CAS Financial update

All things related to the Castleford Tigers.
Post Reply
gateman
League One Player
League One Player
Posts: 4098
Joined: 31 Mar 2016, 12:40

CAS Financial update

Post by gateman » 25 Nov 2021, 19:39

Well done all concerned CAS show a profit of £475,428 serious rugby league

Blackbulltiger
Academy Player
Academy Player
Posts: 113
Joined: 11 Jun 2021, 20:14

Re: CAS Financial update

Post by Blackbulltiger » 25 Nov 2021, 20:57

That's a astonishing result specially we alot off games behind closed doors Wembley appearance probably boosted the profit but Mr gratton def got a good business management skills

Fumper27
Super League Player
Super League Player
Posts: 10004
Joined: 07 Jun 2012, 08:10

Re: CAS Financial update

Post by Fumper27 » 25 Nov 2021, 21:30

That’s gross profit. Net profit is the key figure, once taxes and the like are taken into account.
Last edited by Fumper27 on 25 Nov 2021, 21:40, edited 1 time in total.

KB80
League One Player
League One Player
Posts: 2109
Joined: 04 Mar 2013, 19:58

Re: CAS Financial update

Post by KB80 » 25 Nov 2021, 21:33

Accounts only go up to Nov 2020 so wont include Wembley appearance.

The income/cash may include the government loan that was paid to RL clubs in Spring 2020 I guess, we'd ha e got over 1 mill if it was apportioned evenly. Not seen the accounts in detail to work out whether it does.

JIN JER
Academy Player
Academy Player
Posts: 966
Joined: 27 Apr 2017, 10:53

Re: CAS Financial update

Post by JIN JER » 26 Nov 2021, 09:35

And players I’d assume were furloughed, plus the majority of specci’s chose not to have refunds on season tickets.

gateman
League One Player
League One Player
Posts: 4098
Joined: 31 Mar 2016, 12:40

Re: CAS Financial update

Post by gateman » 26 Nov 2021, 10:24

great news one of the very few clubs not to show a big loss. we moan about those upstairs but they must be doing something right

User avatar
mart0042
Championship Player
Championship Player
Posts: 6109
Joined: 24 May 2007, 15:06
Location: behind the table in the lab deep under Racoon City.....

Re: CAS Financial update

Post by mart0042 » 26 Nov 2021, 10:59

It is good news. Good financials will be part of any franchise model, they don't want clubs with begging bowls out showing poor management and other clubs bailing them out just to maintain the integrity of the competition.

It doesn't really matter how we've got to a profit but that we can service any debt and survive the harshness of brexit and now covid.

If we'd have posted a 1m negative balance I wouldn't have been suprised. Every club has suffered but we've come out the other side.

Well done Cas!

Piquad1
Academy Player
Academy Player
Posts: 1835
Joined: 18 May 2019, 11:07

Re: CAS Financial update

Post by Piquad1 » 26 Nov 2021, 11:20

Sound ok to me.

Tamworth Tiger
Championship Player
Championship Player
Posts: 5430
Joined: 07 Jul 2006, 16:29

Re: CAS Financial update

Post by Tamworth Tiger » 26 Nov 2021, 11:53

JIN JER wrote: 26 Nov 2021, 09:35 And players I’d assume were furloughed, plus the majority of specci’s chose not to have refunds on season tickets.
Yes but that’s probably true across the board

User avatar
mart0042
Championship Player
Championship Player
Posts: 6109
Joined: 24 May 2007, 15:06
Location: behind the table in the lab deep under Racoon City.....

