been ruled out. I thought the plan was for the council to buyout Peel Holdings and take complete control.

Same caveat as @PappjeShark

[Flumpty]

I can't get my head around the idea that a skint council could somehow find the money to buy the remaining share in the stadium for x million, so that they could then rent it out for bugger all, so that a minority sport that is skint and followed by a few people could carry on playing their game there.

If I was a Council Tax payer/Business Tax payer in Salford, I'd be absolutely blazing if that happened.

[SimonG]

I can't get my head around the idea that a skint council could somehow find the money to buy the remaining share in the stadium for x million, so that they could then rent it out for bugger all, so that a minority sport that is skint and followed by a few people could carry on playing their game there.

If I was a Council Tax payer/Business Tax payer in Salford, I'd be absolutely blazing if that happened.

Has Liz Truss been appointed Chief Exec?

[dinogyro]

I can't get my head around the idea that a skint council could somehow find the money to buy the remaining share in the stadium for x million, so that they could then rent it out for bugger all, so that a minority sport that is skint and followed by a few people could carry on playing their game there.

If I was a Council Tax payer/Business Tax payer in Salford, I'd be absolutely blazing if that happened.

Has Liz Truss been appointed Chief Exec?

Deputy CEO Baroness Mone. She's got a bit of spare cash that needs to disappear somewhere.

[LJK]

This is a bit o/t on a rugby thread, but it is shocking how councils will spend money on these flagship projects and then can't fund substantial amounts of the basics they are voted in to run like social care etc. Some councils report they are skint but are sitting on assets that could be sold, to benefit their residents. I believe Bury has any number of valuable artworks, which aren't even on public display, but locked away in storage.
back to the rugby........ of course having said all that I hope a deal can be arranged re the stadium, as it must be of huge concern to all the longer the situation remains unsolved

[RuggerPleb]

I can't get my head around the idea that a skint council could somehow find the money to buy the remaining share in the stadium for x million, so that they could then rent it out for bugger all, so that a minority sport that is skint and followed by a few people could carry on playing their game there.

If I was a Council Tax payer/Business Tax payer in Salford, I'd be absolutely blazing if that happened.

Stockport did it to save County, and they are now on the rise again, top of League 2. The council's argument was that they spent X million to acquire an asset that was therefore worth X million, so it was a neutral move.

Sale did not come out of the Edgeley Park situation very well PR-wise, irrespective of the balance of the actual decisions/mistakes of Mr Kennedy and SCFC's owners. Even if we have done nothing wrong now, I don't want Sale Sharks associated with another cuckoo-in-the-nest situation where the local club fails after partnering with us.

For many years, Salford council have been very keen to push their brand-recognition away from Coronation St and post-industrial wasteland, and not be completely overshadowed by Manchester's council area. For years, while Manchester started to boom, central Salford was still derelict despite being a few meters away from the city centre - there was something tainted about the name, no-one wanted to live/work west of the Irwell. (Maybe like the old London "South-of-the-River" thing). Hence MediaCity - not just the move from London, but both BBC and ITV moving from Manchester and everyone involved being told to say they were now in "Salford". Having successful sports team(s) with the city name in it is part of the same belief/strategy.

Hard to say whether this actually matters, but Salford has certainly developed A LOT in the last ten years, so perhaps it has worked, the Rubicon/Irwell has been crossed and "Salford" is no longer a dirty word(/place?). Or maybe the investment would have happened anyway?

So overall... I'm a Salford Council Tax payer, and I'm prepared to go with it.

[RuggerPleb]

Some councils report they are skint but are sitting on assets that could be sold, to benefit their residents.

Isn't that just the national public finance policy of the 80s/90s - sell off the state assets to balance the books in the short-term. Then long-term, you have no assets.

A council selling off an asset this year may fund social care this year and balance the books without tax rises. Then what about next year, and the year after, and the year after... The public sector needs long-term investment and assets (albeit not the dodgy property deals done by some of the bankrupt councils in the south).

Whether a stadium and sports team is a significant asset is another debate...

[Flumpty]

So overall... I'm a Salford Council Tax payer, and I'm prepared to go with it.

If Salford council is cash rich and can make a commercial arguement for buying the rest of SCS from Peel and then renting at back to SCR on a peppercorn rent, then happy days.

Alternatively, if they're on their backside, don't have 2 pound coins to rub together and would be borrowing money/liquidating assets to buy the rest of SCS from Peel and then renting at back to SCR on a peppercorn rent, thats borderline lunacy.

Either way, is that what a Council should be doing ? I suspect the answer may depend on what you think a councils prime responsibilities are.

[dinogyro]

Part of a council's responsibility is to increase the economic prospects of an area. I would imagine that having a successful stadium draws in money from out of town. I live near Blackpool and wouldn't ordinarily travel to Manchester to spend money. But when I come to Sale, I buy two tickets at the ground, I book a hotel room, I eat out and go to a local pub. That's all money Salford wouldn't get without the stadium.

Whether a rugby stadium is a good idea is a different question!

[SimonG]

I can't get my head around the idea that a skint council could somehow find the money to buy the remaining share in the stadium for x million, so that they could then rent it out for bugger all, so that a minority sport that is skint and followed by a few people could carry on playing their game there.

If I was a Council Tax payer/Business Tax payer in Salford, I'd be absolutely blazing if that happened.

Has Liz Truss been appointed Chief Exec?

Deputy CEO Baroness Mone. She's got a bit of spare cash that needs to disappear somewhere.

My God. Liz Truss has proven to be hugely incompetent but in her defence she hasn't made millions through her Tory mates and been given a peerage for doing so (yet).

[JohnJ of HM]

Signed an extension for 1 year

https://www.bbc.co.uk/sport/rugby-league/67788200