Insert Name Here aka The Ownership Thread

[MFKS]

Apparently some dimwit at the FFA has sent Tinks and the Jets a letter saying the FFA are unhappy and warning them about not paying their players


Yep that should just about fix the club. A letter saying please be good.

Useless ****ers the FFA who are basically failing their charter by not managing the game in this country to prosper by allowing one region and their fans to suffer due to THEIR ****ed decision in the first place to bring Tinkler in and them not being prepared to rectify their mistakes

****ing parasites

[Tommyjet]

Need the pfa to push the FFA harder this time around.

If wages are paid tomorrow, expect this to get swept under the carpet

[lil_masi]

Ffa have given tinkler until cob Wednesday to pay players and staff otherwise the license will be revoked!! Cannot wait

[Thomas477]

Ffa have given tinkler until cob Wednesday to pay players and staff otherwise the license will be revoked!! Cannot wait

Sauce?

[borat]

Sauce?
Smithies is reporting it for News network.

I have also seen reported that Tinks told management that there would not be another cash injection on Friday.

Looks like it's done to me. Dangerous time for the Jets to be in FFA hands when Brisbane are headed the same way

[hawk]

Ffa have given tinkler until cob Wednesday to pay players and staff otherwise the license will be revoked!! Cannot wait

yeah yeah just another idle threat

don't really care atm

[lquiquer]

FOX SPORTS News ‏@FOXSportsNews 28m28 minutes ago
.@NewcastleJetsFC owner Nathan Tinkler given 24 hours to pay players or lose #ALeague licence: http://bit.ly/1L4LSLu

[MFKS]

I don't know what is sadder.

This ongoing saga with the FFA showing no balls to act or WLG's daily update on FB on the status of his facial hair.


PS WLG By the way your just about due another update on the thing

[stretch]

I don't know what is sadder.


:roflz:

[Grimario]

http://www.smh.com.au/sport/soccer/newcastle-jets/nathan-tinkler-must-raise-500000-or-newcastle-jets-aleague-licence-will-be-revoked-20150519-gh5d10.html


Jets players and staff are still waiting for their monthly wages, which were supposed to be paid on Friday. In addition, past and present Jets employees are owed a reported $400,000 in superannuation that is up to three years overdue, and Newcastle University Sport is owed $40,000 in unpaid hiring fees for the Jets' training facilities. It is understood FFA has demanded that all those liabilities be settled by Wednesday's deadline, which would cost Tinkler between $500,000 and $1 million.

[MFKS]

http://www.smh.com.au/sport/soccer/newcastle-jets/nathan-tinkler-must-raise-500000-or-newcastle-jets-aleague-licence-will-be-revoked-20150519-gh5d10.html

Some **** needs to keep Gerry Harvey occupied for the next 24 hours just so we can get our club back

Maybe time for some Black ops missions

[stopper2]

I don't know what is sadder.

This ongoing saga with the FFA showing no balls to act or WLG's daily update on FB on the status of his facial hair.


PS WLG By the way your just about due another update on the thing

What's pretty sad is that there have been some people out there on social media who actually believed that Tinkler was genuine in getting this club back on track.

Judge people by their actions not by what they say.....talk is cheap. The same goes for that Muppet Stubbins, he uses all the clichés and popular rhetoric to make out that he is on the ball but in reality he is totally incompetent as a coach who has no idea how to manage players

[stopper2]

Some **** needs to keep Gerry Harvey occupied for the next 24 hours just so we can get our club back

Maybe time for some Black ops missions

****, surely not this time.
If Harvey bails him out this time I reckon we should organise a picket or something outside Harvey Norman at Bennetts Green

[lquiquer]

I don't know what is sadder.

This ongoing saga with the FFA showing no balls to act or WLG's daily update on FB on the status of his facial hair.


PS WLG By the way your just about due another update on the thing

You'll think the time would be spent better attending Sheep duty??!!!!

[lquiquer]

If FFA steps in, the scary part is only half a job could be done!!.. they indeed could keep Muppet in the job and that great leader of ours would have an excuse for failing again......Can picture him saying: Well can't move forward any more, FFA didn't give me the money to buy players Tinks promised me!!!..... Tinks goes, Muppet has to go , Murphy has to go.........

[MFKS]

If FFA steps in, the scary part is only half a job could be done!!.. they indeed could keep Muppet in the job and that great leader of ours would have an excuse for failing again......Can picture him saying: Well can't move forward any more, FFA didn't give me the money to buy players Tinks promised me!!!..... Tinks goes, Muppet has to go , Murphy has to go.........

As much as Murphy hasn't covered himself in glory I am less worried about him. His hands have been currently tied something shocking. I would be interested to see how he goes given some opportunity without Tinker causing him constant heartaches. Nearly all the shit ain't his doing and he is just left to carry the can

Muppet on the other hand can get ****ed

[hawk]

What's pretty sad is that there have been some people out there on social media who actually believed that Tinkler was genuine in getting this club back on track.



:rof:

He showed us he can buy his goodness back with 4 beers

[furns]

There was a reason a large number of us weren't interested in the "Beer & Selfie session in the Squadron"
Deeds not words. Deeds have been few & far between.

[Tommyjet]

If FFA steps in, the scary part is only half a job could be done!!.. they indeed could keep Muppet in the job and that great leader of ours would have an excuse for failing again......Can picture him saying: Well can't move forward any more, FFA didn't give me the money to buy players Tinks promised me!!!..... Tinks goes, Muppet has to go , Murphy has to go.........

Murphy would of been given assurances from the FFA that if tinks went under he'd still be in a job. I have no qualms with murphy staying in, he needs to be given an opportunity under a stable ownership. Tinks is well past his elimination date and I dare say we will only be rid of stubbins if a new owner/consortium is found quickly enough.

[Jeterpool]

The FFA would have a back up plan. Surely.

This shit needs to be sorted quick smart. I feel for the players and staff the most.

[hawk]

The FFA would have a back up plan. Surely.
http://www.vspecialist.co.uk/wp-content/uploads/2011/07/Leslie-Nielsen_580.jpg

[MFKS]

The FFA would have a back up plan. Surely.

This shit needs to be sorted quick smart. I feel for the players and staff the most.

Players if they had of stayed firm as they intended in January would have brought this bloke undone then. The treatment of Griff Carney etc was a disgrace and they should have unanimously backed their colleagues and went on strike then and there

Players on strike not playing games sees Tinks ****ed off mid season yet they dogged it

Them being out of pocket a couple of days before getting paid is a small price to pay for their weakness in January that has seen us all suffer on

[stopper2]

Players if they had of stayed firm as they intended in January would have brought this bloke undone then. The treatment of Griff Carney etc was a disgrace and they should have unanimously backed their colleagues and went on strike then and there

Players on strike not playing games sees Tinks ****ed off mid season yet they dogged it

Them being out of pocket a couple of days before getting paid is a small price to pay for their weakness in January that has seen us all suffer on

^^^^^
This is gospel

[mervan]

Murphy would of been given assurances from the FFA that if tinks went under he'd still be in a job. I have no qualms with murphy staying in, he needs to be given an opportunity under a stable ownership. Tinks is well past his elimination date and I dare say we will only be rid of stubbins if a new owner/consortium is found quickly enough.

Dundee are ready

[WolfMan]

Lol @ hawk.

Well played

[Jeterpool]

Players if they had of stayed firm as they intended in January would have brought this bloke undone then. The treatment of Griff Carney etc was a disgrace and they should have unanimously backed their colleagues and went on strike then and there

Players on strike not playing games sees Tinks ****ed off mid season yet they dogged it

Them being out of pocket a couple of days before getting paid is a small price to pay for their weakness in January that has seen us all suffer on

So the staff deserve it? Sorry member not buying it

[Jeterpool]

Murphy would of been given assurances from the FFA that if tinks went under he'd still be in a job. I have no qualms with murphy staying in, he needs to be given an opportunity under a stable ownership. Tinks is well past his elimination date and I dare say we will only be rid of stubbins if a new owner/consortium is found quickly enough.

Murphy knew Gallop before taking over the Jets

[Tommyjet]

Murphy knew Gallop before taking over the Jets

Yes wasn't gallop a reference for murphy

[westjet]

Could be the best day since the jets won the gf. What time does the deadline run out? Knowing the jets though harvey will give him the money.
Dont let the door hit you on the way out tinkler.

[MFKS]

Could be the best day since the jets won the gf. What time does the deadline run out? Knowing the jets though harvey will give him the money.
Dont let the door hit you on the way out tinkler.

Shhh

FFS Lets keep this low key today.

When the news breaks that he is gone then lets P A R T Y like it is 24-2-2008


Until then no point celebrating holding a 1-0 lead 10 mins into the game

[Jeterpool]

Tinkler will bundle himself out. He's done it before and he'll do it again.

I'm not getting my hopes up.

[belchardo]

d-day (version 428)

[GazFish35]

Could be the best day since the jets won the gf. What time does the deadline run out? Knowing the jets though harvey will give him the money.
Dont let the door hit you on the way out tinkler.

6 - 8 Weeks

[380]

Tinkler will bundle himself out. He's done it before and he'll do it again.

I'm not getting my hopes up.


If he does i blame you Jeter for putting the hex on us LOL.

[380]

I was asked to review a recent Sports Direct purchase. In my review i asked if they could see if Big Mike could spare a few lazy mill.

Perhaps they took my request seriously and has stitched up a deal with Gallop.

[plague]

http://www.vspecialist.co.uk/wp-content/uploads/2011/07/Leslie-Nielsen_580.jpg

How the **** am I gonna get any work done today now Hawk?
Brilliant.

[MFKS]

How the **** am I gonna get any work done today now Hawk?
Brilliant.

Work??
You actually have a real job??

I thought you were just a paid employee of the foz offering your witty insight into everything

[leftrightout]

6 - 8 Weeks

Deadset been 6 - 8 weeks since a 6 -8 week joke!

:lulz::lulz::lulz::lulz::lulz::lulz::lulz::lulz:

[plague]

Work??
You actually have a real job??

I thought you were just a paid employee of the foz offering your witty insight into everything

I don't have a 'real job'.
But I do have work to do.

Besides, the Foz couldn't afford my wit.
Consider it a gift.

[Jeterpool]

If he does i blame you Jeter for putting the hex on us LOL.

I want him gone, don't get me wrong. But the bloke is harder to get rid of than I expected.

He's had more come backs than John Farnham

[Local Rules]

If Tinkler does come back from this it will be the biggest comeback since the offspring of Griff and the virgin from Nazareth

[MFKS]

If Tinkler does come back from this it will be the biggest comeback since the offspring of Griff and the virgin from Nazareth

This counting Chickens shit.

FFS

Don't tempt fate.

The day will pan out however it does

Fingers crossed it pans out the way we all want but stop celebrating or making statements that will come back to bite us on the arse if Tinkler gets in touch with Gerry Harvey

[Jetmaster]

This slightly reminds of the day Con got sacked - on the foz hitting the f5 key every 30 seconds.

Difference then was we didn't know what was going to happen.

[lil_masi]

From the telegraph:

Newcastle Jets: Nathan Tinkler puts club into voluntary administration with debts of $2.7 million

NEWCASTLE Jets owner Nathan Tinkler has revealed he has put the financially embattled A-League club into voluntary administration with debts of $2.7 million.

