Martin Jepson has confirmed he has activated his option to purchase Castleford Tigers. The local businessman becomes the majority shareholder at Wheldon Road, buying the shares of Ian and Janet Fulton.
Jepson initially agreed takeover terms at Castleford in October, with an option agreement to be triggered before January 31. That date was extended at the start of the calendar year, with the agreement now triggered to allow Jepson to take full ownership and complete his takeover.
He revealed plans to restructure the board when the initial agreement was struck and in a statement published on the Tigers’ website, he has stated that changes will be announced in the not too distant future.
Jepson has also announced his plans to ensure the Tigers can be completely sustainable for ‘many generations’.
Castleford Tigers takeover completed
“I am delighted to now be the majority shareholder of my boyhood club,” Jepson said as he addressed the Tigers faithful. “I have been a Castleford fan all my life and I know what the club means to so many families in the area.
“I have taken my time to exercise my option to firstly understand the financial position and the day to day management of the club, and secondly to give me time to talk to other like minded people interested in joining me on this journey.
“I hope to be making further announcements regarding the Board of the Club in the near future.
“I am totally committed to seeing a stronger Castleford competing in the Super League and the Club being sustainable for many generations to come. This is an exciting time to be associated with Castleford whether you are a fan, a sponsor or a business partner and I look forward to you joining me at Wheldon Road to cheer on Danny and the boys.”
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