Former Salford Red Devils owner Marwan Koukash declared bankrupt

[josie andrews]

FORMER Salford Red Devils owner Marwan Koukash has been declared officially bankrupt.

It’s a name that the rugby league fraternity know like the backs of their hands with the Palestine-born racehorse owner entering the 13-man code in 2013 before exiting in 2018.

Among the way, Koukash rebranded Salford City Reds to Salford Red Devils, splashing the cash to bring the likes of Rangi Chase, Gareth Hock, Francis Meli and Tony Puletua

However, after five years, Koukash sold to a fans’ consortium.

Now, an individual insolvency case for bankruptcy has revealed that Koukash has been stripped of all his assets, following an order given on 13th September 2022.

The report states: “The Insolvency Case Details are taken from the Court Order made on the Order Date, and include the address(es) from which debts were incurred. They cannot be changed without the consent of the Court.

“The Individual Details may have changed since the Court Order but, even so, they might not reflect the person’s current address or occupation at the time you make your search, and they should not be relied on as such.”

Koukash was declared bankrupt at Liverpool’s County Court with the findings been revealed yesterday afternoon, with the words: “Status: Currently Bankrupt : Automatic Discharge will be 13 September 2023”.

Avid horse racing6 fans had been wondering why none of Koukash’s four-legged stars were set to run at Chester.

https://www.totalrl.com/former-salford- ... -bankrupt/

[fozzieskem]

And he was seen as the saviour of our sport by some...

[Caboosegg]

And he was seen as the saviour of our sport by some...

He did save Salford though and his time was pre leaving the EU and Covid.

Can't imagine owning race horses was anything but a drain on finances during lockdown and any business with supply chains has been hammered by Britain becoming a "sovereign" nation again.

[doc]

Wasn't his money made from property development? No shops'offices open + no /reduced rents etc. Also any loans used to finance his businesses will be facing higher interest rates. His other business interests must have taken a hit as well. He could have potentially been hit hard by Brexit, covid and inflation.

It's a shame because I quite liked him as he was a breath of fresh air to RL.

[fozzieskem]

And he was seen as the saviour of our sport by some...

He did save Salford though and his time was pre leaving the EU and Covid.

Can't imagine owning race horses was anything but a drain on finances during lockdown and any business with supply chains has been hammered by Britain becoming a "sovereign" nation again.

Not sure he saved anyone he seem to leave them in the same.place as he found them.but he ways seemed to be a bit of a blow hard without ever really following things up but each to their own

[pearsy]

Probably lost his money baking one of his horses

[craigo]

Bankrupt does not mean bankrupt. He will be ok

[medlocke]

Probably lost his money baking one of his horses

Need a big oven for that

[pearsy]

Bloody hyper text again

[medlocke]

Bloody hyper text again