Castleford Tigers Rugby Club has announced it will leave its current home in a £50m deal that will see the land become a supermarket.
The club is preparing a move to a 20-acre site at Glasshoughton after agreing a deal to sell its current Wheldon Road stadium. The cash gained will be used to fund a move to a new stadium by 2013.
Tigers' chief executive, Richard Wright, said: "We’re in a very fortunate position to own the land at our current facility. It's our largest single financial asset and our business plan has always been to identify the sale and future usage that would provide the greatest financial return to fund the new stadium development."
The club is finalising its 2012 Super League licence application and is trying to secure its future in the top flight of rugby league. "I fully appreciate the fans will be disappointed that our move to Glasshoughton will be delayed," added Wright.
"However we anticipate our current facilities at the PROBIZ Stadium will be reviewed favourably, and will be complemented by our advanced plans to move to a new stadium within the next (Super League) licensing period. We're diligently putting the final touches to our licence application that we strongly believe will ensure Castleford Tigers remains a dominant force in Super League for many years to come."
Posted on 24/03/2011