He was told that twice in this thread and once by PM too...yet still finds a way to moan about it!

This rumour was announced by the DJ in the Boot Room after the game on Sunday to rapturous applause.



Gloria/Robbo on Casforum now recons we might hear something this week.

Something about it opening an extra 250k a year too he reckons?

I remember a letter in the Cas and Ponte Express a few months ago from Robbo who (with his shopkeepers hat on) was totally opposed to having a Supermarket built on Wheldon Road. I wonder what if any plans these potential new investors have regarding staying down't lane or moving to GH ?

Well if it is the Hetherington/Reilly/others party cracking on with the new stadium ASAP, anyone else I don't know.

Nothing in todays Cas n Ponte Express. Looks like its all just a load of cobblers concocted by wannabe Chair-persons and CEO's.

We will hear something from our divine leader soon, what with news on Newmarket & the Rangi rumours....but not his departure.

The non-departure of Rangi or RW ?

I did hear R.W wants £40 a share, and given he is alleged to have over five thousand i doubt he will get many offers.

So i guess we are stuck with him

Richard Wright has 6,120 shares, valued at £0.10 each.

He is the biggest shareholder in the club, behind Jack Fulton who personally owns 5,950 shares.

Bridget Fulton own 1,000 shares, which is why the Fulton's have overall control of the club.

[url=http://www.duedil.com/company/00214373/the-castleford-rugby-league-football-club-limited/All this information is freely available to the public[/url

So for just over £600 you could become the major share holder at CT?
Sounds like a laugh!!!

You naughty devil

Shall we go 50/50 - £500 each and go buy the Wildcats?

But there are no shares to be bought

Shares can be bought at £40 each with a minimun spend of £200. So, RW share is valued at just under a quarter of a million.

Wow fantastic VFM I might buy some and throw my brass away like I did with Trin in the Richardson era

Love is blind.

It is.

I would imagine that selling something worth 10p for £40 or something worth £600 for a quarter of a million, should be classed as overselling by the OFT or FSA.
Still it keeps him in power!!

What does that make Mr Wright???

Not sure it works like that.

When a company is created they have to set up a share capital and is incorporated with any number of shares with any value, in this instance 10p shares.

But ultimately in Ltd companies it is between buyer and seller as to come up with an appropriate price based on assets, etc. They don't always remain at 10p.

My understanding of this is just done from internet reading but a shareholder or some other boffin in this regard, feel free to correct me.

It's pretty much how I understand it, which is like you, barely!
The share value, values the business at what it is (almost worthless in this case). RW clearly values it at 400 times more than its market valuation.
Finding someone who values it the same is going to be difficult I would imagine.
Anyone who professes to love the club and is willing to step aside for "the good of the club" if someone is willing to buy them out on this premise is frankly taking the mick out of the club and the fans.
In reality he is hanging for all he can, we had a bloke a bit like that a couple of years back and he ended up with nowt!!

I think the price stated there is something completely different to be honest.

I suppose the value of the share is increased by the fact that in effect the company has its own asset in the ground and although it does have some sort of debt, these are mainly attributed to another company Director and Chairman and not outside creditors.

If each share is worth £40 and RW and JF have about 11-12,000 of them plus other shareholders, what does that value the club at, and do you think that is a fare reflection of the club?

That's only £440,000.

Wheldon Road for housing in the economic peak was worth about £8m-£10m.

Therefore, I think that if there were a total of 25,000 shares* (not sure how many shares have been issued/remain unissued in Cas) that £1m would be accurate.