I think that we may be reading too much into this one.
Ok Steve Ferris has resigned because the Cas BoD wont bank roll all of his plans and Mr Fulton has said that they are now seeking a replacement.
It's common knowledge that our friends over t'common are short of brass and finding new investors aint easy.
Whether Cas are in a more serious financial predicament is not mentioned, only that they need urgent investment.
I agree that Ferris is capable of sorting them out, but he cant work with fresh air and IMO this is why he's gone, not because there is a more serious problem ?

Well we'll probably never know the details.

You have to admit he handled the "stadium" news very well and increased the season ticket/membership sales working alongside Fozzard it did look brighter for them.


I just don't see him quitting without the rug being pulled out one way or the other.

Problems both sides of the common apparently

New revelation or wishful thinking?

Problems everywhere, but hey, if it makes you feel better...

Steve Ferres is a "my way or the highway" kind of bloke, as we've seen for ourselves. He hit a wall with us, and he's hit a wall with Cas. Fact is, neither club has the sort of funds or ownership structure that would allow a Steve Ferres type free reign to behave like Napoleon and do whatever he thought best in the interests of the club (and no doubt himself too). And perhaps more to the point, Steve Ferres hasn't got the kind of brass that would allow him to buy a club and run it as he sees fit either.

He did a lot of good work for Wakey, and he did a lot of good work for Cas. But most owners have their limits when it comes to what they can afford to spend, or their willingness to speculate, and he just doesn't seem to accept this. It's easy gambling with someone else's brass - banks have been doing this for decades - but when it's your own money, most people are generally more circumspect.

The Cas BoD won't leave until they get back what they put in. Wakey have seen the same over the years (the 1979 Wembley team springs to mind). The Cas BoD have the ground as an asset, so there's no reason for them to shift until someone comes in and offers them a fair price for what they own. That won't happen, because no one will spend over 3 million quid to buy Cas RLFC, unless they think they can sell the ground for a substantial profit, and that's a big gamble these days. Even then, the team will still have to play somewhere.

I could see Ferres moving to Salford or Bradford in the near future. As someone posted on the Cas forum, you don't just up sticks and leave a well paid job like that unless you've got something else to go to.

I'm sure Cas are much better off for his involvement, and that's a good thing for the game as a whole. How they deal with the aftermath is anyone's guess. On the plus side, at least Feisal Nahaboo went to Fev.

I think he is a fix it man but worryingly for me he never stays in the hot seat too long wherever he goes. He genuinely seems to have qualities - but perhaps his way forward is beyond the means of most clubs. I don't think it would be a good idea to return to us as some suggest.

Wow - you're sooooooo funny !!!!

A rumour doing the rounds suggests Steve Ferres told Cas the only option would be Administration, the BOD declined and Steve walked away.

Make of it what you will.

I'd agree. Ferris is good at taking chaos and giving it direction and organisation.
We have needed that in the past but I think we are further on than that.

In terms of running a business AG is far more qualified than Ferris. In terms of running a sporting business, I think we have managed to steer through the early chaotic waters that Ferris would help with and need to continue in that direction. I think Ferris would try and repair old mistakes that have been patched and bypassed.

I'm not that impressed with Fozzard either. Not that I don't like him but I think we should be looking at experienced professionals now rather than rugby players that have learned a trade.

That would explain his reluctance to divulge details of what he asked the BoD to do.

Also would tie in with him trying and seemingly failing to bring in new investment. When Wakey were looking for investment pre-admin the potential investors, including Parkin, would only look at the club following a pre-pack administration as no-one wants to inherit the historical debt of these clubs.

It wouls also tie in with the fact that they still have Dickie Wright as a shareholder and Jack Fulton seemingly wanting his money back out of the club - despite his press release.

I suspect that there is quite a lot to this story and that more pain may be just around the corner. Perhaps the best thing for the club would be to take the pill now and then they just might have time to get the house in order in time for licence application time!

Not good for our neighbours!

The only way we could go into Admin would be if our assets were worth less than our current debt - which they are'nt. We cannot sell our major asset (ground) so I would suggest this is'nt what SF was reccommending.

It wouldn't matter if you can't raise the cash - many businesses are technically solvent and trading, but if the banks etc won't support the operation then they go bang.

The alternative is to top up the wage packets each month and keep trading as you are - which is what Ferres clearly didn't want!

Agreed - our BOD obviously think there is a better way out. Or as usual are just hoping someone will come in and buy them out.

I think it's probably more to do with not wanting to walk away with nothing - but that is exactly what they will get if they don't manage to alter the business model substantially in quick time!

Think that it a little harsh on fozzard, I follow him on twitter and his enthiusiasm and passion for what he's doing is to be applauded - he almost had me wanting to buy a Cas membership! (well not quite but you get the idea)

As a mouthpiece from the club to the supporters he has been excellent, especially when you consider the years of virtual silence or cringeworthy soundbites from tricky dicky.