Tinkler says Scottish club Dundee United is ready to step in and buy the Jets for just under $5 million with a sale imminent.

But he claims the FFA may attempt to step in and take back the licence before any sale proceeds.

“I’ve been in negotiations with the FFA over the last few days and wasn’t able to get them to guarantee the licence and I haven’t been willing to pay wages unless they guaranteed that so I’ve put the club into administration just now,”Tinkler said.

“We’ve had an offer in for a couple of weeks from Dundee United. That offer is well in excess of the debts of the club and I’ve asked the administrator to get that sale done and that will see everyone get paid.

“Then, I can move on.

“The only risk to that is if the FFA decide to act in a morally bankrupt manner and take the licence and that presents a whole bunch of other issues.”

It is understood the FFA have also been talking to Dundee United.

The Jets’ financial problems have been threatening to boil over for quite some time and they came to a head late last week when Tinkler failed to pay staff and player wages on time for the third time in four months.

The FFA put an ultimatum to Tinkler on Monday to have the debts paid by Wednesday or risk forfeiting his licence.

[Tommyjet]

Ok wow mmmm ok well. I guess tangerine it is then lol

[Wilso8948]

Sounds to me the fat man is trying desperately to delay the inevitable plus squeeze some cash out before he let's go. What's to say if he gets his way and the FFA gives him time that he won't pull another backflip. I've never seen a fat **** pull so many backflips he'd be doing somersaults

[boz-monaut]

the cosmic ballet goes on

https://pbs.twimg.com/media/BwSXRGlCAAAsosq.jpg

[Jeterpool]

OK, so we're sort of at a point where we were when he handed the licence back a few years ago. So I wonder what that means for player contracts and whether they can test the open market like Perth's players have? Because they still haven't been paid.

Unlike last time, we don't have a core group of players who would really have any love for the club. Who are the older players who are going to support the younger guys, tell them to stick it through? Realistically we want Alivodic, Lee, Mullen, Boogaard to stick around - right?

[lil_masi]

OK, so we're sort of at a point where we were when he handed the licence back a few years ago. So I wonder what that means for player contracts and whether they can test the open market like Perth's players have? Because they still haven't been paid.

Unlike last time, we don't have a core group of players who would really have any love for the club. Who are the older players who are going to support the younger guys, tell them to stick it through? Realistically we want Alivodic, Lee, Mullen, Boogaard to stick around - right?

Yes I would def want those 4 players hanging around!!

[Jeterpool]

His scorched earth policy has had an impact. There's only debt tied to the club. We have little saleable assets...only perhaps the players I mentioned before plus Neville (I want him sticking around too). Obvious problem is, where are we going to get players to make a competitive team if we do that? And the sale of such players isn't going to near covering a $2.7 million bill.

[q-money]

the cosmic ballet goes on

https://pbs.twimg.com/media/BwSXRGlCAAAsosq.jpg

http://fc01.deviantart.net/fs70/f/2014/088/5/8/black_science_man_wallpaper_by_zaros_bobthecat-d7c6eg6.png

[borat]

So question for those who work in financial circles.

By Tinkler placing the club into voluntary administration, what sort of say does he have in appointing the administrators and then the direction they take? I would have thought very little. Unless Tinks can convince the administrators that he can trade his way out of insolvency, which is a million to 1 chance, that the administrators will proceed with the sale or liquidate what little assets there are. Doesn't this mean that the sale either goes through to Dundee, another party, or liquidation starts in which the FFA just take back the licence anyway. Is that close to what will likely happen?

I wouldn't have thought there is anyway to wriggle out of this now for Tinkler. That placing the club into administration is just a means to take a step back in the hope the FFA will let the sale go through. If the FFA strip the licence then the sale doesn't go through and the players and creditors will get a pittance unless the FFA pay some or all of the debts.

It wouldn't surprise me if the FFA give the administrators time to look over the books and have some discussions around if this sale is viable before stripping the licence.

[Hunter403]

Voluntary administration is an insolvency procedure where the directors of a financially troubled company or a secured creditor with a charge over most of the company’s assets appoint an external administrator called a ‘voluntary administrator’.

The role of the voluntary administrator is to investigate the company’s affairs, to report to creditors and to recommend to creditors whether the company should enter into a deed of company arrangement, go into liquidation or be returned to the directors.

A voluntary administrator is usually appointed by a company’s directors, after they decide that the company is insolvent or likely to become insolvent. Less commonly, a voluntary administrator may be appointed by a liquidator, provisional liquidator, or a secured creditor.


What is the effect of a voluntary administration?

The effect of the appointment of a voluntary administrator is to provide the company with ‘breathing space’ while the company’s future is resolved. While the company is in voluntary administration:

unsecured creditors can’t begin, continue or enforce their claims against the company without the administrator’s consent or the court’s permission
owners of property (other than perishable property) used or occupied by the company, or people who lease such property to the company, can’t recover their property
except in limited circumstances, secured creditors can’t enforce their charge over company property
a court application to put the company in liquidation can’t be commenced, and
a creditor holding a personal guarantee from the company’s director or other person can’t act under the personal guarantee without the court’s consent.

Continuing to supply during voluntary administration

Any debts that arise from the voluntary administrator purchasing goods or services, or hiring, leasing, using or occupying property, are paid from the available assets as costs of the voluntary administration. If there are insufficient funds available from asset realisations to pay these costs, the voluntary administrator is personally liable for the shortfall. To have the benefit of this protection, you should ensure you receive a purchase order authorised in the manner advised by the voluntary administrator.

The voluntary administrator must also decide whether to continue to use or occupy property owned by another party that is held or occupied by the company at the time of their appointment.

Within five business days after their appointment, the voluntary administrator must notify the owner of property whether they intend to continue to occupy or use the property. If the voluntary administrator decides to continue to do so, they will be personally liable for any rent or amounts payable arising after the end of the five business days.

Amounts that become due to employees after the date of the appointment of the voluntary administrator have a priority claim against the company’s assets as a cost of the administration. However, the voluntary administrator does not become personally liable for such amounts unless the voluntary administrator adopts employees’ contracts of employment or enters into new employment contracts with them.
Meetings of creditors during voluntary administration

Two meetings of creditors must be held during the voluntary administration:
First creditors’ meeting

The voluntary administrator must call the first creditors’ meeting within eight business days after the voluntary administration begins.

The purpose of the first meeting is for creditors to decide two questions:

whether they want to form a committee of creditors, and, if so, who will be on the committee, and
whether they want the existing voluntary administrator to be removed and replaced by a voluntary administrator of their choice.

A creditor who wishes to nominate an alternative voluntary administrator must approach a registered liquidator before the meeting and get a written consent from that person that they would be prepared to act as voluntary administrator. The voluntary administrator will only be replaced if the resolution to replace them is passed by the creditors at the meeting.

To be eligible to vote at this meeting, you must lodge details of your debt or claim with the voluntary administrator.
Second creditors’ meeting (to decide the company’s future)

After investigating the affairs of the company and forming an opinion on each of the three options available to creditors, including an opinion as to which option is in the best interests of creditors, the administrator must call a second creditors’ meeting. At this meeting, creditors are given the opportunity to decide the company’s future.

This meeting is usually held about five weeks after the company goes into voluntary administration (six weeks at Christmas and Easter).

In preparation for the second meeting, the voluntary administrator must send creditors the following documents at least five business days before the meeting:

a notice of meeting
the voluntary administrator’s report, and
a statement about any proposals for a deed of company arrangement.

These will be accompanied by:

a claim form (usually a ‘proof of debt’ form), and
a proxy voting form.

[Frodo]

So from what little sense i can make of all these reports doing the rounds Tinks has basically just weaseled himself some space and time so the FFA couldn't take his licence back today. They must have finally got their shit together to take him on and he locked the door and told them he can't play today and to come back later in the week?

I am a little worried about the mixed reports about Dundee.. i've heard that offered Tinks 5 million but FFA said NO, i've heard that the FFA has told Dundee they can buy the licence off them once they take it from the fat man and i've heard they don't want us anymore because they are pissed off with everyone they speak to at the FFA, whom they think are incompetent? All 3 of which are plausible...

[OmeletteDuFromage]

Surely going into administration is an automatic reason for the FFA to take his license?

[borat]

Surely going into administration is an automatic reason for the FFA to take his license?

But who pays the players and businesses that are owed? If the FFA are working with an administrator its in everyone's best interest for the sale to go through unless Dundee don't want to deal with Tinkler which is also likely.

I can't remember what of the debt the FFA paid, if any, from Con's ownership

[MFKS]

So question for those who work in financial circles.

By Tinkler placing the club into voluntary administration, what sort of say does he have in appointing the administrators and then the direction they take? I would have thought very little. Unless Tinks can convince the administrators that he can trade his way out of insolvency, which is a million to 1 chance, that the administrators will proceed with the sale or liquidate what little assets there are. Doesn't this mean that the sale either goes through to Dundee, another party, or liquidation starts in which the FFA just take back the licence anyway. Is that close to what will likely happen?

I wouldn't have thought there is anyway to wriggle out of this now for Tinkler. That placing the club into administration is just a means to take a step back in the hope the FFA will let the sale go through. If the FFA strip the licence then the sale doesn't go through and the players and creditors will get a pittance unless the FFA pay some or all of the debts.

It wouldn't surprise me if the FFA give the administrators time to look over the books and have some discussions around if this sale is viable before stripping the licence.
Issue is it is Tinker's company HSG that runs the Jets that is insolvent. The debts are Tinker's to either pay or get written off. Most likely he will be trying to get them written off so it will probably be the players staff and creditors of the Jets such as Forum Ray Watt Hunter Stadium etc who will get stiffed

It has nothing to do with our club. Our club is really the Licence which will be parting company with Tinkler soon enough and either ending up in the hands of Dundee Utd group or ending up in the hands of the FFA.

The big issue really is what are the FFA gonna do in relation to Tinkler's game he is playing.

Basically he is GONE but the choice is really the FFA's as to how they wish him to go. Tinker wishes to go out on his terms and wants to be allowed to negotiate a sale.
The FFA could though force him out now and sell the licence themselves

The FFA may be prefer though to sit back and let it happen as taking his licence even if they are allowed to may see all manner of consequences for them if he digs his heels in and gets the lawyers involved.

Tinker has backed them into a corner and is playing a power battle with them. They don't want to get involved and take him on but will then look weak in not doing anything.

This is all about who gets the last word here and I am expecting Tinkler to get it

[borat]

I thought the point of placing a business into voluntary administration is that an administrator is immediately appointed who controls the business from that point on. If there is a legitimate buyer for the club, and thats a big if for the administrator to decide, then its not right for players, staff and businesses owed millions to be left with cents in the dollar. The FFA should either strip the licence and guarantee the debts or let the administrator be appointed and the sale proceed.

As far as I can see, Tinkler is gone and no longer in control of the club. So let an administrator see if a sale can be salvaged and hopefully no one left out of pocket. The FFA hold all the aces and can strip the licence whenever they choose and not approve the sale if they choose.

[Thomas477]

Princey, can we get that in laymans terms please?

[MFKS]

If you are on Twitter start following ex Jet Neil Young.

@neil_young79

:lulzturtle:Bloke loves laying the boot in

[The Dunster]

I'm calling bullshit on this until someone can actually name the administrator that has been appointed.

