ProgrammerThrower - you never disappoint!!

Very good at words. For the last two months that's all they have given you and they are still doing it.

One explanation could be that player contracts run between November and November. November is usually the time pre season training begins and new players/signings officially start. The term 'Out of Contract' simply means they won't be contracted to play for Salford in the 2013 season.

Also when did Luke Patten first come over to Salford? Didn't the club make a special allowance for him to join the club later than usual in January 2011. In my book 2 years from when he actually started working for the club would actually be January 2013.

No that was the image rights dodge. I'm talking about the lump sum at the end of the contract dealy, farmed out to offshore accounts.

That Made me laugh coming from a Leigh Fan, your BOD have been doing it for the last month, We will take 5 wigan players next year but will claim we are not in a partership!, Deny everything even though everyone knows Your wigans Bitches !!!!

Oh hello faxhali. See you are still being selective with your words. I think it wad actually along the lines of upto 4 or 5 players on DC who won't necessarily play. Shut your hole until the end of the season and you can come back with Halifax (leighs new bitches) took no one on loan or DC in 2013. As it is at least one of the players identified looks like he'll be going to Salford instead.

Ahahahaha, Love the Banter, Yes, fax got bitched last year by leigh, Fair play, cant argue with that one......
We may take a few loaned players but wont be getting any dual registered players as there will be none left with all this twinning Bollox. Im looking forward to next years games to be honest. Will be even more competative than last year.

Can you children play elsewhere, please? Thanks.

Tuesday apparently menmedia.co.uk/manchesterevening ... or-tuesday

Tuesday apparently menmedia.co.uk/manchesterevening ... or-tuesday

Quote ="irlamreddave"Tuesday apparently menmedia.co.uk/manchesterevening ... or-tuesday'" Do we think there will be a huge media conference, a new logo for a new era, the parading of a marquee signing and the launch of a new kit?

Quote ="irlamreddave"Tuesday apparently menmedia.co.uk/manchesterevening ... or-tuesday'" Do we think there will be a huge media conference, a new logo for a new era, the parading of a marquee signing and the launch of a new kit?

The only Marquee will be where the media conference is held.

And that will get blown away!

What we're signing Yorkshire red?

Surprised to hear we (Salford FC 1914) Ltd were down in Court again this morning. I thought there was a CVA in place. Any reasons please?

That's interesting. Perhaps it was just a formality. I wonder if a creditor has declined entering into the CVA.

Wasn't the petition simply adjourned at the last hearing? Court appearances will continue until the petition is dismissed.

I get a little confused with this CVA stuff.

Is the former company (Wilkie and Clague) putting forward a proposal for a CVA? If so why, that business doesn't exist anymore.

If it is the new company, that's worrying, if we can't pay the debts how can we pay these stars?

The company still exists and is entering into a CVA. The club is being run by a newco.

Seems an odd way to deal with the debts, have we paid off HMRC adn the players and this is a deal to deal with the council?

All the old liabilities are with the Salford Football Club ( 1914) Ltd
the CVA proposed was a complete payback of all creditors but over a 5 yr period , maybe some remaining creditors have knocked it back.


all current activity with Dr Koukash- Andrew Chalmers ( newco ) is under Salford City Reds ( 2013 ) Ltd.

And there doesn't appear to be any change in ownership of Salford Football Club (1914) Ltd - nothing registered at Companies House since 8th December when the accounts were filed - curiouser & curiouser said Alice!

A Newco usually is independent of the parent, the debts stay with the parent. This is usually after a club goes into administration and a buy out happens.
That's why Rangers NewCo didn't receive any money from players that left.

Was the petition dismissed today?

Not sure but I think all creditors have to agree and have to be treated equally but I could be wrong.
I assume the Wilkinson loans were converted to equity and are lost forever,unlike the creditors who will be paid over 5 years.
I think the carrot is to tell people that,if they don't agree to this,the firm will be liquidated and nobody will receive anything.
The CVA might well have been a RFL stipulation to allow the Rugby franchise to be transferred to a Newco.

Also to avoid a points deduction. I imagine there are benefits for Koukash here if he is indeed paying off the debt. For one, the newco doesn't inherit a bad credit history.

[url=http://www.thebusinessdesk.com/northwest/news/438677-debt-negotiations-go-on-for-salford-reds.html?news_section=4158Debt negotiations go on for Salford City Reds[/url