The last two lines printed were:
[INFO] [Launcher:/installer] org.red5.server.service.Installer - Installer service createdAfter that i tried to run the server from the eclipse plugin but the same problem occurred. After waiting the following error was produced:
Logger context selector method found
Server Red5 Server Runtime at localhost was unable to start within 120 seconds. If the server requires more time, try increasing the timeout in the server editor.The solution is not related to the eclipse plugin but it relies on the port number that you entered during the setup of red5. The default port number is 5080 and it works fine with that port. During the setup i did not know what the default port number was so that was the problem.