Connect with us

Super League

Two parties interested in completing takeover of Super League club

Castleford Tigers Jungle

Castleford Tigers are doing it tough at the moment and the club sadly have a lot of disgruntled fans.

The Tigers have tonight put out a statement addressing the state of the club including the ownership of the club.

The statement read:

“We are aware of recent speculation circulating about a potential takeover of the club. Ian Fulton and the Board of Directors have made it clear on numerous occasions that they are merely custodians of the club and for the last 10 years the club has had to be run as a business. The board are proud that over that period, they have managed to run the club on a sound footing while also winning its first-ever League Leaders Shield and appearing in a Grand Final and a further two Challenge Cup Finals.”

They went on to confirm that the club have had a number of interested parties:

Over the past five years, we have been in discussions with various people/consortiums to either come in and invest or take over and run the club. On most occasions, they have been looking to finance the stadium and land to run the club which is not a model for success and sustainability. We had one potential buyer in discussion just before the pandemic, but his interest understandably fell away when lockdown happened as during the pandemic two of his businesses suffered large losses and he was unable to follow up on the opportunity.”

The Tigers have now confirmed that there are two interested parties in taking over the club:

“Since coming out of the other end of the pandemic we have spoken to numerous people and we are now in the situation of having two different parties who are interested in taking the club forward. When we have any further news, we will post an update. In the meantime, the current owners and board along with the club staff, coaches, and players will continue to work hard to turn our season around.”

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Must See

More in Super League