AJ BELL STADIUM MAKES HUGE LOSS AS SALFORD COUNCIL LOANS RISE TO OVER £24MILLION
Salford Council’s City of Salford Community Stadium company made a loss of £1.459million last year, its draft accounts reveal. The accounts also reveal that the total value of loans made by the Council to the AJ Bell Stadium, a joint venture with Peel Holdings, rose from £23.46million in 2016, to £24.12million in 2017.
Meanwhile, the accounts also confirm that Salford Red Devils owner, Marwan Koukash, hasn’t paid a penny back of the £1million debt to the cash strapped Council.
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