Former Salford Red Devils owner Marwan Koukash has been officially declared bankrupt.
Koukash became a prominent figure in rugby league from 2013 onwards when he took ownership of the Red Devils but having left the club it seems financial troubles have found him.
He was keen to splash the cash at Salford though and in a busy first year in charge, the Palestine-born businessman signed the likes of Rangi Chase, Gareth Hock and Harrison Hansen with coaches such as Brian Noble, Iestyn Harris and Ian Watson involved during his tenure.
January 2018 saw him sell his share in the club after a lack of success and that sale saw ownership transfer to a consortium of long-standing supporters.
Since then he had continued his passion of owning race horses but that may no longer be the case as he has been declared bankrupt.
An individual insolvency case for bankruptcy has been unearthed showing that Mr Koukash is now stripped of all his assets, with this having been ordered on 13th September 2022.
Per the report details it states.
“The Insolvency Case Details are taken from the Court Order made on the Order Date, and include the address(es) from which debts were incurred. They cannot be changed without the consent of the Court.
“The Individual Details may have changed since the Court Order but, even so, they might not reflect the person’s current address or occupation at the time you make your search, and they should not be relied on as such.”
That declaration of bankruptcy came at the County Court in Liverpool but the details of this were only extracted today on the 10th May 2023.
Among the paperwork is the dooming words for Koukash.
“Status: Currently Bankrupt : Automatic Discharge will be 13 September 2023”