Salford Red Devils rugby league club has undergone a significant change in ownership, with a consortium led by Dario Berta taking control. The takeover eliminates the club's debt, secures its long-term future, and promises substantial investments for growth.
Salford Red Devils have announced a significant shift in ownership, marking a new chapter for the rugby league club. A consortium led by businessman Dario Berta, CEO of investment bank Matanel, has completed a full purchase of the team, gaining approval from the Community Benefit Society (CBS). This move clears over £1.5 million of debt owed to Salford council, a testament to the financial stability the new ownership brings.
The town hall, having recently acquired Salford Community Stadium for £7 million, has pledged its support to the club's long-term vision, including plans for stadium development and revenue-boosting strategies. The new owners have pledged to inject 'significant investment for the future growth of the club'. A process is already underway to recruit a new internal management structure, led by recruitment experts KinseySears. Chris Irwin, with previous experience as chief commercial officer at both Salford Red Devils and Exeter City Football Club, has been appointed as the club's new chief executive officer. Mr. Irwin met with Head Coach Paul Rowley, captain Kurt Haggerty, and the current men's first team squad earlier today at the Salford Community Stadium, signaling the start of a collaborative approach.Dario Berta, leading the new ownership consortium, expressed his enthusiasm for the future, stating that this is the start of a “very bright and successful future” for Salford Red Devils. He acknowledged the achievements of the existing team, led by Paul King and the CBS, including the celebration of the club's 150th anniversary, a Betfred Super League Grand Final, a Challenge Cup Final, and successful navigation through challenging periods like COVID. He emphasized his commitment to working with stakeholders and fans to build sustainable success on and off the pitch for the long term. Paul Dennett, Salford city mayor, welcomed Dario Berta to the city and expressed his eagerness to collaborate on creating an exciting future for Salford Red Devils, building upon the successes of the past five years
Rugby League Salford Red Devils Takeover Investment Debt Clearance
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