[Shayne]

http://www.a-league.com.au/article/ffa-terminates-licence-of-newcastle-jets/1fpyhixur95rm10cicp1nuir74

Ccyyyaaaaaa

[The Camel]

I'm calling bullshit on this until someone can actually name the administrator that has been appointed.

James Shaw from Shaw Gidley according to ABC Online

[Premy]

So from what little sense i can make of all these reports doing the rounds Tinks has basically just weaseled himself some space and time so the FFA couldn't take his licence back today. They must have finally got their shit together to take him on and he locked the door and told them he can't play today and to come back later in the week?

I am a little worried about the mixed reports about Dundee.. i've heard that offered Tinks 5 million but FFA said NO, i've heard that the FFA has told Dundee they can buy the licence off them once they take it from the fat man and i've heard they don't want us anymore because they are pissed off with everyone they speak to at the FFA, whom they think are incompetent? All 3 of which are plausible...
I couldn't disagree more, this move by Tinks isn't going to delay anything the FFA do.
What it does is give Tinks a case for a future law suit once FFA act, Tinks will try to take FFA to Court by claiming that they denied him a chance to sell his asset. An asset that he publicly stated that he had no intention of selling in the foreseeable future mind you.

However Tinks will find out just like Palmer and Con did that the license conditions heavily favour FFA and he won't have a hope in hell in Court.

This shows how full of shit Tinks is.
I would hazard to guess that Tinks was in talks with Dundee is complete bullshit as we all know that Stephen Thompson said it's not Dundee that are in talks about the Jets it himself. If the deal that Tinks had lined up is true he would have known that and he would have said I'm not far from a deal to sell the Jets to Stephen Thompson.

Likely scenario is that FFA has had a deal with Thompson for some time and just had to wait until they boned Tinks just like they did with Con. FFA takes back the licence and clears the debt left by Tinks, then onsells the license to Thompson for a small profit.

[borat]

I'm calling bullshit on this until someone can actually name the administrator that has been appointed.

Just reading the VA process and to pace a business in VA it must be a resolution of the board of directors and in writing. Once that occurs they have 8 days to appoint the administrators and call notice for the first meeting with creditors

[matty]

Ffa has just terminated the licence

[Guerny]

Soo...
FFA takes license back.
Dundee refuses to deal with FFA imbeciles.
Tinkler takes FFA to court (costs FFA money)
FFA must pay outstanding debts (more FFA money)
FFA must pay out Stubbins / CEO contracts to replace them (more FFA money)
New Jets team made up of youth and has-beens...memberships drop (more FFA money)
FFA must fund Jets next season to maintain Foxtel deal (more FFA money)

FFA give themselves a pat on the back for managing the situation so well.

[matty]

RIP NEWCASTLE JETS, wouldnt mind a change back to gold

[Retro Jet]

http://www.a-league.com.au/article/ffa-terminates-licence-of-newcastle-jets/1fpyhixur95rm10cicp1nuir74

Ccyyyaaaaaa


TWG
http://theworldgame.sbs.com.au/article/2015/05/20/newcastle-jets-voluntary-administration-tinkler-plays-hardball

Yay, we're in the front pages of the news again!

[q-money]

can we be newcastle, not have a stupid name and pretend all this nonsense never happened?

[borat]

Now that its done and FFA have taken the licence, what are they going to do for the players, staff and businesses out of pocket. Why should they suffer and be out of pocket due to the actions of Tinkler. You could almost argue that if the FFA had acted in February, after inspecting the books, they could have saved some of these debts from occurring.

If there is a legitimate buyer out there I hope the FFA do the right thing and either sell the club or take another 5 mill licence fee, then use the money to pay the people who least deserve to be treated like this.

[Mark325]

So, correct me if I'm wrong but does this mean that the club next year may be a new club altogether and not the Newcastle Jets, but still a newcastle team?

[OmeletteDuFromage]

So, correct me if I'm wrong but does this mean that the club next year may be a new club altogether and not the Newcastle Jets, but still a newcastle team?

Its not it may be, it will be. The Jets have died today.

Next year it will be a new Newcastle team.

[borat]

RIP NEWCASTLE JETS, wouldnt mind a change back to gold
Destined to fight with the Roar for an orange home kit reminiscent of Melbourne City wanting sky blue

[Blackmac79]

Yeh I seem to think that the jets died just now. A new entity will take their place.

Would like us to go back to United personally.

[borat]

Its not it may be, it will be. The Jets have died today.

Next year it will be a new Newcastle team.

Same licence though. I don't think the Jets are technically dead until they are wound up

[MFKS]

Its not it may be, it will be. The Jets have died today.

Next year it will be a new Newcastle team.

NO NO NO

All that has happened is the ownership has changed hands today from Tinker back to the FFA and it may end up soon enough in the Dundee Ute group

No different than the day Con got boned and HSG took over.

Was still the same club just different business companies running the club

[snake]

NO NO NO

All that has happened is the ownership has changed hands today from Tinker back to the FFA and it may end up soon enough in the Dundee Ute group

No different than the day Con got boned and HSG took over.

Was still the same club just different business companies running the club

according to fox sports news ticker, it'll be a new team

contracts have been invalidated with the licence withdrawal

[borat]

according to fox sports news ticker, it'll be a new team

contracts have been invalidated with the licence withdrawal

But how is that different to Con's tenure being revoked?

[belchardo]

http://goondiwindiplusmore.com.au/wp-content/uploads/2014/12/fireworks.jpg (http://www.google.com.au/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRw&url=http%3A%2F%2Fgoondiwindiplusmore.com.au%2Fcrac ker-new-year%2F&ei=gTBcVaPAC9jY8gW4yIGoAw&bvm=bv.93756505,d.dGc&psig=AFQjCNF_a2nArLBvzFOF6W5ysaw6lTcKmg&ust=1432191486118305)

[Premy]

Wonder what the stories are from the other side of the pond?
Anyone from Dundee that would like to fill us in on the news?

Also remember that it's not Dundee that are interested in the Jets its Stephen Thompson.

I seem to recall that Thompson has a Daughter over here and that he was looking to immigrate to Australia and being a Business owner in Australia would go a long way to allow him entry into the Country.

[MFKS]

according to fox sports news ticker, it'll be a new team

contracts have been invalidated with the licence withdrawal

So your saying that with Muppet prepared to play Carney but Tinker vetoing it the future was looking up for Carney with Tinker going

Now the FFA have ripped up everyone's contracts and managed to achieve something Tinkler couldn't

Poor Carney:rof:

[snake]

i'Ve only just got home, but according to the info i've come across so far: they took the newcastle jets licence off con, whereas here they seem to have cancelled the licence, and will issue a new one?

[OmeletteDuFromage]

A new licence will be issued to a new entity owned and controlled by FFA. A club from Newcastle will remain a member of the Hyundai A-League and current players of the Newcastle Jets will be offered contracts with the new entity.

http://www.a-league.com.au/article/ffa-terminates-licence-of-newcastle-jets/1fpyhixur95rm10cicp1nuir74

[Tommyjet]

http://goondiwindiplusmore.com.au/wp-content/uploads/2014/12/fireworks.jpg (http://www.google.com.au/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRw&url=http%3A%2F%2Fgoondiwindiplusmore.com.au%2Fcrac ker-new-year%2F&ei=gTBcVaPAC9jY8gW4yIGoAw&bvm=bv.93756505,d.dGc&psig=AFQjCNF_a2nArLBvzFOF6W5ysaw6lTcKmg&ust=1432191486118305)

Wooooooooooooooohhhhhhhhhhhhhhhhhhhhhhhooooooooooo ooooooooooooooo!!!!!!!!!!!!!!!!!!!

[Guerny]

new home strip to be emerald and cinnamon please!

[borat]

http://www.a-league.com.au/article/ffa-terminates-licence-of-newcastle-jets/1fpyhixur95rm10cicp1nuir74

Fair enough. That is interesting why the different approach. Must be to thwart a legal argument you would think.

[OmeletteDuFromage]

Fair enough. That is interesting why the different approach. Must be to thwart a legal argument you would think.

Think its more to do with the debts? FFA wouldnt want to take over license and pay debts, nor would a buyer want to pay the debts?

[Tommyjet]

Wonder what the stories are from the other side of the pond?
Anyone from Dundee that would like to fill us in on the news?

Also remember that it's not Dundee that are interested in the Jets its Stephen Thompson.

I seem to recall that Thompson has a Daughter over here and that he was looking to immigrate to Australia and being a Business owner in Australia would go a long way to allow him entry into the Country.
Thompson also said he was heading up a consortium, which I think is key to our future.

[The Camel]

Yeh I seem to think that the jets died just now. A new entity will take their place.

Would like us to go back to United personally.

Bring back the Breakers

[Guerny]

Bring back the Breakers

+1

[borat]

Think its more to do with the debts? FFA wouldnt want to take over license and pay debts, nor would a buyer want to pay the debts?

Well I don't get that. The debts are owed to the players, staff and local businesses. Any licence fee the FFA take when the new entity is sold should go to these people.

[joel31]

Bring back the gold

[boz-monaut]

owned by Dundee - we have to be called the Crocodiles

too good an opportunity to pass up

[GazFish35]

owned by Dundee - we have to be called the Crocodiles

too good an opportunity to pass up

Finally some sense being spoken.

[q-money]

fffffffssssss lol

[hawk]

way better than heat, spirit and any of those other pathetic intangible word grabs

[plague]

If Tony Abbott didn't hate immigrants so much we'd prob have a line up round the corner ready to buy.

#jetslivesmatter

[football_macigian23]

Got this from Dundee forums..

Yes he does know how to run a football club, impose and stick to budgets etc.

While not the most charismatic of chairmen, there has never been a whiff of dodginess about him as far as I recall, and for our club there was an emotional attachment too, which probably caused him to go the extra mile.

If he does take over at your place, I'd have thought you'd be in good hands, his last few months here notwithstanding. He has probably simply become a bit jaded and disillusioned- tired of scraping by- and needs a fresh start. You could do a lot worse I'd think.

[lil_masi]

If all current players are offered new deals, does that mean we're stuck wid carney?

[Hunter403]

If all current players are offered new deals, does that mean we're stuck wid carney?


I'd be happy if he stayed. IMHO our best until he fell out of favour

[vikingjet]

Give us a moniker that the ordinary man on the street can identify with - get the true believers back through the gates.

Go with 'Wildfires' or 'Falcons'. The people will go mad. Team to play in all black in memory of Griff's knee.

[furns]

The Paddle-Steamers already taken?

[militiamon]

I have two concerns about all this:

1. What are the debts owed by the former club? From news articles:

- Player wages this month (+staff?)
- Superannuation (up to 2 years according to Caravella's case)
- Facilities (University for use of Ray Watt, Hunter Stadium??)
- Tax office debts?? (not sure if that's just Tinkler)

IMO it would be pretty ****ed if the FFA didn't settle the first few debts at least.

2. How on earth did we reach this situation in the first place?
How did the FFA allow the club to accrue $2.7 million in debts without doing anything about it?
For such an authoritarian power they seem to suck at actually doing anything.

[militiamon]

Give us a moniker that the ordinary man on the street can identify with - get the true believers back through the gates.

Go with 'Wildfires' or 'Falcons'. The people will go mad. Team to play in all black in memory of Griff's knee.

