Rugby team, Castleford Tigers, may be forced to shelve plans for a new stadium and look at redeveloping its current ground.

Last year Castleford signed a deal to sell its ground to a supermarket, which would fund the development of a 13,300 capacity stadium at out of town entertainment and retail centre, Glasshoughton.

However, at a meeting with fans, Castleford chief executive, Steve Ferres, described the team’s financial situation as "precarious."

"The current business model is not working," he said. "We are falling short of Super League’s model club and we therefore need to look at ways to work smarter and generate new revenue streams."

A new membership scheme will be part of the 2013 season ticket and 5,000 season-ticket holders are being targeted to ensure the club’s survival.

As RFL regulations are now being relaxed regarding Super League stadium requirements, the team may be able to redevelop its current site.