Castleford Tigers turn financial fortunes round

Castleford Tigers walk out at Wembley in 2014.
Castleford Tigers walk out at Wembley in 2014.

Castleford Tigers have revealed that the 2014 season was a success on and off the field as the club’s return to Wembley and top four Super League finish helped them make a healthy profit after a heavy loss the previous year.

Financial figures released for 2014 showed that the Tigers were put into special measures in 2013 after making a £288,000 loss despite support to the tune of £315,000 from chairman Jack Fulton – but came out of them during last year and ended 2014 by making a £445,000 profit.

After submitting the club’s 2014 accounts, vice-chairman Ian Fulton said: “It is with great pleasure to look back and reflect on a tremendous 2014 season.

“We started the season trading against a very difficult 2013 that saw the club start the financial year with an overdraft of £300,000. The financial year ending 2013 also saw the club make a £288,000 loss.

“It is with great pride and pleasure that I am now able to announce that in the 2014 season the club have turned the deficit around from being a loss making club to a club posting a £445,000 profit.

“This has been attained despite the heavy investment into the club’s facilities, health and safety requirements, playing, coaching, medical and junior development team.

“It is important to note that the club had been put into special measures in 2013 and was taken back out again in 2014 and praised by Barclays Bank for the robust yet prudent way the club was now being run.

“Turnover in 2014 increased by over £1.3 million, taking the club’s turnover comfortably past the £4 million mark.

“We were very proud to lead the team out at Wembley on behalf of the people of Castleford, as we reached our first Wembley final in 22 years, and also our highest ever finishing position of fourth in the Super League table.

“This coupled with the hard work that has been put into getting where we are now with the new stadium, fills our family with the utmost confidence in the people in charge of taking our great club forward in the coming years.”