VJ is back?!

:brrr:
:brrr:
:brrr:
:brrr:
:brrr:

[hawk]

I have two concerns about all this:

1. What are the debts owed by the former club? From news articles:

- Player wages this month (+staff?)
- Superannuation (up to 2 years according to Caravella's case)
- Facilities (University for use of Ray Watt, Hunter Stadium??)
- Tax office debts?? (not sure if that's just Tinkler)

IMO it would be pretty ****ed if the FFA didn't settle the first few debts at least.

2. How on earth did we reach this situation in the first place?
How did the FFA allow the club to accrue $2.7 million in debts without doing anything about it?
For such an authoritarian power they seem to suck at actually doing anything.

stinks waited until the biggest debt accrued then jumped. The only way to get back at the FFA back for the original 5mill purchase fee.

[MFKS]

I have two concerns about all this:

1. What are the debts owed by the former club? From news articles:

- Player wages this month (+staff?)
- Superannuation (up to 2 years according to Caravella's case)
- Facilities (University for use of Ray Watt, Hunter Stadium??)
- Tax office debts?? (not sure if that's just Tinkler)

IMO it would be pretty ****ed if the FFA didn't settle the first few debts at least.

2. How on earth did we reach this situation in the first place?
How did the FFA allow the club to accrue $2.7 million in debts without doing anything about it?
For such an authoritarian power they seem to suck at actually doing anything.

I would think you would have a lot of unknown bills also

I would imagine the Jet office lease is well in arrears, they probably owe Hunter Stadium match hire fees, money owed to NNSW Football, phones are maxed out overdrafts stretched to the limit.
Many little operational costs not been paid for months all adding up to the big figure

How the FFA are to know clubs are paying all their bills and not sticking them in the glovebox is impossible. Plater and coaching payments they will know about quickly but bit hard for the FFA to police whether Possants have paid the electricity bill and whether Gypos have paid the water bill etc

[furns]

Just posted the following blog article on front page of website - interested in peoples thoughts


BLOG: A NEW DAWN BEGINS NOW
http://www.newcastlefootball.net/home/2015/05/blog-a-new-dawn-begins-now/

Well a tumultuous few seasons ended today with the FFA officially terminating Nathan Tinkler’s ownership of the Newcastle Jets. Its been a long time coming. A start to his ownership promised so much – stabilising the club after years of penny pinching and cost cutting, bringing the Jets and Knights together to create a single direction for the two major sporting clubs in Newcastle, spending marquee money on Emile Heskey and actually having more than single digit employee numbers in the front office. It was a short period of sunshine during a long, cloudy existence.

Unfortunately, it all ended in rather inglorious fashion by way of a press release tit-for-tat battle after the money finally dried up leaving players and staff unpaid after several months of salaries arriving late. I wont be getting into any further retrospectives on previous owners because this isnt the point of this article.

What should happen now is that whoever gains control of the club from here needs to recognise that years of upheaval has left the football community in the Hunter region with a sense of apathy and alienation towards the club that is supposed to represent them. This is the most important issue (after paying the players and staff of course) that will need to be addressed to get the club restarted. This club needs to reconnect with its community and supporters, after years of erosion of those relationships.

NNSWFF needs to be first cab off the rank – to provide access to thousands of yet-to-be properly engaged football people despite years of half hearted attempts. Remember the Northern Alliance? Probably not, because it was never properly implemented. David Eland is a football administrator waiting with bated breath for long promised agreements to be actioned. NNSW and the Jets need to be on the same page, and working towards clear, defined goals for the betterment of football in the Newcastle and Hunter community.

The long suffering supporters need to be re-engaged with the club, and questions are already swirling on social media only hours after the licence was stripped from HSG. Will the club still be called the Jets? Will United finally be returned to the club name? Will red & blue be the club colours or will gold return? All good questions – and a simple (yet complex) solution exists to both engage the supporters and answer these and other questions.

A community ownership component can and should be a part of this club going forward. There is simply no better way to get the wider community re-engaged and invested in their club by allowing them to have a say in its future, and be involved in its future structure. This is why the Knights continue to have safeguards in their club structure and engagement in the rugby league community, because long time lovers of that game ensure that the club services and listens to those members and supporters.

The recent circus engulfing the Jets could (mostly) have been avoided if similar responsibilities and safeguards that were imposed on HSG when they assumed control of the Knights, were also imposed upon purchase of the Jets A-League licence. For this, the FFA must assume some responsibility for doggedly pursuing a single entity -ownership model for Australian clubs, rather than insisting that clubs have some sort of community ownership component to their structures to ensure those clubs are held to account by the supporters they are supposed to be there to serve.

The creation of the Wanderers provided a great blueprint for engaging a community behind a club and to ensure that even if all suggestions werent implemented, those potential supporters & members were at least listened to and felt a part of the process. Whether the name changes, the colours change, the values and ethos of the club change, etc all of these and more questions should be canvassed from the Newcastle and Hunter community to ensure a wide cross section of views are collated. Novocastrians are a parochial lot, and are very canny when it comes to sniffing out whether someone is geniunely listening to them or simply paying lip service. This is why HSG lost the majority of support by the end because everything coming out had all been said before and was simply classified as bollocks.

Spend the month of June running a series of football community forums at various locations throughout the Newcastle and Hunter areas. Invite any and all to attend, make it clear that we dont need to spend hours going over past mistakes, have a clear plan and set of agenda points to address. Canvass opinions on the agenda points on social media to engage those who cant attend the forums. Investigate and decide on a structure to the community ownership component of the club and gather feedback on it as well before implementation. Listen to the supporters, and actually use the feedback to shape the new values, identity and direction of the club going forward.

Finally (as far as this article is concerned anyway), local and football media is a strong ally. Relationships with certain media outlets have been handled abysmally by HSG during their entire tenure. The club will need to re-engage with all sections of the local media, and then not blackball sections when you dont like what is written. Supporters will understand mistakes if you come out on the front foot and admit to them with a plan to make sure they dont happen again, and then implement that plan. A bad article isnt the end of the world, but reacting like a spoilt child and insisting they get out of your room and not come back, wont win you any arguments.

Whoever comes in to take over the club faces an uphill but not insurmountable task to reinvigorate the club and its fortunes. A supporter base that has shrunk from average attendances of over 13000 three seasons ago to just over 8000 this season. A club that hasnt made the finals in 5 seasons. A club that has now claimed the wooden spoon twice. The community WILL get behind this club in numbers, if they are given a reason to and not just treated like customers at a fast food restaurant. If nothing else, you can never say life is dull as a Jets supporter.

[MFKS]

Just posted the following blog article on front page of website - interested in peoples thoughts

Very very good read

Well done.


Probably should post it to a few more locations.
Newy Herald comments Facebook sites etc

Get it out to the masses

[ToddG NBUnited]

Just posted the following blog article on front page of website - interested in peoples thoughtsGreat article mate

[lquiquer]

A 1000 words to perfectly describe 5 years ..... :thumbsup:

[borat]

I'd be happy if he stayed. IMHO our best until he fell out of favour
Ahhhh I wouldn't. Alivodic is twice the player Carney is and doesn't come with any baggage

[lquiquer]

http://www.foxsports.com.au/football/nathan-tinkler-newcastle-jets-former-owner-threatens-ffa-saying-this-could-get-ugly/story-e6frf423-1227362006629
Tinks threatens FFA..... Saying this could get ugly

[Thomas477]

Bah, it's all hot air. I cannot see the ffa allowing a club to be placed into administration without the ability to take the license back. Tinks, please just shut the **** up and piss off already.

[plague]

I just saw GVE out at the Football 5's at Speers Point tonight.
i swear he had his resume tucked under his arm.

[furns]

Very very good read

Well done.


Probably should post it to a few more locations.
Newy Herald comments Facebook sites etc

Get it out to the masses

Cheers mate
Thanks to everyone for the kind words

Have blasted it out on twitter to a bunch of football & local media types

[matty]

The offer was in excess of $3 million

http://theworldgame.sbs.com.au/article/2015/05/20/dundee-united-boss-flags-jets-takeover-talks-ffa

[hawk]

Cheers mate
Thanks to everyone for the kind words

Have blasted it out on twitter to a bunch of football & local media types

nice post furns but can you now can my damn table together, thnx :thumbsup:

[MFKS]

Got to love the FFA's luck here.

Tinkler had of sold to Dundee group and the money goes in Tinker's pocket.

Stripping him of the licence and they can then hock it to Dundee group. Might get themselves 2-3million for **** all effort

[380]

I just saw GVE out at the Football 5's at Speers Point tonight.
i swear he had his resume tucked under his arm.


Brisvegas ?.

[matty]

Wouldnt be suprised to see the sale go through in the next fortnight to be honest. Not sure weather they will shop us around to get top dollar, or hock us off to first suitable option

[hawk]

Got to love the FFA's luck here.

Tinkler had of sold to Dundee group and the money goes in Tinker's pocket.

Stripping him of the licence and they can then hock it to Dundee group. Might get themselves 2-3million for **** all effort

then straight to the Sydney's banks accounts #24hrcynic

[Menzieshill_Arab]

Statement from Stephen Thompson to Dundee United fans, Hot aff the press.........

Chairman’s Statement

May 20, 2015

“It’s not unusual for football club board members to have other business interests and I’m no different. There are confidentiality agreements in place regarding the situation in Australia that stop me going into further detail but I want to make it clear that my priority first and foremost is to Dundee United as Chairman and a supporter of the Club.

“The Board and I remain focused on matters here and are supporting the management team in getting our young squad ready for next season.

“Results haven’t gone our way of late but I’ve had positive meetings with Jackie in recent days about where we are and where we’re going and he has the full support of the board in building on the job he started.

“United has a five-year strategy covering football, finance and community; we’re almost two years through it and are already ahead of schedule.

“Of course we’ve lost good players along the way but we’re developing and bringing in new ones as well as trying to retain others. We’ve just secured Seán Dillon’s commitment to the Club and we’ve also offered contract extensions to Nadir Çiftçi and John Souttar.

“This club is a place top young managers are motivated to develop top young talent. That means at times we’ll be a springboard for some, which is fine if we’re achieving on the pitch and bringing in new talent like Justin Johnson, our most recent young signing.

“In recent years we’ve reached back-to-back cup finals, won the Scottish Cup for only the second time in our history, enjoyed eight consecutive top six finishes and delivered European qualification, all while becoming one of the country’s most prolific producers of home grown talent. That’s the standard we have at United and it’s about not just maintaining that but improving upon it.

“Off the pitch we have obliterated bank debt and reduced overall debt, and while the process doesn’t always win you popularity contests, in the cold light of day it’s the right thing to do for our club. As a family club at the heart of a community, we’re proud of the fact our business is robust and has paid every penny in the pound to any creditor due it, particularly through times when not every club has been able to.

“In football circles United is held up as a model club in terms of its strategy of developing talent and selling on at profit, and I for one stand by any strategy which is designed to get a club in the best shape possible off the pitch so it can achieve sustainable success on it.

“Of course that can mean some pain along the way but it’s for the long-term good of the Club and that’s what all fans want.