Re: CAS Financial update

Post by mart0042 » 26 Nov 2021, 12:36

JIN JER wrote: 26 Nov 2021, 09:35 And players I’d assume were furloughed, plus the majority of specci’s chose not to have refunds on season tickets.
Yes all clubs did it but only to a certain amount each month certainly not the 1.8m needed.

gateman
League One Player
League One Player
Posts: 4098
Joined: 31 Mar 2016, 12:40

Re: CAS Financial update

Post by gateman » 26 Nov 2021, 12:58

the bottom line is what counts Cas have come through smelling of roses how good does that feel after years of being on the brink of being bankrupt

JIN JER
Academy Player
Academy Player
Posts: 966
Joined: 27 Apr 2017, 10:53

Re: CAS Financial update

Post by JIN JER » 26 Nov 2021, 13:26

Tamworth Tiger wrote: 26 Nov 2021, 11:53
JIN JER wrote: 26 Nov 2021, 09:35 And players I’d assume were furloughed, plus the majority of specci’s chose not to have refunds on season tickets.
Yes but that’s probably true across the board
Absolutely mate, I wasn’t having a pop, I said exactly the same with us.👍

FIat Capper
Academy Player
Academy Player
Posts: 1161
Joined: 05 Jan 2021, 17:59

Re: CAS Financial update

Post by FIat Capper » 26 Nov 2021, 13:37

At least we'll be able to afford the planning application for the stadium upgrade.

KB80
League One Player
League One Player
Posts: 2109
Joined: 04 Mar 2013, 19:58

Re: CAS Financial update

Post by KB80 » 26 Nov 2021, 13:51

It certainly looks good on the face of it, although not trying to be negative, but the devil is probably in the detail, especially considering:

- its the Gross figure, not net (which will be lower)
- it potentially includes around a 1m loan in the 'income'
- wage bill was reduced due to furlough and wage cuts.
- the season ticket donations
- I think those who opted for refund will have been refunded post these accounts (so will be an expense that carried over to the next accounts)

Be intrested to see the level of liabilities within the accounts and also how the profit/loss compares to other clubs - that would be the best indication of how we performed.

The clubs with,
A) highest wage bill,
B) lowest season ticket donations
C) highest facilities costs, and
D) lower sponsorship income
E) Highest Finance costs

Will be the clubs with the most pain (Covid pretty much leveled everything else off)

I'd expect us to perform well on points A, C and E and slightly lower than average on points B and D compared to other clubs.
Last edited by KB80 on 26 Nov 2021, 13:54, edited 2 times in total.

derbystiger
League One Player
League One Player
Posts: 2146
Joined: 21 Dec 2014, 00:40

Re: CAS Financial update

Post by derbystiger » 26 Nov 2021, 13:53

I’ve had a pretty cr@p week and reading this has just cheered me up - fantastic news. Break even was the best I thought we could hope for so well done to all involved, great work.

KB80
League One Player
League One Player
Posts: 2109
Joined: 04 Mar 2013, 19:58

Re: CAS Financial update

Post by KB80 » 26 Nov 2021, 14:41

Just had a look at the full accounts which look pretty healthy, significant increase in long term creditors (around £720k) which I assume is the government loan. Reduction in short term creditors though.

However the accounts suggest we had 1.5m cash in hand/bank which is huge compared to £337k previous year. Assume some of this is the loan but still seems very high.

pat
Academy Player
Academy Player
Posts: 119
Joined: 15 Jul 2006, 16:54

Re: CAS Financial update

Post by pat » 26 Nov 2021, 15:50

We’re is all this info coming from can’t see anything on the website

derbystiger
League One Player
League One Player
Posts: 2146
Joined: 21 Dec 2014, 00:40

Re: CAS Financial update

Post by derbystiger » 26 Nov 2021, 16:09

pat wrote: 26 Nov 2021, 15:50 We’re is all this info coming from can’t see anything on the website
If you search companies house for Castleford Tigers Rugby League Football Club Ltd, go to filing history and click on the Nov 20 accounts you can read them

User avatar
Exiled
Academy Player
Academy Player
Posts: 126
Joined: 22 Apr 2012, 13:16
Location: LS1

Re: CAS Financial update

Post by Exiled » 26 Nov 2021, 16:29

The accounts are due for this year on the 30th. Considering they are not delayed at CH I will drop them here and review. Posting a profit in the current climate is an outstanding achievement. Well done to the management team!

Link to the CH page (this years not published yet): https://find-and-update.company-informa ... ng-history

pat
Academy Player
Academy Player
Posts: 119
Joined: 15 Jul 2006, 16:54

Re: CAS Financial update

Post by pat » 26 Nov 2021, 17:09

Thanks fo that

Post Reply