: Wed Nov 26, 2008 9:15 am
From the main site
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There is exciting news on the Reds’ new stadium project as the green light has now been given by the administrators Begbies Traynor for the land to be placed back in the club’s control after the conclusion of the voluntary administration process of Red City Developments.
With the position regarding Red City now finalised, control of the development land has now passed to Peel Holdings - the club’s preferred developer partner who will now proceed to finalise the project in readiness for work on the stadium to commence. The new revised scheme and plans for the City’s showpiece circa £30m stadium will be announced as early as possible in the New Year.
The Reds are due to move into their new home in 2010 and with the might of Peel Holdings and the City of Salford now firmly behind them are keen to stress that the development is very much alive, despite several hold-ups and the current credit crunch.
Reds’ Chairman John Wilkinson said, “This is great news for the club and its fans and means we can now continue with our exciting plans. The Club, The City and Peel Holdings have stated that our new home will be among the best in the country, and we will not falter in any way to compromise on that quality simply to speed things up.
We are grateful to our developer partners Peel Holdings who have certainly gone the extra mile to deliver the land bank back into the development. Peel has shown a great commitment and energy to the development and we are indebted to them for their help during this crucial period.
We are in hard times and while we acknowledge that the development is certainly taking a great deal of time and effort to finalise, it will get off the ground albeit later than we would have liked.
Peel Holdings are now tasked with delivering the stadium as our preferred developer, and both the Club and the City of Salford are excited by the prospect having seen their commitment, energy and ability at first hand.
Peel Holdings are among the premier developers in the country and we are working very closely with them, having received commitment from them at the highest possible level.
I do understand the frustrations of our loyal fans who are suffering through this with us but they must be patient a little while longer and continue to trust us to do the right thing - we will deliver.”
Peel Holdings Property Director Mike Butterworth said, “This development is now in the safe hands of Peel Holdings, we look forward to and are committed to delivering the quality stadium that the City, the Club and their supporters deserve.
Whilst it has been a long drawn out process for all concerned, we are now finally in a position to move forward and create a deliverable vision that will meet and exceed the expectations of all parties.”
Salford City Reds urged their fans to snap up their 2009 Season Ticket before the Christmas Eve deadline to claim their free team shirt and book their place in what is set to be a historic season at The Willows.
Reds CEO, David Tarry added: “Today’s news will be a great boost for our supporters who have waited long and patiently for this project to begin in earnest.
With Peel controlling the development I feel that we are now in a position to make things happen, and all of this at a time of global economic turmoil. Peel’s continued support for such a significant landmark development even during such difficult times for the construction industry confirms their genuine commitment to the delivery of this project on time“.
