HOME   ARCHIVE   GALLERY   SHOP   ABOUT US      
 

 
SALE SHARKS OFFER TO BUY SALFORD AJ BELL STADIUM ‘UNACCEPTABLE’
 

Star date: 24th August 2017

SALFORD COUNCIL TURNS DOWN SHARKS OFFER TO BUY LOSS MAKING STADIUM

Yesterday, at Sale Sharks media day, owner Simon Orange revealed that an offer has been made to Salford City Council and Peel Holdings, the joint owners of the loss making AJ Bell Stadium, to buy what many consider to be the Council's white elephant.

The offer, said Orange, "is above what it is worth", but this afternoon Salford Deputy Mayor, John Merry, told the Salford Star that it was "unacceptable".

Full details here...


Last week, Salford City Council granted another loan of £632,500 to its City of Salford Community Stadium (COSCOS), which it jointly owns with Peel Holdings.

The ground, now branded the AJ Bell Stadium, has continued to make huge losses, with the latest Council accounts showing a £1.459million loss last year, with net liabilities of £7.068million (see previous Salford Star article for full details – click here).

The latest loan takes the total outstanding amount owed to Salford City Council by the stadium company to almost £25million - £7.442million for 'operational funding', and £16.678million for the actual building of the stadium.

Yesterday, at Sale Sharks' media day, owner Simon Orange revealed that an offer has been made to Salford City Council and Peel Holdings to buy the stadium...

"We're in negotiations at the minute and, if we can't buy this stadium, then we're going to have to build our own because we have got to own and control our own destiny" Orange was reported as saying "We've made an offer but it's still early stages. I can't go into detail but the offer we've made we think is above what it's worth."

According to the latest COSCOS accounts, the 2015 cost of the stadium, including fixtures and fittings, was £20.07million but the 'operational asset' now has a 'net book value' of £5.86million. The 'investment properties', which the Star understands is the land around the stadium, is valued at £16.74million.

This afternoon, Salford Deputy Mayor, John Merry, confirmed to the Salford Star that an offer had been made by Sale Sharks for the stadium but that it was "unacceptable".

He added that a statement on the future of the Barton complex would be made shortly.


The Salford Star has asked Sale Sharks for a comment but as yet the club hasn't responded.


Main photo by Gareth Lyons


hedley hopper wrote
at 2:53:16 AM on Saturday, August 26, 2017
Well done Mary F for saying it as it is! Is our "Doyen" of Fashion Councillor Merry a Remora who has sucked onto financial sharks rather that the Sale Sharks? It is time to cut losses and recoup what Salford Council can, and sell the White Elephant that is the AJ Bell Stadium (not Community Stadium) which the Great Panjandrum who overestimates his own abilities fails to see. Come on those Labour Councillors and fellow Labour supporters who only pay lipservice to the Great Panjandum....grow some balls and ditch him and his ignite the bonfire of his vanities!!!
 
wrote
at 5:50:30 AM on Friday, August 25, 2017
It looks as if Sale might well move on. Where does that leave Salford? In the doo-doo!
 
Mary ferrer wrote
at 12:27:54 PM on Thursday, August 24, 2017
The stadium is bleeding the city dry.it's been open now 4/5 years and hasn't made a profit. In fact WE are keeping it a float.loans and interest come from the pot for main stream funding. Children's services,adult services,to name just 2.come on own up you all made a bloody big cock up and WE and our children will have to pay it all back.what happens if Salford Red devils move.it's on the cards.then you are all going to look like a right load off loosers. Don't like saying this."I told you so,right at the start"
 
Please enter your comment below:
 
 
 
Salford Shopping Centre
Salford Star Hoodies
Salford Star contact
Deli Lama
advertisement
 
