winding up

A winding-up petition filed against troubled Super League side Salford Red Devils has been adjourned for a second time.

In 2016, supporters asked the Welsh Rugby Union to intervene in the ownership of the club and, in 2018, it faced another winding-up petition in court, which was later dismissed, following the collapse of the club's owner Mike Cuddy's construction business Cuddy Group.

In their latest report, insolvency experts at Begbies Traynor said a company can be considered in critical financial distress if they have an outstanding county court judgment of over £5,000 or face a winding-up petition.

In November 2015, the club was sold to Kelvin Thomas and the Cobblers avoided a winding-up petition over an unpaid debt to HMRC, allowing focus to return to the pitch.

Rival developers Country Garden and Shimao have also been hit with a winding-up petitions in the city.