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salford red devils After a hearing in the specialist company court, he has been given two more weeks to repay his loan.
The company that owns the team salford City Raids (2013) Ltd was issued a winding up petition by HM Revenue & Customs in May.
At a short hearing at the Insolvency and Companies Court on Wednesday – the third since the petition was issued – barrister Josh O’Neill for HMRC asked for the club to be closed.
lawyers Because the club told the court that the loan had to be paid in full and asked for a two-week adjournment.
Chief Insolvency and Companies Court judge Nicholas Briggs granted a stay until 12 November pending “full payment” of the club’s debts.
Salford have been beset by financial problems throughout the season, operating under tight salary cap restrictions after failing to pay players and staff on time, and several star players have been released during a campaign in which they finished bottom of the Betfred table. super league Situation.
Earlier this month, it was confirmed that they have lost their place in next season’s expanded top flight, having been temporarily relegated to the Championship for the 2026 campaign, and head coach Paul Rowley has subsequently moved to join the st helens,
Their troubled season comes after a consortium led by Swiss businessman Dario Berta completed a takeover in February this year.
Alexander Bunzl of the Salford City Reds told the hearing that “more than sufficient” funds were going to be available so that the case could be “quickly dealt with”.
“We want a further adjournment of 14 days to complete the process of bringing about the changes,” he said.
Chris Synever, supporting creditor Funding Cash Advance Ltd, said his client was owed more than £200,000 and also asked for the club to be wound up.
Mr Bunzal told the court that the money that would be available would be enough for the club to pay all its creditors.