Former Salford chief, whose house is on the line, returns in bid to save club
Salford director Paul King admits his house is once again his personal guarantee as he fights to keep the club afloatSTEVE MCCORMICK/SALFORD RED DEVILS
SALFORD’S former boss has returned as he looks to save the club – and his house.
Paul King left after the Red Devils were taken over by Sire Kailahi and Curtiz Brown.
Paul King is back at Salford Red Devils as the club teeters on the brink of collapse
But after it turned into a disaster, with administration or a winding up order looming, he has come back to try and make sure it survives.
Any sale or saving of the club would also in turn save his home, which he has put up as a guarantee against loans taken out both last year and this.
Now SunSport can reveal they are said to owe payday loan firms a staggering £1.1 million, with £900,000 alone to Oldham-based WeDo Finance.
On top of that, HMRC are £500,000 short – which is most likely to see action – and the Rugby Football League a similar sum.
Then there are operating costs as well, pushing the total to somewhere between £2.5 million and £3 million.
SunSport has learned two parties are interested in Salford, NRL side Sydney Roosters and one UK-based group.
MOST READ IN RUGBY LEAGUE
STAR’S BATTLE
Rugby legend reveals he has prostate cancer as he urges others to get tested
BAC-KING
Former Salford chief, whose house is on the line, returns in bid to save club
FRENCH LESSON
Theo Fages out to send a message to Catalans’ critics with Wembley return
WHY?
Luke Keary asked to explain his ‘near unwatchable’ rugby league claims
NOTION’S 11
How Super League may work should stricken Salford go under this season
RUCK OVER
Shocking moment enormous brawl breaks out in rugby league after ‘horrendous hit’
However, it is thought the Australians’ bid depends on whether the stadium is involved and the competition Down Under buys into Super League.
Officially, Kailahi and Brown are still working towards a stadium and land deal, which would finance their ‘Salford project.’
However, the city’s council, which currently owns it, is said to have set a deadline after seeing the mess they have made of the club, with the man they brought in to run it, chief executive Chris Irwin, sacked.
Meanwhile, the Rugby Football League has put up a wall of silence around how Kailahi and Brown passed the fit and proper persons’ test.
Several questions were put to the governing body but it insisted it would not comment as, ‘the view is details of process are confidential.’
Related Posts:
Whose Diamonds Are Worth More? A$AP Rocky Competes With Rihanna for Most Expensive Jewelry During Photo Shoot Entertainment <p id="par-1_55"><a href="https://www.cheatsheet.com/tag/rihanna/?swcfpc=1" target="_blank" rel="noreferrer noopener">Rihanna</a> and <a href="https://www.cheatsheet.com/news/asap-rocky-net-worth-high-touch-rihanna.html/?swcfpc=1">A$AP Rocky</a> recently showed off some serious bling during their photo shoots. Riri sported a huge diamond ring on her finger when she unveiled her Savage x Fenty campaign for the lingerie line’s bridal collection in April. Then, in May, Rocky posed with…
Former England U20 star who’s dating Coronation Street actress wakes up unemployed after release from EFL club Sports FORMER England U20 ace and Everton academy graduate Ryan Ledson has been released by Preston North End. Ledson, who is dating Coronation Street star Lucy Fallon, leaves Deepdale after seven years following the expiration of his contract. Getty Ryan Ledson has been released by Preston North End[/caption] Splash Ledson is…
Oversight commission, frustrated with probation chief, weighs subpoenaing future appearances News The Los Angeles County Probation Oversight Commission is considering using its subpoena power to compel Probation Chief Guillermo Viera Rosa to show up at future meetings and stay long enough to answer questions. The commission’s hostile relationship with Viera Rosa hit a boiling point Thursday, May 8, when the chief…
What's known about Springfield men told by Homeland Security chief Kristi Noem they were being deported News Homeland Security chief Kristi Noem kicked off her Springfield visit Wednesday with a photo op at a federal facility as agents fingerprinted two Guatemalan men marked for deportation. But her agency did not explain what public threat they posed, even as she blasted Illinois’ sanctuary policies. Now WBEZ and the…
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok
