With the acquisition of “significant control” by Mr. Martin Clive Jepson, the owner of Ergo Real Estate, the CASTLEFORD TIGERS appear to have benefited financially.
According to Companies House, Jepson is the recipient of a “Notice of Individual Person with Significant Control” for the following company: Castleford Rugby League Football Club Limited.
Jepson acquired more than 25% of the Castleford shares, but not more than 50%, according to the notification that was submitted to Companies House yesterday.
“A UK asset management and investment company operating in the real estate sector,” Ergo Real Estate, which has its headquarters in London, advertises itself as having built or managed well over 10 million square feet of quality real estate.
“The opportunistic and value add sectors are our areas of expertise, and our joint venture with NFUM, Aver Property LP, targets total investment of £300 million,” the business said.
Having been founded in November 2018, Ergo Real Estate has already been around for five years and is the top-ranked fund manager in the MSCI Index for 2021 and 2022.
In 2023, Castleford has been aggressively seeking new funding, as the club disclosed during the previous season that there had been inquiries from potential buyers.
“We started off and broke cover and said we had a couple of people that wanted to buy the club,” managing director Mark Grattan remarked at the time. Strangely, while the first two persons abandoned the cause, a few more have stepped forward from that. Grattan stated on The COYFcast podcast, “We don’t know much about one of them, and we know a little bit about the other one, but I don’t think it will amount to much.”
It’s challenging because you have to be sincere with them. “Do you want to buy this club?” you ask a person. You won’t join this club and rise to the top on autopilot. They want to be competing for trophies and winning at Wembley, so you have to be honest, which makes it tough.
“Our candour has scared off a few people, but we’ve always said we’d leave tomorrow when the right people show up.”
“We have some people in the works who could contribute financially to the club and join the board of directors. We have one in the works that might amount to something.”
Maybe the ones that were in the works were Jepson and Ergo Real Estate.
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