SALFORD City Council is funding the new Salford City Reds stadium with a £22m loan and a contribution of land worth £6.7m.

The figures are revealed in the council's unaudited annual accounts for the year to March which are available to view at the municipal offices and online.

The council has formed a joint venture with Peel to deliver the 15-000 capacity stadium – which will be home to the Super League club by December 2011. The joint venture company, called COSCOS, will manage the stadium, with th......for the full story register now for free or login below...