“Whether or not I pursue opportunities in Australia, I clearly have a major emotional tie here which my sister Justine shares with me as a board member and we are fortunate to have a Board made up of people of varying skill sets who have the best interests of Dundee United at heart and the expertise to take the Club forward.“

[MFKS]

So I take it now that we are run by the FFA we can have a pyro party and rip flares non stop at games now like the RBB did when FFA owned WSW?? :rof:

I take it they don't fine themselves

[Jeterpool]

So I take it now that we are run by the FFA we can have a pyro party and rip flares non stop at games now like the RBB did when FFA owned WSW?? :rof:

I take it they don't fine themselves

Maybe we'll get a fair deal off the ref's now because we're all employed by the same organisation.

[MFKS]

Maybe we'll get a fair deal off the ref's now because we're all employed by the same organisation.

**** yeah.

We should insist on getting all the dodgy reffing going our way this season to be confined to the 3 games V the Gypos.

Imagine the burn from them if we win and they are robbed by the ref :lulzturtle:

[Jeterpool]

While it's great to see the FFA finally stepping in and appearing the savior for us I think we need to exercise an degree of caution.

Let's not forget, the FFA brought us Tinkler in the first place. This time I hope they are improving their due diligence on the consortium or the individual who will become the new owner. Not only that the new entity, whether they retain the Jets name or not, will have a massive job to re-engage with the community. But they've started by firstly removing Tinkler, and will continue by removing Stubbins. This will also re-engage the business community too as I've heard there are a lot of local businesses who want to join the club but refused to deal with HSG.

But lets not be naïve to think Tinkler will go quietly. While he's put millions into the club, he would want at least some return on his investment. I know I would. This is far from over.

There is a massive task which will start today to look at retaining employees, players and appointing coaching staff. Not only that, we've got half a squad to sign.

So while yesterday was the best day we've had in years, there's still something nagging away at me.

[snake]

So I take it now that we are run by the FFA we can have a pyro party and rip flares non stop at games now like the RBB did when FFA owned WSW?? :rof:

I take it they don't fine themselves

it would just be a tax deduction, we'd be doing them a favour :rof:

[lquiquer]

So I take it now that we are run by the FFA we can have a pyro party and rip flares non stop at games now like the RBB did when FFA owned WSW?? :rof:

I take it they don't fine themselves

We should demand seats on the hills to look more like Para stadium :lulzturtle:

[MFKS]

While it's great to see the FFA finally stepping in and appearing the savior for us I think we need to exercise an degree of caution.

Let's not forget, the FFA brought us Tinkler in the first place. This time I hope they are improving their due diligence on the consortium or the individual who will become the new owner. Not only that the new entity, whether they retain the Jets name or not, will have a massive job to re-engage with the community. But they've started by firstly removing Tinkler, and will continue by removing Stubbins. This will also re-engage the business community too as I've heard there are a lot of local businesses who want to join the club but refused to deal with HSG.

But lets not be naïve to think Tinkler will go quietly. While he's put millions into the club, he would want at least some return on his investment. I know I would. This is far from over.

There is a massive task which will start today to look at retaining employees, players and appointing coaching staff. Not only that, we've got half a squad to sign.

So while yesterday was the best day we've had in years, there's still something nagging away at me.

As I said to you yesterday I fully expect Tinkler to fight back. He may well be an arrogant **** but he isn't stupid.

A high level game of politics is being played and I fail to see that it is fully over. Pawns have been put in place for months and I feel it is a case of FFA having Tinkler at Check at present


Expect at some stage today Tinkler to approach some court and get some injunction out on the FFA and bring this to a legal battle dragging on in the courts for a lot longer

Yesterday was like Star Wars A New Hope
Today I see it as The Empire Strikes Back
Can't wait for The Return of the Griffo

[Jeterpool]

As I said to you yesterday I fully expect Tinkler to fight back. He may well be an arrogant **** but he isn't stupid.

A high level game of politics is being played and I fail to see that it is fully over. Pawns have been put in place for months and I feel it is a case of FFA having Tinkler at Check at present


Expect at some stage today Tinkler to approach some court and get some injunction out on the FFA and bring this to a legal battle dragging on in the courts for a lot longer

Yesterday was like Star Wars A New Hope
Today I see it as The Empire Strikes Back
Can't wait for The Return of the Griffo

I think this is the next move too.

[MFKS]

NATHAN Tinkler is not done fighting just yet, accusing the FFA of being “morally bankrupt” for taking back his A-League licence and warning they may have taken the first step towards folding their own competition.

Just hours after the FFA announced it was taking over the debt-riddled Newcastle Jets and stripping Tinkler of ownership of the club, the former billionaire hinted at potential legal action saying: “This could get ugly.”

“They have proven just how selfish they are with their actions today,” Tinkler told The Daily Telegraph.


They depend on the A-League owners to subsidise their game but it is just not a sustainable model.

“This is not over yet. I’ve got a buyer (Scottish club Dundee United) there that they are engaging with and they are effectively trying to pinch that buyer from me.

“I’ve engaged with that buyer to sell the club and that is still what I intend on doing.”

Asked how he would go about that given he no longer owns the licence, Tinkler said:

“That’s what we are going to have the blue with the FFA about.

“The way it’s going, they might have a few more of these licences in their lap in the next couple of months.

“They might have just taken the first step to folding their own competition.”

Earlier on Wednesday, Tinkler put the Jets into voluntary administration with debts of $2.7 million.


He claimed a sale to Dundee United for just under $5 million was “imminent” and wanted the FFA to give him the time to get the sale across the line.

But with the monthly wages of players and staff that were due last Friday still unpaid, the FFA acted.

Tinkler maintains his priority is to see all the club’s creditors paid out in full and wants the opportunity to ensure that happens.

He hopes a meeting between the FFA, representatives from Dundee United and the administrator can clear things up.

“I think I have got good legal grounds to fight this,” he said.

“I think the FFA’s actions are immoral and unethical. In good faith, I let them talk to the party who wants to buy the club and this is how they have reacted.

“I’ve got my legal advice but I will just sit on that for now. We’ll go with the buyer to see the FFA to see if some common sense can prevail.

“I’ve been in contact with the FFA all day. I didn’t hide from these actions. It wasn’t a surprise to them because I told them what I was going to do.”

Tinkler says the FFA is playing with fire in their treatment of him.

“The FFA have set the template here of ripping off owners and thinking it’s okay, ”he said.

“ They peg us guys to put our hard-earned in and we do and then they want to rip it from you and basically, they are saying that all A-League licences are worth nothing.

“What are we as owners doing this for? The FFA is saying we don’t have anything of value and they are taking steps to try and prove that. Are they going to take the licence off Brisbane next? Are they going to take the licence off Perth or Central Coast next?

“All those guys are in the gun sights of the FFA because we have been stamping our feet saying there has to be change because it is just not sustainable.

“Mark my words. If they are not careful and continue to treat the owners like they are, there won’t be a competition full-stop.”


TINKLER’S TURBULENT TIME


September 2010: Purchased the Newcastle Jets from Con Constantine.

October 2010: Membership of the club increased to over 10,000.

October 2010: Extended his ownership of the club until 2020.

October 2011: Terminated the contract of coach Branko Culina.

April 2012: Attempted to hand the Jets’ A-League licence back to FFA, but was told he would be in breach of contract. He retained ownership.

May 2014: Appointed Phil Stubbins as coach on a two-year contract.

February 2015: Settled a series of outstanding debts to a variety of organisations.

April 2015: Attended his first home game at Hunter Stadium and pledged his long term commitment to the Jets.

May 2015: Failed to pay employees wages for the third time in four months and placed the club into voluntary administration.


Here we go.
The Response from Tinkler

[Premy]

Here we go.
The Response from TinklerMore lies, the big man is done.
Frank has all his ducks lined up and the big man is clutching at straws, if he does pursue this case he'll just be throwing more money away.

[idontwannaplaywithhowey]

Absolutely...Tinks is just blowing more hot air (just as he has for the past 6 months).

[380]

Maybe we'll get a fair deal off the ref's now because we're all employed by the same organisation.

Just as Polenz had a free pass to hack all and sundry.

[Nou Camp]

"Player contracts for next season and beyond will be transferred over to the new entity.
However, coaching and administration staff will have their positions reviewed"

Surely that means no stubbins!!

[borat]

So what happens to the 2 years outstanding superannuation if the FFA are only committed to paying last months wages? Now that Thompson has confirmed that there is an offer on the table since Friday that would enable everyone to be paid what they are owed then why won't the FFA allow the sale to go through?

My first thoughts was that Tinks is full of shit and there is no offer. Now that its confirmed surely all the FFA have to do commit to their due diligence on the potential new owners. Any outcome that screws over players, staff and local business is not right

[furns]

So what happens to the 2 years outstanding superannuation if the FFA are only committed to paying last months wages? Now that Thompson has confirmed that there is an offer on the table since Friday that would enable everyone to be paid what they are owed then why won't the FFA allow the sale to go through?

My first thoughts was that Tinks is full of shit and there is no offer. Now that its confirmed surely all the FFA have to do commit to their due diligence on the potential new owners. Any outcome that screws over players, staff and local business is not rightI would surmise that paying off the outstanding debts will be included in the purchase price if a deal is to be done imminently.

[borat]

I would surmise that paying off the outstanding debts will be included in the purchase price if a deal is to be done imminently.

So why don't they say that? You are assuming that this is an honourable organisation that is bound to do the right thing. Tinker is a scumbag that wasn't to be trusted but the FFA are not much better.

All they have to say is that any future licence fee taken will be used to paying the outstanding debts owed. But all they have said is that in a sign of good faith the would pay the last months wages. Why?

[MFKS]

More lies, the big man is done.
Frank has all his ducks lined up and the big man is clutching at straws, if he does pursue this case he'll just be throwing more money away.

Don't count your chickens he has everything covered.

Tinkler yesterday placed the club in administration

3 Hours later the FFA seized an asset(licence) and is preventing him from trading out of it/settling his debts by selling it.

Lets not even bother factoring in the implications of stripping a company of assets when not legally entitled as the company is in administration.


I don't know enough on the law in that regard but Tinkler does have his ducks also lined up and he does have a point about them denying him opportunity to sell.

Forget your personal opinion on Tinkler

FFA have made some big decisions and have opened themselves up to court room scrutiny as to the legalities of the finer details of HAL Franchises arrangements.


The big loser with Court action here is FFA getting their private dirty laundry aired publically.

Not Tinkler. He couldn't give a ****

[borat]

Don't count your chickens he has everything covered.

Tinkler yesterday placed the club in administration

3 Hours later the FFA seized an asset(licence) and is preventing him from trading out of it/settling his debts by selling it.

Lets not even bother factoring in the implications of stripping a company of assets when not legally entitled as the company is in administration.


I don't know enough on the law in that regard but Tinkler does have his ducks also lined up and he does have a point about them denying him opportunity to sell.

Forget your personal opinion on Tinkler

FFA have made some big decisions and have opened themselves up to court room scrutiny as to the legalities of the finer details of HAL Franchises arrangements.


The big loser with Court action here is FFA getting their private dirty laundry aired publically.

Not Tinkler. He couldn't give a ****

Yup totally agree. The FFA actively courted Tinkler to get him on board, then did everything they could to keep him when he wanted to walk. Then sit back and allow 2.7milliion in debt to be accumulated and the team run into the ground. Yet can somehow try and claim a moral high ground. Please.

[plague]

I think you lot are underestimating how good Gallop is.

