Quote: Tony Fax "Castleford lost over £500k in 2023. They revalued their ground to approx £8 million which shows a strong balance sheet but without this asset they'd have net liabilities of over £4 million. The club owed its directors £2.6 million.'"
I expected worse from our accounts to be honest but I dread to think how they will look at this point next season.
Just on Cas and their ground I think that is a loophole that can be used for the IMG rankings that will help them on the financial part of the gradings. The sceptic in me also wonders if longterm leases are allowed to be manipulated in the same way and could we see the sale of the lease back to Bradford go through before the final IMG rankings and see them also revalue the lease to a much higher amount than they will be gifted it for.