Salford Red Devils announced huge news about their future and ownership.
Rugby league has always been about community and the Red Devils are now set to embrace that themselves as they bid to become the first elite rugby league club to become community owned.
They’ve launched their ‘Reds Rise Together’ scheme today which will be the kickstart and drive for the club to make the transition to become wholly and legally community owned.
Individuals will now be able to buy shares in the club’s holding company with those shares coming with voting rights and also the eligibility to stand for election to their ‘community benefit society’ board.
Paul King, Managing Director, explained in further detail: “This year we’re celebrating 150 years of a club at the heart of its community. Now we’re growing that community, as well as placing it at the heart of the club.
“The game has changed. IMG are in the business and with that comes a forward-thinking approach to how we move forward.
“For years, whenever we’ve been close to something, we have had to sell our best players. This year we opted to change that. Now by doing this, it allows to maintain a competitive playing squad and gives us a real chance to win the biggest prizes in the game.
“We have a fundamental belief that sport belongs to the people – not a sole person; and by doing this we’re creating the opportunity for such likeminded individuals to join us and do something really special.”
The club have now revealed that they have made £50,000 from this initiative in one day.
Thus, the future is bright for the club.
We surpassed a total of £50,000 within the first day of our community share offer campaign!
Together, we're making history. 👊#RedsRiseTogether | 👹
— Salford Red Devils 👹 (@SalfordDevils) April 26, 2023
Fuck the RFL
April 27, 2023 at 2:50 am
PITTANCE!!! Salford should not be in Super League until they have a proper backer!!