Castleford Tigers could redevelop Wheldon Road rather than moving to Glasshoughton
Castleford Tigers are giving serious consideration to the possibility of redeveloping Wheldon Road rather than moving.
Last Updated: 10/10/12 12:59pm
The Super League club signed a deal last year with developers to sell and redevelop their ground as a supermarket, which would then fund a new £12million stadium at nearby Glasshoughton for which they have received full planning consent.
The poor economic climate is doing little to aid the club's quest for an improved home and chief executive Steve Ferres believes RFL regulations are being relaxed as a result.
"The board of directors agree we need to look at alternative stadium options, including re-development of the existing Wheldon Road site," said Ferres.
"The RFL are mindful of the testing economic climate and how it is impacting on the game generally. As a result, licensing requirements are being relaxed to enable clubs to explore different routes to ensure they achieve Super League status.
"The redevelopment is, therefore, a realistic and much more cost effective option and, after the support we received for it from fans, one which will be given serious consideration."
Ferres, speaking to fans at Castleford's Civic Hall on Tuesday night, is honest on the club's outlook, stating the Tigers need to increase revenue in order to improve performances.
"The current business model is not working," he continued. "We are falling short of the Super League's model club and we, therefore, need to look at ways to work smarter and generate new revenue streams.
"We are working in extremely difficult times and it is clear that we aren't the only club to be facing difficulties. Hull KR is one example who has already given an honest assessment of their current challenges.
"Identifying a new investor is integral to the club's future and will be a priority for me as CEO."