Tag: Paul King

Salford Red Devils today announce a partnership with the Salford Credit Union in support of the Reds Rise Together campaign.

The Salford Credit Union offer allows supporters to back our bid to become the first elite, community-owned rugby league club and join the Founders Club.

Paul King, Managing Director of Salford Red Devils said:

“Supporters have asked for a route into supporting the campaign through a monthly payment option and the Credit Union offer allows for just that.”

“Salford Credit Union are a local institution with a history of supporting the local community and so we are pleased to have their support with this special campaign.”

Mark Brazendale, Chief Executive Officer of Salford Credit Union said:

“We’re proud to support the Reds Rise Together campaign and be the latest example of Salford supporting Salford. The Club are so important to the community and to enable more local people the opportunity to get involved is really exciting.”

Examples of a Salford Credit Union Loan are:

You can apply for online via the Credit Union’s website www.salfordcreditunion.com via the Personal Loan Section and completing the ‘Personal Loan – Non-Member’ Application Form. In the Loan Purpose box simply select ‘Salford Red Devils Share Ownership’ option. All applications will be treated as being confidential and following approval the funds will be transferred to your nominated Bank Account and then you can purchase your share directly with the club.

If you are already supporting the campaign, but would like to take advantage of the Salford Credit Union offer and join the Founder’s Club, here’s how you can do just that:

• Complete the Salford Red Devils CSO application on the credit union page here.

• Once funds have been received, visit our Crowdfunder page and make the £1,000 payment to join the Founder’s Club.

• Contact the club at owners@salfordreddevils.net with CU UPGRADE in the subject line providing full name and email address. We can then process the return of your original investment.

Salford Credit Union is an ethical, not for profit organisation with the aim of helping its members at the heart of everything it does. They offer savings and loan products to people living and working in Salford. All loans are fully regulated and are approved subject to status.

Salford Credit Union do not charge Loan Set up Fees, Administration fees or Charge for Early Repayment of the Loan. Interest is charged on the reducing balance, the quicker the loan is repaid the less interest will be charged.

Salford Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct authority and the Prudential Regulation Authority.

Information correct at time of publish. Salford Credit Union may use Credit Reference and Fraud Prevention Agencies to help make decisions. Only those living or working in Salford may apply for a personal loan with the Salford Credit Union. Salford Credit Union are often able to help people who don’t have great Credit Scores, but we regret we are unable to offer a loan if you are in a Debt Management Plan, Individual Voluntary Arrangement (IVA), Debt Relief Order (DRO) or have been declared Bankrupt within the last two years.

Salford Red Devils today announce that over £150,000 has been raised through the Reds Rise Together campaign.

Almost 600 people have pledged their support of the community share offer campaign which bids to make Salford Red Devils the first elite Rugby League club to become wholly community owned, though momentum has slowed approaching the fourth week of the campaign.

Paul King, Managing Director of Salford Red Devils said;

“It is a remarkable milestone to reach [£150,000 raised], and once again demonstrates just how much this club means to some people.

“It has been so touching to read the reasoning of those becoming shareholders on the Crowdfunder page, and know that others feel the same way about our great club as I do.”

“We’re less than £100k from the initial target, and whilst that can change quite quickly, momentum has really slowed as of late which is worrying.

“We’re approaching an important moment in the campaign – the final stretch – and ideally we’re through the £250k mark well before then and well on our way towards our upper targets.”

Salford Red Devils can also confirm that the club has rejected an offer for an unnamed player this week.

“A reflection of the progress we have made as a club in recent years is our hugely talented squad who are attracting offers from other clubs across the world, and who would potentially command significant transfer fees.”

“But one of the reasons we are doing this now is to ensure we can keep our playing squad together and compete at the higher end of the competition – it just feels counter-productive to move on members of the group right now so we will avoid doing so for as long as we can.

“That being said, it may be something we must consider sooner rather than later if we do not get back on track in the campaign.

“To those who have already pledged and are now making history with us, firstly thank you, and secondly, help us now go further by speaking to your friends and family about it.

“Get them involved right away, or get them along to the event on the 23^rd to learn more – this is such a special moment, not only for the club and the game, but for our local community too.”

What is the campaign?

‘Reds Rise Together’ is a community share offer which allows an individual to purchase a share in the club’s holding company – now a Community Benefit Society (CBS) – 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 it?

In the first instance, we are doing this to become the northern hemisphere’s first elite rugby league club that is truly community-owned and one that gives every member a voice – making history in the process. There are also further key reasons:

• Maintain as competitive a playing squad as possible that ccompete at the highest level.
• To unite our growing community behind a common-cause.
• 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?

It’s 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

Let’s make history. Together. #RedsRiseTogether