Salford's 2024 Accounts Flagged a Cash Crunch. The Club Doesn't Exist Anymore.

In the 2024 Super League season covered by these accounts, Salford finished 4th on 32 points, their best regular-season placing in years, only to be knocked out in the very first round of the play-offs, beaten in the eliminators by 5th-placed Leigh Leopards, who went on to reach the semi-finals themselves.

Turnover and staff costs aren't disclosed in this filing, but the numbers that are disclosed are stark. A loss before tax of around £1.5m sat alongside net liabilities of roughly £5m and estimated borrowings of around £4m, among the highest debt loads of any club in this dataset. Set against that £4m of borrowings, current assets came to only around £0.5m, one of the thinnest liquidity cushions in the whole dataset, and cash in the bank was close to nothing at all.

Employee numbers also fell by roughly 11% over the year, a contraction rather than the growth seen at several other clubs in this data, consistent with a club already trimming costs before the position became public.

A current asset base that small next to that much estimated borrowing is exactly the kind of mismatch that turns into a solvency story once cash actually runs out, and for Salford, it did.

Balance sheet snapshot

Roughly £4m of estimated borrowings sat against only around £0.5m of current assets, a liquidity gap wide enough to be a genuine red flag even before results are considered.