Sport

The latest on Salford Red Devils’ financial situation as ‘winding-up’ petition is adjourned

Their monetary struggles will be revisited in September, but here's what we know so far.

Danny Jones - 26th June 2025

The current situation at Salford Red Devils is far from ideal, with the rugby league team currently owing hundreds of thousands of pounds in debt, not to mention facing further stress over finances with players owed wages, key personnel leaving and remaining uncertainty over future ownership.

So, why is the board expressing reassurance among supporters following the recent adjournment of a ‘winding-up’ petition, and what exactly does this mean?

It is no doubt a complex issue, but with the season concluding in October and the Greater Manchester club essentially being given a stay of execution, for lack of a better phrase, it’s possible that a corner could hopefully be turned soon.

Here’s everything we know so far about the situation in Salford and where the Red Devils’ finances are currently at.

Salford Red Devils’ finances and more – explained

For a start, they’re late on payroll again this month.

Salford Red Devils players have been told they will not receive their salaries today.https://t.co/ofHTR0uZyN
— Matthew Shaw (@M_Shaw1) June 26, 2025

How much do Salford Red Devils owe and why?

According to recent reports, Salford Red Devils owe more than half a million pounds to His Majesty’s Revenue and Customs (HMRC) at present, with current estimates said to be in the region of £600,000.

The Super League side has fallen into debt due to a number of factors: their own performance as a business, cuts to local funding and a period of spending in terms of recruitment and pre-season preparation under the assumption of a subsidy from Salford City Council (SCC).

However, this would-be uplift – despite it being promised late last year – never came as the Council (having already provided £315k in ‘immediate’ financial aid back in March 2024) U-turned on the decision after it was revealed further backing was not in the budget.

SCC ended up owing around £2 million itself after stepping in to save both SRD and fellow rugby league outfit Swinton Lions, handing out loans to both clubs even prior to purchasing Salford Community Stadium and the surrounding area.

The Council ultimately shelled out north of £7.7m to buy the ground and sever commercial ties with previous owners, Peel. They had hoped to further alleviate pressure on the club, but Salford Red Devils (SRD) had already spent the money they were expecting to receive on new players, training and more.

SRD were then told to sell off a number of players by the league.

Salford Red Devils issue statement after being ordered to sell players by Rugby Football League

Former CEO Paul King was also parachuted back in to try and save the club after his predecessor left almost as quickly as he came.

What is the ‘winding-up’ petition?

With all this in mind, something called a ‘winding-up’ petition – basically a document sent by creditors that demands the immediate liquidation of a company/organisation that owes them money – was filed by HMRC back in May, with the tax authorities demanding payment of the outstanding sum.

However, special dispensation appears to have been made not only due to the complicated and unforeseen circumstances Salford have faced along the way, but also for the sake of the Rugby Football League (RFL) itself, with the Red Devils still seen as a valuable sporting and community asset.

One of those unexpected twists was the takeover by a new consortium led by Dario Berta, whose investment failed to clear in time and resulted in the club being hit with the financial sustainability problem that saw them cutbacks.

In a small bit of good fortune, it has now been decided that the petition to liquidate the SRD has been postponed, though not indefinitely.

As expected, there is good news that the winding-up petition filed by HMRC against Salford Red Devils has been successfully adjourned by the club's representatives in London until after the season has finished in September.

It's important to focus on supporting Salford as they…
— The Game Caller 🗣🎙📻 (@TheGameCaller) June 25, 2025

What could happen next?

The date for coughing up what debt they owe to the tax authorities has now been pushed back to September, meaning they have until then to find the finances, or else they could very well be made insolvent in a matter of months.

However, as per BBC Radio Manchester, those involved in the ongoing process are “confident” that bridging loans will be put in place over the coming days to keep HMRC at bay.

And, nevertheless, head coach Paul Rowley has insisted that he can see “green shoots” starting to emerge around the club, despite still sitting bottom of the table with just one win to their name.

What’s for sure is that the local area isn’t giving up on them, with numerous fundraisers and charity events being set up to help support the club via the official Salford Red Devils Foundation.

Fingers firmly crossed that there is light at the end of the tunnel.

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Featured Images — Antony Parkes (via Geograph)/Salford Red Devils (via website)