New owner anyone?

pirate

Lets hope this one dets off the ground, this guy makes wakey kitchen man look like a flat pack tycoon

https://www.seriousaboutrl.com/real-estate-magnate-lines-up-takeover-of-castleford-tigers-85703/?fbclid=IwAR08AvLXnm_N0WiiA6o4d4ESZimrLAr5Hri_8krb42YIvKKLg4lT1APaofc

FlatCapper

Let’s not get too excited just yet and take it at face value.

He’s bought a 25% share in the club so doesn’t have the main controlling interest. Should he get control, that would remove our current major shareholder who is still owed a significant sum by the Club.

To finalise any takeover, Mr Foulton may request full payment of the monies he is owed, as well as the cost of his shares. A pretty tidy sum for someone to fork out.

pirate

He’s bought 25% of Ian Fultons shares and then he’s on about buying the rest and taking over. He originates from Garforth and all his family are big Cas fans

TheSheriff

He’s bought between 25% and 49.9%, not necessarily a flat 25.

If they’re all shares from Fulton, Jepson essentially owns the club.

Maturecasfan

Yep, he definitely wants a take over.
Will Fulton agree…….hes a stubborn bugger.

The club needs a clean sweep, a total fresh start.
Let’s hope this is just the beginning.
But the old skeptic I am, been let down so many times with the club, I won’t hold my breath.

FlatCapper

Maturecasfan Likewise, which is why I urge caution.

But, for the moment I can dream and amongst other things, I long for the day Teflon Grattan is replaced…

Hepworth

Looking at Mr Jepsons nett worth, even it’s been subjected to journalistic exaggeration he has sufficient funds to take over the club if he so wishes. Let’s hope this is just the first step.

Pat

How much is he worth not seen that

RaoulDuke

The thing is, financially, someone with 2m to spend could make a massive difference.

Another bit of news in the pub, I’m told that a fulton has just made a couple of million from a property/land sale. (nothing to do with the tigers)

Maybe the family are looking to sell up and move on.

Hepworth

Seen some negativity about this guy, mainly due to the fact he’s a property developer and he might have other reasons for investing rather than having a sporting interest. I think some are seeing a Trojan horse rather than a gift one. From what I’ve read he has been immensely successful in business, as COO of one of the worlds largest property investment companies he was seen as being open and approachable, and since starting his own company he’s gone from strength to strength, signing multi million pound deals with major institutions. This guy knows business,he knows property development, he is also absolutely minted and just happens to be a Cas fan. What’s not to like?

RaoulDuke

At the meet directors might they said they’d knocked back a few people who they believed didn’t have the best thoughts for the club.

I know very little about this guy apart from what I’ve seen in social media. But if he can do what the wakey guy has done, we’ll go well.

Fingers crossed.

yorky

the club may have carried out whats called due dilligence with hopefully the right outcome.

RaoulDuke

We all know there’s no money to be made in sport unless your lucky and even then it’s shortlived.

Joining Cas now when planning is imminent (hopefully January), there will be a loss until we move fully in but then we should be able to move into profit due to reduced maintenance costs and bigger crowds spending more. Though club profit and money to investors is very different.

Sport is vanity and helping the community. You can ask any football club owner,

RaoulDuke

https://www.yorkshirepost.co.uk/sport/rugby-league/new-castleford-tigers-co-owner-martin-jepson-addresses-takeover-talk-as-he-outlines-goal-4437896

A bit more flesh on the bones

Hepworth

An interesting article and Mr Jepson looks committed to the club and with particular responsibility for improving our IMG score,given the farce that our previous grading submission was this can only be a good thing. Fortunately for us this was only an indicative grading and not the final one,we know that had we submitted the missing line our grade would have been higher and we’d be happily sitting in one of the coveted 12 Super League spots. Hopefully our initial error and the RFL refusal to amend our indicative grading will give us the kick up the backside we need for the powers that be at the club to get their collective fingers out and move the club forward and when the final submission is made to at the very least make sure it’s complete. Of course the conspiracy theorists may be right and we may be doomed to the championship,if true that is out of our control and we would all rightly feel a sense of injustice, if it’s not then we should at least be able to get the basic right, over to you Mr Jepson.

yorky

great interview

RaoulDuke

There’s a lot positive notes about Mr jepson and he’s not been hoodwinked into joining us. He knows where we are.

The IMG grading might just have given him the push to press the green light and the importance of getting the maximum money in for this years farce of grading.

I think the tone he has set is for more investment and maybe even a takeover (or at least 51% of the shares) in the future. It sounds like he may even bring some money from London along with other backers. I’m not getting too enthusiastic but it’ll certainly make for a better Christmas.

yorky

RaoulDuke
yes the way he talks about doing as much as he could in this financial year gives the hint that he hasn’t finished yet with his investment. also, its the first time i can remember a board member with a substantial stake in the club talk to the media, how encouraging it is!

Maturecasfan

yorky

It’s so refreshing yorky.
I feel like he’s one of us, he’ll be the voice of the club.
Not like Fulton or Gratton, who never come out and explain to the fans what’s going on.
Let’s hope he does bring in more backers from his connection’s.
It’s exciting times, but my cynical head is keeping the feet on the ground.

Also it’s good to know the Fulton don’t have full control.
Ian Fulton
Janet Fulton
Martin jepson, all hold 32% of shares.
Hoping more backers come in and buy more shares off Ian and Janet Fulton. I pray.

FlatCapper

Maturecasfan Whilst the Fulton’s may not have full control in terms of overall share holdings, with a joint share ownership of 64%, they are unlikely to vote against each other and therefore have the controlling share.

Anyway, so far, so good with Mr Jespon…