Salford City Reds’ Winding-up Petition Adjourned Due to Substituted Creditors
October 29 2012
Salford City Reds, the club run by Salford Football Club Company (1914) Ltd, has had it’s winding-up petition adjourned by the Companies Court to 7 January 2013, having been taken over by the substitution of two players as petitioners.
The original petition by consultants Steuer Gregsson was settled and was set to be dismissed save for the substitution. Media reports over the weekend indicated that Reds players Luke Patten and Vinnie Anderson had decided to support and then take over the petition after not being paid.
Salford City Reds issued the following official statement:
“As was reported recently, Salford City Reds were in court this morning in relation to a winding up petition brought by management consultants Steuer Gregsson.
The result of the hearing was that Steuer Greggson withdrew the petition as the matter had been settled between themselves and Salford City Reds prior to the court date.
The hearing was adjourned as expected until 7th January 2013 due to two players attaching themselves to the petition, however the club maintains that payments owed to these players will be made on time and in advance of the second court date.
This matter relates to contractual payments not due to be made until the end of November.
The Club are still in discussions regarding future investment. Meanwhile we welcome the players back to training in approximately one week and look forward to the new campaign.”
If the above statement from the Club is factually accurate and the debts to the two players are not yet due and there is no debt owed to each player in the sum of at least £750, then the two substituted players are liable for all the costs of the petition of and occasioned by the substitution.
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