Salford City Council has agreed a decision to take full ownership of the Salford Community Stadium, the home to Betfred Super League’s Salford Red Devils and Premiership Rugby Union side Sale Sharks.
The stadium officially opened in 2012 and has already hosted the Rugby League World Cup in 2013.
The decision to take full ownership will provide the council with full control of the stadium and its assets (currently Salford City Council owns 50%), including car parking areas and training pitches, with the development land around the site which will give the council the ability to shape the future of the area, with future impacts for rugby and sport and leisure across the city and regeneration of the area.
Detailed negotiations with the stadium company joint owner and stadium stakeholders, along with detailed legal and financial due diligence, now are bringing the final steps close to completion.
Salford City Mayor Paul Dennett said: “I am delighted that we are nearing conclusion of months of painstaking discussions. After being a joint owner, the council is set to take the reins and full control of the stadium and surrounding site.
“This will enable the council to deliver its aims and aspirations agreed earlier this year as detailed in the Strategic Statement of Intent, while also moving us forward in delivering the original intentions of decision(s) taken back in 2009/10. This includes securing the council’s long-term interests by controlling future redevelopment and regeneration of the stadium facilities and adjacent development land.”
Mayor Dennett continued: “We’ll be able to recommit to deliver the initial vision of a community stadium for the city and its people. The future will be grounded in a new sports & leisure and rugby strategy, with links to activity, culture and health and wellbeing and fair access and opportunities. These benefits will go far beyond activities on the pitch, with full development of the site creating an anticipated 790 new jobs, delivering £28million worth of social value and attracting £65 million of private sector investment.
“The city’s heritage and rugby history will be safe now for future Salfordians. We’re proud that the stadium is home to two important clubs, Salford Red Devils RLFC and Sale Sharks. We have celebrated the 150th historical and cultural contribution made by Salford Red Devils RLFC and the Salford Red Devils Foundation and championed Sale Sharks and the contribution the team has made locally since their move to the city in 2012. We are now looking to the next historical milestone and how this acquisition can continue to support both clubs.
“In a mission close to my heart, Salford Red Devils RLFC will retain their position playing in the City of Salford, which is why the Community Stadium was built in the first place all those years ago, along with it being a place to call home for Salford Reds and Sale Sharks."
Managing Director of Salford Red Devils, Paul King added: “This is certainly a big step in the right direction, and hopefully this can now lead to a swiftly agreed deal.
“I can’t understate how important the conclusion of the deal is for the club. We’ve stretched as best as we can for as long as we can to get even to this point today, and once the agreement gets over the line, it really does give us access to some transformative opportunities. Not only are there commercial benefits waiting for us, but we can finally apply for the matched funding pots that are available to us through the Crowdfunder.
“Whilst bringing forward a realisation of a shared vision based on what the stadium was originally built for, an agreement allows us to become a different Salford Red Devils - a secure, and self-sustaining Salford Red Devils that thrives within the City of Salford.”
Tony Sutton, the RFL Chief Executive, said:
“Salford City Council’s full ownership of the Salford Community Stadium is excellent news for the Salford Red Devils club, and therefore for the many community groups and young people with whom they engage directly, as well as through the work of their community Foundation.
"The city has been associated with Rugby League since 1896, when the Salford club joined the Northern Union, and the sport is therefore embedded deeply in the community and its history. The RFL has been delighted to engage with Salford City Council and the Greater Manchester Mayor Andy Burnham throughout a long and complicated process, and we will continue to do so as we work with Mayor Dennett and his team to continue to grow the numbers of people playing Rugby League in the region. We both thank and congratulate them for this positive outcome.”
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