Castleford Tigers release a statement upon the arrival of a new director who has “significant control.”
In response to the news that a new director has assumed “significant control” of the club, Castleford Tigers have issued a statement. The club’s longtime sponsor Martin Jepson became a director, according to a notice uploaded on Companies House on Thursday.
It was confirmed that Jepson had purchased between 25 and 50 percent of the club’s shares, giving him considerable control. As a founding partner of Ergo Real Estate, Jepson has long supported the team and sponsored the shirt sleeves.
Castleford said in a statement that they would offer more information the following week. The statement said as follows: “Castleford Tigers would like to make the following announcement regarding the news that the Club has added a new Director on Companies House.
The club has been actively seeking the right investors to join for a number of years, as many of you are aware. We hope everyone understands and appreciates that, despite the fact that a new director has been added to Companies House, we are not yet in a position to disclose all the details at this time. We’re getting ready to make an official announcement, and by the end of the following week, we’ll have more information. We thank you for your ongoing support and look forward to sharing all the details of this encouraging news with you.”
Craig Lingard was appointed as the Tigers’ new coach, and he will take over in the coming season. The previous season, they placed eleventh in the Super League.
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The Super League team has responded to earlier reports that Castleford Tigers had filed to name a new director with “significant control” over the organization.
The news of this new director first surfaced as a result of an update posted on the official “Companies House” website, which lists companies’ financial statuses and the people associated with them.
Yesterday, on November 30, 2023, two filings were approved: the first announced Martin Clive Jepson’s appointment as a director, and the second announced Jepson’s status as a “person with significant control.”
Significant control refers to Mr. Jepson’s acquisition of more than 25% but not more than 50% of the club’s shares, and his appointment as a director required approval from the club’s upper management.
Although Mr. Jepson’s Companies House form lists him as a “chartered surveyor,” he is actually a significant real estate magnate and is purportedly a native of Castleford.
After doing extensive work in the industry and winning “Deal of the Year” awards annually from 2012 to 2016, he founded Ergo Real Estate in 2018.
Jepson has also held executive positions with Hammerson, Howard Holdings, Taylor Woodrow, and Delancey in addition to serving as president and COO of Brookfield Property Partners.
Although it appears that he may be on track to become a significant investor and assist Castleford in overcoming its financial difficulties, the team has since responded to the news by posting a statement on their website.
Castleford Tigers would like to make the following statement regarding the news of the addition of a new Director of the Club on Companies House, according to the statement that was posted.
“The club has been actively seeking the right investors to join on board for a number of years, as many of you are aware. We hope everyone understands and appreciates that, despite the fact that a new director has been added to Companies House, we are not yet in a position to disclose all the details at this time. We’re getting ready to make an official announcement, and by the end of the following week, we’ll have more information.
“We appreciate your continued support and look forward to sharing all the details of this positive news with you.”
It’s an indication that the team, led by Craig Lingard and Danny McGuire, is about to undergo a significant change.