Bloke is a dead set shark in the big boys rooms by all accounts.

He'll make Tinks cry.

[borat]

Yep but Gallop will be playing the cards dealt by Buckley. Good luck with that

[plague]

Yep but Gallop will be playing the cards dealt by Buckley. Good luck with that

I'll have Gallop and Uncle Frank, you can have Tinks and Lionel Hutz.

May the best team win.

[MFKS]

Yup totally agree. The FFA actively courted Tinkler to get him on board, then did everything they could to keep him when he wanted to walk. Then sit back and allow 2.7milliion in debt to be accumulated and the team run into the ground. Yet can somehow try and claim a moral high ground. Please.

Not to mention the other aspect they charge him for licence and then don't allow him to be reimbursed for its sale and the FFA keep the profit.

Add in the complexities involved with conflicts of interest if Tinkler has been courting Thompson and FFA have also been courting Thompson to take over on the sly. Don't look really good in court when the FFA stand to profit to the tune of several million $$$

[boz-monaut]

Uncle Frank didn't get to where he is by getting taken for a ride by cashed up bogans

Tinkles got where he is by trying to screw over the big boys and coming away second best

[MFKS]

I'll have Gallop and Uncle Frank, you can have Tinks and Lionel Hutz.

May the best team win.

Tinkler is gone. It is not so much now about who wins and loses


The issue now is how much damage he can do in the mean time to the FFA and Jets and also the finer points of the FFA's Licensing system and how that will be effected long term


Tinkler may well win a legal case. That is irrelevant really

Won't stop him being gone from our club but he can stand to financially profit and cause massive damage to the FFA in embarrassment and future income loss and also effect the Jets moving forward etc

That are the issues

[lquiquer]

Phill 100% committed to Jets!!!!.... Check twitter for source........FFS, never want to see him again.....

[Nou Camp]

Of course his legal team will be saying you have a chance to win a legal case, they will be looking at the dollar signs of a case that stretches years (they will extract money out of him some how)
and if he cant afford the legal fight even better

id imagine those club owners agreements with the FFA would be pretty tight and tinkler has had several breaches already I think the FFA will say bring it on buddy

[plague]

Tinkler is gone. It is not so much now about who wins and loses


The issue now is how much damage he can do in the mean time to the FFA and Jets and also the finer points of the FFA's Licensing system and how that will be effected long term


Tinkler may well win a legal case. That is irrelevant really

Won't stop him being gone from our club but he can stand to financially profit and cause massive damage to the FFA in embarrassment and future income loss and also effect the Jets moving forward etc

That are the issues

Pretty sure the same was said about Con and Fat Clive.

[belchardo]

yep, and Clive had never lost a court case in his life.

[Wilso8948]

Tinks is no chance. I do not believe he is the behind the scenes smart bloke people think he is. He's an electrician who made some very lucky choices. And when push came to shove some extremely bad ones that's left him high and dry. The jets are a blip on his radar. He'll talk and scream but eventually just walk away. My money is on gallop. All day erryyy day

[Premy]

Don't count your chickens he has everything covered.

Tinkler yesterday placed the club in administration

3 Hours later the FFA seized an asset(licence) and is preventing him from trading out of it/settling his debts by selling it.

Lets not even bother factoring in the implications of stripping a company of assets when not legally entitled as the company is in administration.


I don't know enough on the law in that regard but Tinkler does have his ducks also lined up and he does have a point about them denying him opportunity to sell.

Forget your personal opinion on Tinkler

FFA have made some big decisions and have opened themselves up to court room scrutiny as to the legalities of the finer details of HAL Franchises arrangements.


The big loser with Court action here is FFA getting their private dirty laundry aired publically.

Not Tinkler. He couldn't give a ****

Tinkler has no grounds, placing the entity into administration was a clear breach of licence terms. All the FFA need to do is argue that they acted in the best interest of its product and they preceded to do so in a legal manner.

The big man is flat on his back and the umpire is over half way through a 10 count

[lquiquer]

http://www.fourfourtwo.com/au/news/stubbins-100-cent-committed-newcastle?utm_source=twitter&utm_medium=social&utm_campaign=fourfourtwo_autopost

[Jeterpool]

http://www.fourfourtwo.com/au/news/stubbins-100-cent-committed-newcastle?utm_source=twitter&utm_medium=social&utm_campaign=fourfourtwo_autopost

:rof: :rof: :rof: :rof: :rof: :rof: :rof: :rof: :rof: :rof:

Go away Phil

[380]

Last paragraph sums it up nicely.

When a proper coach arrived on the scene Phil went back to what he does best which is putting the cones out.

Piss of Stumblins

[Nou Camp]

yep, and Clive had never lost a court case in his life.

Clive actually lost one at the start of last year over rounds of golf
http://www.couriermail.com.au/news/queensland/clive-palmer-ordered-to-pay-718983-in-legal-battle-over-golf-lease-at-coolum-resort/story-fnihsrf2-1226833119187

[plague]

Clive actually lost one at the start of last year over rounds of golf
http://www.couriermail.com.au/news/queensland/clive-palmer-ordered-to-pay-718983-in-legal-battle-over-golf-lease-at-coolum-resort/story-fnihsrf2-1226833119187

Yeah.
Ummm.
Well, the thing is.


Oh never mind.

(Belchardo was taking the piss-in b4 Captain Obvious).

[plague]

My money is on gallop. All day erryyy day

Remember that it was Gallops arrival that coincided with Jason Derulo playing at the grand final.

Blokes had the Midas touch since day dot.

Don't stress, Dave's got this.

[Nou Camp]

Yeah.
Ummm.
Well, the thing is.


Oh never mind.

(Belchardo was taking the piss-in b4 Captain Obvious).

the work pc has a sarcasm filter on it...

[halo se7en]

This is just Con v2.0. Why is everyone so worried?

Con threatened legal action blah blah blah. The FFA knew what they were doing and Con disappeared from sight. Same will happen to Tinkler. The FFA might make some mind-boggling decisions but they would know what they're doing. When have they made a decision regarding a licence that has backfired on them? There was no comeback from Fury, Clive Palmer, or Con the first time. How the **** could Tinks pay for decent legal rep anyway and would he really want to waste even more money? Guarantee Tinks will be long gone by June.

And why are people still cautious about a new owner? Whoever the new owner is will have ONE simple task - 'just don't **** it up'. That's it. Leave prices as they are. The football community here will just be relieved to have new ownership, let alone expect anything magical. Hell, I'm ready to buy my season ticket for next year already. How could it possibly be any worse than it has been this past season? I'm sure the FFA have been sounding out potential owners for longer than this week. If they do go with Stephen Thompson, then so be it. At least he doesn't sound like an utter asshole.

[MFKS]

Not when new owner lets Muppet keep his job

FFA OUT

[plague]

Not when new owner lets Muppet keep his job

FFA OUT
Get to the new thread Member.
It's farkern ON!!!

[MFKS]

THE Newcastle Jets owe their creditors at least $4.5million, while company records show Nathan Tinkler companies have loaned the club more than $14.7million since taking over in September 2010.

With potential liabilities of almost $20million, the Jets appear to be in far worse shape than initially thought when Tinkler, pictured, called in insolvency specialists Shaw Gidley on Wednesday to put the company behind the club into voluntary administration.

Shaw Gidley partner James Shaw told the Newcastle Herald on Thursday he had met senior representatives of Football Federation Australia and was hopeful a deal could be negotiated to settle a complex situation as fairly as possible.


Mr Shaw said he had not seen the full books but a summary of the loan account showed Tinkler companies had put $14,714,579 into Newcastle Jets Football Operations Pty Ltd, the company he had been appointed to run.

He said if Tinkler was prepared to “subordinate” his loan to allow other creditors to be paid first, there was a chance staff and unsecured creditors would be paid some of the money owed to them.

“It’s a very complex situation, because everyone involved has different interests and responsibilities,” he said.

“The FFA has pledged to field a Newcastle team in next season’s A-League, and its interest is obviously to ensure that the fans have a team and that the players, who they have said they will stand behind, are looked after. But when you look at the books, trade, tax and payroll liabilities total more than $4.5 million.

“I have to stress these are not final figures. They could move in either direction. But there’s a tax bill of almost $2.5 million. Payroll liabilities are $1.4million, including about $790,000 in unpaid super.


‘‘Trade creditors are owed more than $700,000. And then there’s the outstanding wages bill that triggered it all.

“From a Hunter community point of view, the best thing would be if the FFA agreed to use at least some of the money raised from a subsequent sale of the Newcastle licence to help those unsecured creditors caught up in the collapse of the Jets.

“If that happens, and the FFA accepts a restructure something along the lines of what the National Rugby League did with the Gold Coast Titans, and the FFA is able to sell the Newcastle licence to a new operator, then we could be able to set up some form of deed, whereby the trade creditors, the staff and the tax office receive some payments down the track.

“If not, then history shows that the ultimate outcome is likely to be liquidation, with a zero cents in the dollar return.”

Months of simmering tensions at the Jets exploded this week when the club was unable to pay a wages bill that would normally be covered by a monthly payment of $250,000 from the FFA.

But as Mr Shaw explained, this money is the subject of a “garnishee” issued by the tax office, which means the tax office gains access to some of the money.

“I am still seeking details of the garnishee but it seems the tax office has used it since late last year,” Mr Shaw said.

“When the wages bill wasn’t paid this week, the FFA said it would take the licence. Unable to pay his debts when they fell due, Nathan called us in under the relevant sections of the Corporations Act as administrator of Newcastle Jets Football Operations Pty Ltd, the company that held the Jets’ FFA licence.

“Then, a few hours later, the FFA took back the Newcastle licence on the basis of a series of breaches of the licence conditions.”

Mr Shaw met with FFA chief operating officer John Kelly and A-League head Damien de Bohun at Speers Point on Thursday.

He said the FFA had grounds for taking back the Jets’ licence, and he would not be challenging the decision. He was monitoring the interest a consortium led by Dundee United chairman Stephen Thompson was showing in the Newcastle licence.

Corporate records show Newcastle Jets Football Operations Pty Ltd is a $1 company owned by Hunter Valley Sports Group Pty Ltd, another $1 company owned in turn by Hunter Sports Group Pty Ltd.

Hunter Sports Group is also a $1 company, the sole share owned by Nathan Leslie Tinkler.
.

Couldn't organise a **** in a brothel with a fistful of fifties

[Jetmaster]

"Jets owe me $15m: Tinkler"

Where's does the idea come from that putting money into a business can be recouped after putting it into administration?

Or is it just another poor choice of headline by the the Herald?

[plague]

"Jets owe me $15m: Tinkler"

Where's does the idea come from that putting money into a business can be recouped after putting it into administration?

Or is it just another poor choice of headline by the the Herald?

Nah common practice. He loans it from one company to a shelf company. Then it sits as a liability til the day he sells or goes bust.

That way he is the biggest creditor and gets to put his hand out first to be paid, or at very least dilutes every other creditors share so they give up trying.

[belchardo]

but it is still a poor headline.

[plague]

but it is still a poor headline.

Generally the biggest bullies cry the loudest once you smack them in the nose.

Best part is Tinks would prob be sitting there thinking the Herald has given him a sympathetic headline, but I suspect they've gone for the exact opposite.

[hawk]

Generally the biggest bullies cry the loudest once you smack them in the nose.