Contact us
phone: 07957 982960
Facebook       Twitter
 
 
Recent comments
article: SALFORD COUNCIL NURSERY CLOSURE GOVERNMENT BOMBSHELL
My son attends Barton moss nursery. He has special needs, he has severe cerebral palsy and is developmentally delayed in all areas... [more]
article: SALFORD COUNCIL NURSERY CLOSURE GOVERNMENT BOMBSHELL
Safeguard these jobs to safeguard those children. It makes me sick to think a Labour Council seems to be using the vulnerable you... [more]
article: SALFORD COUNCIL NURSERY CLOSURE GOVERNMENT BOMBSHELL
If Salford haven't asked for help.shouldn't we be asking get them WHY.if this is the case how much more haven't they done over the... [more]
article: SALFORD COUNCIL NURSERY CLOSURE GOVERNMENT BOMBSHELL
That photo! Looks like Denet is not enjoying being Mayor.... [more]
article: SALFORD RED DEVILS AUDITOR ‘CASTS DOUBT’ ABOUT ‘COMPANY’S ABILITY TO CONTINUE’
In reality koukash is still in control, he could call in his debt at any time.... [more]
 
 
 
 
 
Days
Hours
Minutes
Seconds
 
 
 

Donate

Help the Salford Star...

all donations welcome

 
 

More articles...

SALFORD COUNCIL NURSERY CLOSURE GOVERNMENT BOMBSHELL

Star date: 20th February 2018

GOVERNMENT REVEALS THAT SALFORD COUNCIL NEVER ASKED FOR FUNDING FLEXIBILITY

Salford City Council recently announced that it was proposing to close all five of its nurseries. And yesterday Children's Lead Member, Lisa Stone, said that it was "a direct result of Government changes, which reduce the use of Dedicated Schools Grant."

However, this afternoon a spokesperson for the Department for Education told the Salford Star that "Any council that had concerns…could apply to the department for increased flexibility" in the Grant's use. They added that "The Department has not received a request from Salford for increased flexibility…" This is bound to increase pressure on the City Mayor to hold off the consultation on the closures.

Full details here…

SALFORD RED DEVILS AUDITOR ‘CASTS DOUBT’ ABOUT ‘COMPANY’S ABILITY TO CONTINUE’

Star date: 19th February 2018

SALFORD REDS ACCOUNTS SHOW ALMOST £9MILLION LIABILITIES

New accounts published for the Salford Red Devils show that the company made losses of over £700,000 last year and that it has net liabilities of almost £9million, including the £1million loan from Salford City Council.

Despite the directors insisting that restructures and changes within the club forecast a 'modest profit', its auditor states that the conditions "indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern".

Full details here...

SALFORD DESIGNER REACHES FINAL OF LIBERTY LONDON TALENT SEARCH

Star date: 18th February 2018

SALFORD MISSHANDLED IN 3-D

Salford's Amanda Tiller, founder of MissHandled, has beat off over nine thousand entrants to reach the final in a search by iconic department store, Liberty London, to find the best untapped interior design talent.

Amanda does hand-made 3-D geometric home accessories, and her wild and wonderful jesmonite Object of Desire has impressed Liberty buyers, who are now asking the public to help sway their vote before they reveal the winner.

Full details here...

HIDDEN SALFORD WORKING CLASS MOVEMENT LIBRARY REVEALED

Star date: 18th February 2018

FOR SALFORD PEOPLE WHO HAVE ALWAYS MEANT TO VISIT 'THAT BIG VICTORIAN HOUSE ON THE CRESCENT'...

On Friday 23rd February between 2pm and 5pm, Salford's 'hidden gem' Working Class Movement Library is holding a drop-in as part of a HiDDEN8 event.

"If you've kept meaning to drop into that big Victorian house on the Crescent, today's the day" states Lynette from the Library "We're targeting Salfordians who've always meant to come in for a nosey." Not to be missed.

Full details here...

HUNDREDS OF PEOPLE PACK SAVE OUR SALFORD NURSERIES MEETING

Star date: 17th February 2018 

MEETING VOTES TO TAKE ON SALFORD MAYOR IF NURSERY CLOSURE CONSULTATION GOES AHEAD

Despite pleas from Salford City Mayor, Paul Dennett, and various Labour councillors to work together to save the five Salford Council nurseries threatened with closure, a packed meeting of hundreds of people voted this afternoon to lobby and protest against the Council unless a consultation on the closures is stopped.

"They can't have a consultation to close the nurseries, and ask us to have a joint campaign" said UNISON's Ameen Hadi "The two things can't happen..."

Full details here...

 



written and produced by Salfordians for Salfordians
with attitude and love xxx