Salford City lost £65,000 a week in their first season in the EFL in 2019/20 and total losses now exceed £9 million. Disappointing that @GNev2 takes advantage of legislation to only show the bare minimum information. Other clubs such as Carlisle in L2 far more transparent.
Salford signed players for £280k in 2019/20. Not possible to determine sales due to lack of transparency
Salford owe owners Project 92 Ltd £5.8 million at 30 June 2020. Owners also put £2.5m into club via a share issue.
Parent company of Salford City Project 92 Ltd publishes far more transparent accounts and showed loss of £3.7m in 19/20
Project 92 borrowed £3.8m in 19/20, probably from shareholder Peter Lim
Project 92 wages more than doubled in 19/20 following promotion to EFL. Wages £121 for every £100 of revenue.
Project 92 have ‘other creditors’ of over £12m, again likely to be from Peter Lim
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