Best part is Tinks would prob be sitting there thinking the Herald has given him a sympathetic headline, but I suspect they've gone for the exact opposite.

Tinks is as big a delusional fool as Stabbins. Tinks should get back to his pretend job in WA the big waste of space.

herald and Tinks lol what did he expect.

[baldrick]

NATHAN Tinkler has agreed not to pursue almost $15 million he says he is owed by the Newcastle Jets until other creditors have been paid.

Jets administrator James Shaw said Mr Tinkler's decision to stand aside was an important step in sorting out the club's financial woes. Initial figures for Newcastle Jets Football Operations Pty Ltd (Administrator Appointed) showed liabilities of more than $4.7 million, including almost $800,000 in unpaid superannuation contributions, more than $700,000 to trade creditors and $2.5 million to the Tax Office.

But because the Jets had lost their only real asset when Football Federation Australia took back the club's A-League licence, any return to creditors depended on the FFA helping out.

"I will be speaking to the FFA again next week but the fact that Mr Tinkler has signed a deed of subrogation, agreeing not to pursue any rights he might have until the outcome for other creditors is finalised, is a good step forward," Mr Shaw said.

"It's true that the FFA is not obliged, legally, to put money into the deed of company arrangement.

"But from a community point of view, I am hoping that the FFA will agree to put at least some of the funds from the subsequent sale of the Newcastle A-League licence towards paying the Jets' creditors. And I would hope that Mr Tinkler standing back from that, and not pressing his claims, will help the FFA make a clean break and a quick, fresh start."

Mr Shaw said that without a deed of company arrangement, the company under administration would almost certainly go into liquidation, meaning none of the creditors would be paid.

He said a first meeting of creditors was set down for Panthers Newcastle on June 1 starting at 10am.

He said the only Jets assets were a car, a small amount of sporting equipment and some merchandise that was likely to be the intellectual property of the FFA, and so to be returned to the federation.


See your ad here
He said Mr Tinkler signed the two-page "deed of subrogation" on Friday. The deed says: "Mr Tinkler, by his execution of this deed, agrees to subordinate all amounts that may be owed to him, and his associated entities, by the Jets until the terms of the proposed Deed of Company Arrangement that provides for payments to creditors of the Jets, has been satisfied, and that he will procure whatever documentation the administrator of the Jets may require to give full effect to this deed."


http://www.theherald.com.au/story/3098263/tinkler-stands-aside-on-debts/?cs=305

[late_to_the_game]

Only because he knows there is nothing in the companies.

So he has given away nothing.....

[Jeterpool]

http://www.theherald.com.au/story/3098263/tinkler-stands-aside-on-debts/?cs=305

What a saint

[sammydog]

Rumours on FB of Marcello Fiorentini trying to get a European Consortium led by an Insurance Company to buy the club.

Love to know how much truth there is to this?

[OmeletteDuFromage]

Im hearing that aswell

http://puu.sh/hXsCE/bb9ebc9e40.jpg

[militiamon]

allo boizzzzz

[plague]

Does Simone Charlton have some connection to the Great Man Marcello?

[weston]

Does Simone Charlton have some connection to the Great Man Marcello?


Friend or something she says.

[GazFish35]

I asked him about it. He replied With photo of a jets coffee mug of his dining table saying this pictures should remove any doubts and that he's waiting to hear from the FFA

Something's lost in translation i think

I reckon it's true.

[belchardo]

That's from so far left field it may just be true! Fook me!

[The Postman]

I for one, Welcome our new Italian overlords.

[q-money]

as a noted forum celebrity i will gladly assist them in rounding up others to toil in their underground spaghetti caves

[Premy]

Wasn't Thompson interested in a consortium?
Fiorentini and Thompson together make it happen Gallop.

[WolfMan]

European insurance - Allianz?

[Thomas477]

Connection to Allianz Arena, means a parent club with Bayern Munich.

Forza Bayern Newcastle.

[The Postman]

Connection to Allianz Arena, means a parent club with Bayern Munich.

Forza Bayern Newcastle.

Same colour scheme, make it happen

[WolfMan]

I think we can all thank Ben Kantarovski for sewing the seed all those years ago during his trial. Well done

[Jetmaster]

Full report in the Herald tomorrow.....(based entirely on comments above).

[plague]

At least our grooming standards will improve.

[belchardo]

At least our grooming standards will improve.

haven't you seen the last 4 or 5 seasons? we clearly drag teams down to our levels.

[Jeterpool]

I for one, Welcome our new Italian overlords.

Works at Leeds

[hawk]

allo boizzzzz

lol that yoof game

[sammydog]

I asked him about it. He replied With photo of a jets coffee mug of his dining table saying this pictures should remove any doubts and that he's waiting to hear from the FFA

Something's lost in translation i think

I reckon it's true.

I spoke to him and it all sounded legit, but he didnt want it widely advertised, which is different to what he has told some other people.

I also got the coffee cup picture.

[lquiquer]

https://audioboom.com/boos/3214405-interview-mitchell-murphy-speaks-with-kofm-s-david-collins

Decision regarding Coach should be sorted by the end of the week

[MFKS]

I take it the new coach decision will be announced by end of week ??

Not a week long enquiry as to whether Muppet keeps his job??

[lquiquer]

I take it the new coach decision will be announced by end of week ??

Not a week long enquiry as to whether Muppet keeps his job??

Well it's a bit vague but unfortunately sounds like it could be a week till we find out he (hopefully) is gone!!!!! Majority would have made that decision last February but it seems they (FFA) need few more days??

[boz-monaut]

it would be a show of faith in the Newcastle fans for the FFA to do us a favour and get rid of Stubbins before the end of the week

[380]

I am tipping if Muppet was keeping his job it would have been sorted by now, As simple as status quo here you go here are your identical terms as previously under HSG please sign here. Muppet signs ASAP because no other mob would be stupid enough to give him a gig, Not even as a linemarker or working in the tuck shop.

The fact no anouncement til the end of the week suggests to me they have there man and are just dotting the i's and crossing the t's an some paperwork before an anouncement.

Thats the hope anyway

[boz-monaut]

dotting the i's and crossing the t's
there's one of each in shit

a c, a u, an n, and another t usually follows when describing Stubbins

[MFKS]

there's one of each in shit

a c, a u, an n, and another t usually follows when describing Stubbins
That's not entirely accurate.

The word useless tends to proceed that word

[Grimario]

there's one of each in shit

a c, a u, an n, and another t usually follows when describing Stubbins

****ing hell. Was just trying to work out what acauannt spelt.

I need sleep.

[hawk]

I am tipping if Muppet was keeping his job it would have been sorted by now, As simple as status quo here you go here are your identical terms as previously under HSG please sign here. Muppet signs ASAP because no other mob would be stupid enough to give him a gig, Not even as a linemarker or working in the tuck shop.

The fact no anouncement til the end of the week suggests to me they have there man and are just dotting the i's and crossing the t's an some paperwork before an anouncement.

Thats the hope anyway

ill go with that

[boz-monaut]

once this business is sorted, the fat man and his Muppet will be damnatio memoriae on this forum

we've collectively fixed history's mistakes on previous occasions, we can do it again

[furns]

Should we just jump from 25/02/08 to tomorrow and pretend it all never happened?
Or that it was a dream within another dream wrapped in a nightmare that took 24 hours in real time to get out of, but in relative time took 7 yrs & 3 months?

Or did we all just smoke some really bad shit?

[hawk]

Should we just jump from 25/02/08 to tomorrow and pretend it all never happened?
Or that it was a dream within another dream wrapped in a nightmare that took 24 hours in real time to get out of, but in relative time took 7 yrs & 3 months?

Or did we all just smoke some really bad shit?

didn't happen. We were out the comp there for a while

[Grimario]

http://www.coomaexpress.com.au/story/3096451/jets-owe-me-15-million-tinkler/

Well then

[MFKS]

http://www.coomaexpress.com.au/story/3096451/jets-owe-me-15-million-tinkler/

Well then

That was in the Newy Herald either last Thursday Friday.

That just shows you what a two bit hick town Cooma is where it takes 4-5 days for the news to reach.

Even more bizarre these days with the internet.

NBN can not come soon enough

[MFKS]

WHILE the Newcastle Jets were slipping into deep financial trouble at the start of the A-League season last year, Football Federation Australia was brokering a secret deal.

With the weight of $271,502 in unpaid wages weighing heavily on his mind, former Jets owner Nathan Tinkler told FFA on October 10 he was withdrawing financial support.

The Jets were due to play their first game of the season, against the Central Coast Mariners, the next day.

Five days later, FFA made a secret payment to the struggling club – a $300,000 loan – to cover staff and player salaries and provide a small amount of working capital.

Details of the deal were outlined for the first time in a creditors report, obtained by the Newcastle Herald, by Newcastle Jets administrator James Shaw.

For the next three months, the Jets limped along against a backdrop of mounting creditors until, on January 14, FFA stepped in to demand Mr Tinkler settle a host of liabilities, including its loan of $300,000, long-overdue unpaid employee superannuation and debts to several creditors.

The bill was more than $1million.

On January 30, the Jets advised FFA that they couldn’t pay.


According to Mr Shaw’s report, within seven months of FFA throwing the Jets a lifeline to keep the club in the A-League competition, it racked up $1.9million in debts.

Much of it was to unsecured creditors, including local mum-and-dad businesses, who may never see a cent.

Mr Shaw’s investigations indicate the Jets were most likely insolvent from the day Mr Tinkler went to the FFA in October to withdraw his financial support.

“Evidence available to me suggests the FFA was aware of the company’s insolvency,” he said.

Among the wreckage left behind the fall of the club has emerged a new battle, as FFA takes on the administrator, accusing its report of being “misleading” and “inaccurate”.

A-League boss Damien de Bohun said on Friday that, far from being aware that the Jets were insolvent in October, FFA was told by Mr Tinkler weeks later he was reconfirming his commitment to the club.

“FFA will consider its options in advance of the next creditors meeting, including possibly seeking the removal of the administrator,” he said.

In an interview published on November 8, 2011, the Herald asked FFA chief executive David Gallop if FFA was subsidising the Jets, or if the club had been paying its own bills.

‘‘It’s not appropriate to disclose all the arrangements that are in place, other than to say we’ve got good visibility over what is going on up there. We’re satisfied there are resources to keep the team and the club going, at the moment.’’

When asked to clarify if those ‘‘resources’’ were provided by the club, Mr Gallop answered: ‘‘I know you’re pushing me on that, but I’m not going to say any more than that.’’

The club’s demise was a far cry from September, 2010, when Mr Tinkler stepped in at the 11th hour to save the Jets from extinction when former owner Con Constantine experienced financial difficulties.

Soccer fans could not believe their luck when, during a honeymoon period, the Jets announced coup after coup, all bankrolled by Mr Tinkler, who admitted he was no great fan of the game.

Five years later, the embattled club was lurching from disaster to disaster and not surprisingly had made a terrible start to the A-League season. Chief executive Robbie Middleby and chairman Ray Baartz both resigned in January.

It looked like the end was near, but on February 4, Mr Tinkler’s lawyers wrote to FFA reconfirming his commitment to the club, detailing a host of debts to be paid.

In what was seen as a “rabbit-out-of-a-hat moment”, two days later Mr Tinkler stunned everyone by settling about $500,000 worth of Jets debts.

