Salford City Reds release statement after being given 28 days to clear debts

Salford City Reds have released a statement after the club was given 28 days to settle its debt with HMRC and two former players

Salford City Reds can confirm that the result of this morning’s court hearing was a further adjournment until Monday 4th February 2013.

This additional time has been granted following careful consideration of the current position regarding new investment into the business.

All concerned parties agreed that there was a real possibility that a positive conclusion could be reached and that this would be preferable to the execution of the lodged winding up petition against Salford Football Club 1914 Ltd.

– Salford City Reds statement

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Reds given 28 days

Salford City Reds have been given 28 days to clear debts it owes to HMRC and two former players.