The Financial Decline of Salford City
Time to switch zone into 2014 with the class of ’92 purchasing Salford, Neville, Beckham, Butt, Scholes and Giggs alongside the Spanish Liga owner of Valencia Peter Lim to a fast track road, map dream to the Premiership hitting the buffers. The clubs breeze block has been the Singaporean Peter Lim to the tune of 21 million pounds, loans made to the club to offset the Ammies 23 million pound losses over a decade, the club is currently losing between 80,000 to 100,000 pounds a week. In August Lim relinquished his reins at the club with the big back burner shining bright, will Lim write off the 21 million pounds loan made to the club? Lim will be chewing over his fish head curry.
Gary Neville stepped down as chief executive in 2022 and handed that role to Nicky Butt who has since departed the position having smelt the butt end of the club’s underbelly on the pork scratchings and departed rapidly. The Ammies 2800 average attendance allowances will not signal a change of a money revival on that front. Clubs having whirlwind rides up the pyramid system can invariably hit a dead zone, to plummet, on the drop zone snake of the pyramid alongside financial implications. The Ammies rose from the Premier League (North) of the non-leagues with a rise from the Premier League North to League 2, a four division climb in a five season spin of the wheels, lipstick was applied to the pig and it worked, the Ammies rise from the depths, the club has been stuck in its present status since 2019, the bed of League 2, eight managers in nine years have held court in the dugout, courtesy of Gary Neville who seems to enjoy ones call to the Nev office for the managers, your sacked.
Questions have to be asked, what has been the overall input of the class of ’92 v the comparison to Peter Lim’s injection of cash into the club, it has to be said it’s miniscule, the need to put some serious hard yards into the club, not to just turn up as a celebrity, if that’s what they want to call it, the not so silent partners caught sleeping, away from the club you case lose the pulse of the club, do they want those photo calls, ring, ring, not at the moment, we are Salford City, the situation is dire, will a big fat cheque bail them out, most probably, but their seedless work to fall on their watch, it’s a mess, they have a responsibility to sort it, if David Beckham can write off wife Victoria’s yearly debts syndrome affiliated to Posh’s failed fashion shows, then he can write the Ammies debts off, but will he? Not so Posh. Yes, we can praise their work with the overall view picture, an outstanding achievement to sphere into League 2, but they’ve taken their eye off the Salford Castle built on new sketchings, is liquidation an option? Ryan Giggs for his part was titled the head of recruitment, is that of Barbie Dolls, Giggs has plenty of them on the window sill.
Outside of the ’92 class but skipper of all glad sailings, the combustible captain of the ship, Roy Keane in those playing is a regular spectator at the Ammies without any input into the club. Keane became embroiled with the MK Don’s goalkeeper Tom McGill, while sitting in the Salford stand publicly airing his distain towards McGill for having too many touches of the ball and threatened to wait outside the dressing room for him, it’s time for Keane to dip into one’s pocket if he wants to have an involvement stance, then we can listen with some relevance. Similar sketchings at Wrexham AFC has driven the Welsh dragon up the pyramid, would the Hollywood duo of Reynolds and McElhenney have hung around if the club hit a road block? Could it be the case at Salford, to bail out? On a commercial level Wrexham are on a different universe with the club model of a different concept to Salford. The club are looking for investors, but that’s a long shot, can the club solve their financial decline? Is that a shot too long? Link to articles Jan 9th 2023 Neville, Salford City and the Smokescreen Hotel Debt, Neville’s Regrets? November 1st 2022.
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