Castleford Tigers have officially welcomed major investor Martin Jepson to the Board of Directors.
Martin, whose company, Ergo, are sponsors of the club has now become a Director, Shareholder, and significant Investor in the club. Ian Fulton, Chairman and Mark Grattan, Managing Director, have been working with Martin and his finance and legal team for a number of months to conclude a deal that sees Martin become a 32% shareholder of the club, whilst also investing a significant 7 figure sum directly into Castleford Tigers.
In his first interview as a Director of Castleford Tigers, Martin said, “I’m delighted to finally conclude everything. I’ve been talking to the Directors for a while, it’s now nice to get it out in the open. I’ve followed this club all my life and I’m just so pleased I can do something for the club, and the town of Castleford.
“I grew up in the area, just a few miles from the ground in Garforth and I’m a lifelong Cas fan but haven’t lived here for 40 years. That being said, I make the trip here regularly for matches. I’m fortunate that I am able and in a position to invest and I think this is a real pivotal moment for the sport, and the club in particular.
Ian Fulton explains how the shares have changed ownership and what that means for him.
“Martin is definitely the right fit for Castleford Tigers and he has the same interests in the club as we do. I’m glad he’s now on board. It means we have another investor which can take the club to a different level. It’s taken some finding but we definitely have the right man for the job.”
“How the shares are now split as follows: Martin, Myself and Janet have a 32% share each, so we have an equal shareholding in the club. That isn’t a re-issue of shares, that’s come from myself and Janet.”
The club now have a much better chance of maintaining their Super League status despite finishing 13th in the initial IMG rankings which the club have since failed to appeal but are positive about the future.