The statement also said that “an essential £1.8m investment” from an external backer, which had been anticipated for November 2024 had failed to materialise in the lead up to their takeover.
They also claimed that matters worsened when Salford City Council “unexpectedly withdrew” from negotiations to purchase the Salford Community Stadium home they share with rugby union side Sale Sharks.
At the time, the council cut ties with Jacobson Management, a group who had been introduced to the stadium by representatives of the Red Devils’ owners, as they were unable to carry out the required due diligence.
Despite this, the consortium said they were still willing to resume discussions with the council over a possible purchase of the stadium.
Salford, who have lost all but two of their 21 Super League games this season – conceding 940 points in the process – have six games of the campaign remaining.
They also face a rearranged winding-up petition from His Majesty’s Revenue and Customs (HMRC) on 3 September, having previously owed £500,000 before it was adjourned in June.