“FFA was given written and verbal assurances from Nathan Tinkler and his lawyers that the company would be recapitalised and would repay debts,” de Bohun said on Friday.

But over the next few months a series of extensions were negotiated for the club to resolve remaining bills, Mr Tinkler repeatedly failed to meet his obligations, and a bitter fight erupted with FFA.

The last remnants of Mr Tinkler’s sporting empire began to crash around his ears when in February and March, FFA withheld $300,000 of grant money to settle its loan.

The final nail in the coffin came when the Australian Tax Office stepped in to seize the FFA funding used to pay Newcastle Jets players.

All A-League clubs receive a grant each year from FFA, in 12 monthly instalments, to cover player wages.

In March, April and May, the ATO seized $476,091, players went unpaid and pressure intensified on Mr Tinkler.

Behind the scenes, FFA – aware that the ATO was about to step in – moved quickly to recoup its $300,000 debt by withholding Jets payments.

It was a case of the ATO take the money, or FFA.

“FFA was not legally permitted to provide distributions to HSG while the ATO order was in place,” Mr de Bohun said.

With FFA threatening to revoke his operating licence, a defiant Mr Tinkler placed the Jets in voluntary administration on May 20.

Hours later, FFA revoked Mr Tinkler’s licence.


If that is true then some massive issues are there about the legalities of the club trading in a state of insolvency last season.

Not to mention it does make the FFA slightly complicit in the cluster **** that went on

[furns]

Member - make sure you link the article please. Last thing I need is the herald bitching we are posting content without crediting them.

A number of other articles on the whole Tinkler mess also
http://www.theherald.com.au/story/3159460/knights-bought-back-jersey-sponsorship-from-tinkler/
Explains why I think one of of the four months wages are paid on time

http://www.theherald.com.au/story/3159384/the-jets-had-21m-in-debt-605-in-the-bank/

http://www.theherald.com.au/story/3159388/insovlent-trading-alleged-as-liquidation-looms/
Lesson for the kids - if you are placed "in charge" of a company for a family member make sure you know what is actually going on at the company you are supposed to be running.

[The Dunster]

As long as Tinklers sister has a 99.96 batting average at test level she should be immune to any charges just like Donald Bradman was when he pulled a similar stunt back in the day.

[Grimario]

Are these ****s a Tinkler/Stubbins bunch of ass lickers?


Soccer Stoppage Time ‏@SocStoppageTime
Why is the FFA demanding a licence fee from potential parties interested in buying the Newcastle Jets FC.
Dundee United Chairman has been told he needs to pay a licence fee to acquire the Newcastle Jets . FFA has previously sold licence to Tinkle
If a licence fee is charged then the FFA should use it too pay off the Tinkler debts including former staff and coaches
FFA have failed former staff and coach Phil Stubbins offered $ 3,000 compensation from a the $ 150,000 owed to him.
The disgusting $ 3,000 offered to Stubbins would only be paid by FFA if he signed a confidential agreement. Disgraceful action Mr De Bohun

Why the **** aren't they lambasting Tinkler for not paying Stubbins his $150k? Why are the blaming the FFA who have no obligation to pay Stubbins anything? He's contracted to HSG, he can **** off and get his share in the courts along with the other millions of creditors.

[Blackmac79]

I would imagine that stubbing has been a good source of information for these guys over the last little while. Can't lambast people who are your sources.

[stopper2]

Are these ****s a Tinkler/Stubbins bunch of ass lickers?



Why the **** aren't they lambasting Tinkler for not paying Stubbins his $150k? Why are the blaming the FFA who have no obligation to pay Stubbins anything? He's contracted to HSG, he can **** off and get his share in the courts along with the other millions of creditors.

I reckon the $3,000 offered to Muppet by FFA instead of the $150,000 he is supposedly owed is probably about right!!!
Up there with the worst coaches ever in Australian football history let alone the A League:rof:

[hawk]

THE proposed takeover of the Newcastle Jets by Scottish millionaire Stephen Thompson appears a step closer to reality after chief executive Mitchell Murphy parted company with the club on Thursday.
http://www.theherald.com.au/story/3263387/murphy-out-eland-in-as-jets-ownership-change-looms/?cs=306


Was there ever any other plan

[matty]

Apparently an asian prince is doin his due dilligence into buying an a-league franchise. We can only hope right?

[Premy]

Apparently an asian prince is doin his due dilligence into buying an a-league franchise. We can only hope right?
Brisbane roar most likely.

[matty]

So ive been reading that stephen thompson has been re-elected on the board at the spfl, so does that mean that he has a conflict of interest? Seems a little strange that he will have to be in 2 places at once if he was to take over the jets. Also to this i have a source close to some people in the club and it was also mentioned of the "chinese" billionaire snooping around newcastle

[Tommyjet]

Plot thickens

[RAM]

So ive been reading that stephen thompson has been re-elected on the board at the spfl, so does that mean that he has a conflict of interest? Seems a little strange that he will have to be in 2 places at once if he was to take over the jets. Also to this i have a source close to some people in the club and it was also mentioned of the "chinese" billionaire snooping around newcastle

No :facepalm:

[GazFish35]

Agreed.

if he can't sit on two boards at one time he's not efficient.

[De-Champ]

Agreed.

if he can't sit on two boards at one time he's not efficient.

Must have a big backside sitting on two boards

[belchardo]

Must have a big backside sitting on two boards

depends how wide they are.

[hawk]

his ass will be over there more than here. fk u stubbson

[Retro Jet]

So ive been reading that stephen thompson has been re-elected on the board at the spfl, so does that mean that he has a conflict of interest? Seems a little strange that he will have to be in 2 places at once if he was to take over the jets. Also to this i have a source close to some people in the club and it was also mentioned of the "chinese" billionaire snooping around newcastle

It wasn't that Jack Ma fellow was it?
http://www.wsj.com/articles/alibabas-jack-ma-latest-to-invest-in-chinese-soccer-1402584800
Rumours are that he has close contacts in Newie...

[leftrightout]

It wasn't that Jack Ma fellow was it?
http://www.wsj.com/articles/alibabas-jack-ma-latest-to-invest-in-chinese-soccer-1402584800
Rumours are that he has close contacts in Newie...

We would be assured of marquee players with him in charge surely!

[hawk]

The $4 million sale of Newcastle Jets to a consortium led by Dundee United chairman Stephen Thompson appears to be imminent, with the Scotsman due in Sydney to complete the purchase of the licence from Football Federation Australia.

hope he changes us to the tangerine, we havent had those colours yet

[Jetmaster]

hope he changes us to the tangerine, we havent had those colours yet

How come we still have people thinking this is a Dundee United takeover? This is a Thompson investment...nothing to do with Dundee.

[hawk]

How come we still have people thinking this is a Dundee United takeover? This is a Thompson investment...nothing to do with Dundee.

sigh.... ya think einy

I know he has a soft spot for that colour. actually we did play a "friendly in that colour already

bring it in. biggest newy outrage since craft beers came to town

[boz-monaut]

How come we still have people thinking this is a Dundee United takeover? This is a Thompson investment...nothing to do with Dundee.

you just wait until we're taken over and he changes the name to the Newcastle Dundee Crocodiles

and what colour are crocodiles? green and brown

it's a match made in heaven

[Bon]

Any news on our impending new overlord?

[boz-monaut]

no news is good news, and it would be good news if this were to happen

therefore I think we can conclude that a deal has been done

[Roundball Enthusiast]

http://www.dailyrecord.co.uk/sport/football/dundee-united-chairman-stephen-thompson-6313011

Looks like a done deal.

[Grimario]

I assume you mean "looks like an article that says the same thing as every article has for the last month or so"?

[Roundball Enthusiast]

I assume you mean "looks like an article that says the same thing as every article has for the last month or so"?

Exactly. :)

[Grimario]

Look, another one saying the same thing!

http://www.foxsports.com.au/football/a-league/a-league-ffa-hope-to-sell-newcastle-jets-to-chairman-dundee-united-within-six-weeks/story-e6frf4gl-1227497127569

[hawk]

freeing up funds for a possible rescue of the brisbane roar

ok, we are aids to the ffa

[GazFish35]

It'll be news again tomorrow.

Reports in UK say it's sorted based on assumptions made in reports made in Australia.
Reports in Australia say that reports in UK say it's sorted.
Reports in UK say that reports in Australia say it's sorted.

Rinse and repeat until it's sorted on way or the other.

[belchardo]

It'll be news again tomorrow.

Reports in UK say it's sorted based on assumptions made in reports made in Australia.
Reports in Australia say that reports in UK say it's sorted.
Reports in UK say that reports in Australia say it's sorted.

Rinse and repeat until it's sorted on way or the other.

you forgot the key link: somebody on forum posts that there is a report out of the UK saying that it's sorted. would go between line 1 and line 2.

[Grimario]

It'll be news again tomorrow.

Reports in UK say it's sorted based on assumptions made in reports made in Australia.
Reports in Australia say that reports in UK say it's sorted.
Reports in UK say that reports in Australia say it's sorted.

Rinse and repeat until it's sorted on way or the other.

Days almost halfway thru. You could be wrong.

[Tommyjet]

Tags has been loaned to dundee united

[WolfMan]

Tags has been loaned to dundee united

Ha! That's uncanny

[lquiquer]

Jerks FB answering a question to Bråndøn about new ownership: "Positive developments are transpiring between FFA and interested parties Bråndøn, however there is nothing further we can add at this time than that."

[belchardo]

"positive developments are transpiring"? who writes that shit?

[Grimario]

"positive developments are transpiring"? who writes that shit?

Spin merchants. Can guarantee that some FFA suit has given Benny a list of things he is allowed to reply with for questions about ownership.

[Tommyjet]

I bet the only reason this is still dragging on is because the bloody FFA are trying to dig more money out of Thompson and his pals. Taking the term 'gazump' to a whole new level.

[Jetmaster]

So...will Thompson be at the members launch next week?

Would be nice just two weeks out from the season - would love to get this bedded down before then as it would be a major boost to all in the club.

[la bazzle]

Surely this close theres some whispers about this shiz getting sorted?

[Tommyjet]

I heard a rumour last week that early this week it would be settled. Can't remember from whom I heard the rumour or how legit

[matty]

sst said it will be sorted today, so just keeping their hit and miss ratio to 30/70

[GazFish35]

I reckon jones' departure might be linked.
New boss would surely want his own people somewhere near the squad.

[stopper2]

Dundee United currently in 2nd last spot with only 5 points after 8 games in the SPL! Some guy called Eck Beattie on the Jets Facebook page has totally unleashed on Thompson with this....
[]Must be the colour orange Steven Thompson dosnt like .
He s ruined Dundee United s credibility as a club in Scotland and now has his greedy hands on your guys .

Well done on the victory.
Dundee United have won 4 in 27 games due to Thompsons lack of ambition for team sucess..
Thompson is hated here , and that came from an official Federation of supporters association .
Its all about personal profit with him destroying a strong United team in the process .
We are now second bottom of the SPFL with no signs of improvement , all down to your new owner selling everything worth selling ,arrogantly refusing to talk or explain his actions .
He is soon to be calling the shots down under ... good luck .....

After the despair of Tinkler things are starting to look a little brighter again, then I read this!.....God help us if this is true about Thompson!!!