Castleford Tigers have reported financial results ‘aligned with league-wide performance’ in the year of the club’s takeover by Martin Jepson. Further investment was also made to support the club’s future growth.
Cas finished the 2024 Super League season, the period covered by the accounts, in tenth place, missing out on the play-offs, but reached the quarter finals of the Challenge Cup.
Recently filed accounts for Castleford Rugby League Football Club Ltd show a pre-tax loss of £1.17m was recorded in the year ending 30 November 2024, up from £680,000 the 2023.
Turnover reduced to £4.27m from £4.39m the previous year.
During 2024, businessman Martin Jepson became majority shareholder of Castleford Tigers, after acquiring the Fulton family’s shareholding. Jepson has pledged to attract new investment, and reshape and refresh the club’s governance.
In the statement accompanying the accounts, the club’s directors said the 2024 loss was “closely aligned with league-wide median performance”.
They said: “To put this into context, it was achieved alongside debt reduction trends across clubs, indicating a broader move within Super League to improve financial discipline. The payment of the DCMS loan continues to reduce revenue from the Centre during this period
“These indicators suggest that Castleford’s 2024 results – while not ideal – were consistent with sector norms and may reflect strategic reinvestment rather than unchecked financial deterioration.”
In February 2024, a £200m scheme including a major upgrade to Castleford Tigers’ Wheldon Road stadium and a significant new employment development was granted planning approval.
The directors added: “The club deliberately operated with a restricted playing budget, reallocating resources toward stadium improvements and securing a Grade A IMG license, a critical milestone for long-term Super League participation.
“These investments included plans for new stands and facilities upgrades, underpinned by Martin Jepson’s capital injection and local partnership initiatives such as the S106 Axiom agreement and support from Wakefield Council’s Rugby League Resilience Fund.
“By prioritising off-field resilience, Castleford positioned itself for stronger commercial foundations-greater match-day appeal, upgraded spectator facilities, and enhanced compliance with league licensing standards.”
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