Castleford Tigers Secure Major Boost with Substantial Investment

In a significant development for the Castleford Tigers, shareholder Martin Jepson, the founder of Ergo Real Estate and a lifelong fan of the club, has made a substantial investment to secure the team’s future.

Jepson, who recently took a majority stake in the club, has revealed that he has injected close to £1.2 million into the Tigers’ coffers. This money has been used to clear the outstanding loans owed to the Fulton family, effectively giving Jepson a 32.5% shareholding, on par with the existing owners, Ian and Janet Fulton.

Jepson’s Interest-Free Loan and Its Impact

Speaking on the prominent COYFCAST podcast, Jepson emphasized that the investment was made as an interest-free loan, which cannot be accessed for the next five years. This financial backing, he says, will help keep the club afloat and provide the necessary resources for potential player acquisitions or infrastructure improvements.

“The money went straight into the club,” Jepson explained. “It’s an interest-free loan, and I can’t touch it again for five years. What does the money do? It keeps the club going, simply.”

Improving the IMG Score and Stadium Upgrades

The investment comes at a crucial time for the Tigers, as they look to bolster their IMG score, a key metric in the ongoing restructuring of the Super League. Recent upgrades to the Wheldon Road stadium, including new seating in the Princess Street stand, have also been a positive step in this direction.

Jepson’s commitment to the Castleford Tigers has been warmly welcomed by the club’s loyal fanbase, who have expressed their gratitude for his support in securing the team’s long-term future.

🔗 Source