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Total losses at Salford now over £9m

Salford City lost £65,000 a week in their first season in the EFL in 2019/20 and total losses now exceed £9 million.  Football finance guru Kieran Maguire comments that it is 'Disappointing that the club takes advantage of legislation to only show the bare minimum information. Other clubs such as Carlisle in L2 are far more transparent.'

The parent company of Salford City Project 92 Ltd publishes far more transparent accounts and showed a loss of £3.7m in 2019/20.  Salford owe owners Project 92 Ltd £5.8 million at 30 June 2020. Owners also put £2.5m into club via a share issue. 

Project 92 borrowed £3.8m in 2019/20, probably from shareholder Peter Lim.    Project 92 have ‘other creditors’ of over £12m, again likely to be from Peter Lim

Project 92 wages more than doubled in 19/20 following promotion to EFL. Wages were £121 for every £100 of revenue, the sort of ratio one might find in the Championship.

Salford signed players for £280k in 2019/20. Not possible to determine sales due to lack of transparency

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