SALFORD RED DEVILS TO BECOME FIRST COMMUNITY OWNED ELITE RUGBY LEAGUE CLUB IN HISTORIC COMMUNITY SHARE OFFER LAUNCH.
Salford Red Devils have today announced the launch of βReds Rise Togetherβ, our community share offer scheme that will see the club transition wholly into the first elite rugby league club in the northern hemisphere to become a truly and legally community owned club.
We know that sports clubs are really owned by their communities of fans who care about them, but now weβre linking up that moral ownership with real, tangible, legal ownership.
Paul King, Managing Director of Salford Red Devils said;
βThis year weβre celebrating 150 years of a club at the heart of its community. Now weβre growing that community, as well as placing it at the heart of the club.β
βThe game has changed. IMG are in the business and with that comes a forward-thinking approach to how we move forward.β
βFor years, whenever weβve 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.β
βWe have a fundamental belief that sport belongs to the people – not a sole person; and by doing this weβre creating the opportunity for such likeminded individuals to join us and do something really special.β
What is it?
βReds Rise Togetherβ is a community share offer which allows an individual to purchase a share in the clubβs holding company – now a Community Benefit Society (CBS) β entitling them to a vote and eligibility to stand for election to the CBS board. Along with a host of other benefits, the overriding benefit is a collective one, meaning that together, we can take better control over the future of our club and continue to add meaningful value to our communities.
Why are we doing this?
In the first instance, we are doing this to become the northern hemisphereβs first elite rugby league club that is truly community-owned and one that gives every member a voice β making history in the process. There are also further key reasons:
1) Maintain as competitive a playing squad as possible that compete at the highest level.
2) To unite our growing community behind a common-cause.
3) Fulfil IMG criteria ensuring Category A status within the top-flight of Super League through high level Commercial and Marketing growth.
How can you get involved?
Itβs simple: buy a share and/or share the message far and wide!
To get involved or for further information, please view www.salfordreddevils.net/owntheclub, or to contribute directly, visit https://www.crowdfunder.co.uk/p/salford-red-devils.
Letβs make history. Together. #RedsRiseTogether
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