New Ownership 2023

[R Ramjet]

Our change in ownership will apparently be announced early 2023.
Will it be Melbourne based owners ?
Will it be American based owners ?
Will it be Asian based owners ?

The club really needs some committed and dedicated owners this time or our future could be in doubt !

[Frodo]

My guess is that Richard Peil bloke who will just buy our license and sell it to Canberra to cover his current loses with the Gypos, then he'll merge us and try to actually get some fans to his games for once.


Can't imagine a more fitting story than finally getting ****ed off by a bloke named Dick Peel, lol.

[evolution]

Our change in ownership will apparently be announced early 2023.

Sauce?

[belchardo]

I have been wondering about the sale. Hope it's true, but I guess I may not like the outcome.

[R Ramjet]

According to one of our sponsors. It's all been very hush hush.
Danny Townsend made reference to it in his ESPN interview as well.
Its all apparently complicated due to us being owned by four different clubs.

[Aegon]

According to one of our sponsors. It's all been very hush hush.
Danny Townsend made reference to it in his ESPN interview as well.
Its all apparently complicated due to us being owned by four different clubs.

Have you got a link to the ESPN interview?

[Jetmaster]

From what I know that sounds about right - the buyer said they would take a 12 month due diligence process as they did with the previous club they bought.

The license will not be moved or merged - that is (or at least was) a criterion demanded by the four club consortium.

Of course there maybe another buyer now - I can't be sure.

[belchardo]

God is would love for this to be finalised before the end of the transfer window closes.

[Eastwest]

From what I know that sounds about right - the buyer said they would take a 12 month due diligence process as they did with the previous club they bought.

The license will not be moved or merged - that is (or at least was) a criterion demanded by the four club consortium.

Of course there maybe another buyer now - I can't be sure.

Buyer getting cold feet. We are lower than coasties

[furns]

Supposedly an aus consortium

[380]

Wasn't Gerry Ryan the Jayco caravan man interested at one point in time ?.

[Eastwest]

Blackmac back with an ownership attack

[Buddha]

Hopefully they fold this shit heap so we can get on with our lives

[JustMe]

Isnt there an Arab owner who's bored? Cheapest sporting thing they can buy imo.

[380]

Hopefully they fold this shit heap so we can get on with our lives

If a new owner can't be found be seasons end and sorted for next then IMO that is what will happen.

I think it would be fair to assume we are past the point of any " return on investment " for the other 4 club owners who have been carrying us financially for the past few. I doubt very much whatever sale price could be negotiated for the Jets would not be enough to cover what they have tipped in.

[Bremsstrahlung]

I wonder what money they’ve “not lost” though by keeping us in the comp.

But I agree, these people don’t have money to buy football clubs for shits and giggles by making poor business decisions.

They’ll know the end of their line. They are only keeping us for their own benefit. As soon as our usefulness ends, they’ll be gone.

I was just thinking of a silly thing to say, and thought that Magic or Edgy would be able to afford a license soon.
And then I kind of wondered how far off the pace we would be if we just fielded a NNSW NPL dream team. Zane has his young teams playing well and competing with A league teams - albeit in cup games with weakened lineups. Feel like CCM have managed to conjure up a competitive team from their return and earn from their baked beans cans.

[MFKS]

I wonder what money they’ve “not lost” though by keeping us in the comp.

But I agree, these people don’t have money to buy football clubs for shits and giggles by making poor business decisions.

They’ll know the end of their line. They are only keeping us for their own benefit. As soon as our usefulness ends, they’ll be gone.

I was just thinking of a silly thing to say, and thought that Magic or Edgy would be able to afford a license soon.
And then I kind of wondered how far off the pace we would be if we just fielded a NNSW NPL dream team. Zane has his young teams playing well and competing with A league teams - albeit in cup games with weakened lineups. Feel like CCM have managed to conjure up a competitive team from their return and earn from their baked beans cans.

It's an embarrassment that the Gypos can actually rustle up a competitive team with their situation

Yet we are playing guys like Hoffman Ingham Sotirio Burhagier etc

Total farce of incompetence

[Oldy]

It's an embarrassment that the Gypos can actually rustle up a competitive team with their situation

Yet we are playing guys like Hoffman Ingham Sotirio Burhagier etc

Total farce of incompetence

Hoffman our 2nd highest appearance getter behind Griffo. What a larf.

[R Ramjet]

In the early hours of this morning at The Jolly Roger, I overheard Middleby, Tinkler and Lawrie saying the new owners will be announced within the next 2 weeks.
Its Finally Happening !

[Bremsstrahlung]

Where was Con? Ffs.

[belchardo]

Can't decide if this is a pisstake or not.

[Tommyjet]

Can't decide if this is a pisstake or not.
Apparently Ben homer said something on the telecast the other day about a meeting taking place this week with the prospective ownership consortium.
Still probably a pisstake though

[R Ramjet]

It wasn't a pisstake!
People always want a source whenever someone posts any information so I used some humour to provide a source.
If this ownership isn't completed in the next 2-3 weeks then I can't see the deal being done.
It's been a very drawn out process and people's patience only last so long !
Business deals and negotiations require some level of give and take to be agreed on !
The smoke filled, seedy Jolly Roger would have been the perfect place to negotiate the sale of the Jets !

[Tommyjet]

It wasn't a pisstake!
People always want a source whenever someone posts any information so I used some humour to provide a source.
If this ownership isn't completed in the next 2-3 weeks then I can't see the deal being done.
It's been a very drawn out process and people's patience only last so long !
Business deals and negotiations require some level of give and take to be agreed on !
The smoke filled, seedy Jolly Roger would have been the perfect place to negotiate the sale of the Jets !

Do we think this is still the Australian consortium that was rumoured ?

[R Ramjet]

It's the slowest ownership change ever but we should be hearing something from the club this week or next week at the latest !

[Tommyjet]

It's the slowest ownership change ever but we should be hearing something from the club this week or next week at the latest !

A guess or you have information?

[Jetmaster]

A guess or you have information?

He is right....it has been with the lawyers for some weeks.

[Bon]

It's the slowest ownership change ever but we should be hearing something from the club this week or next week at the latest !

Any more word or info on this? Almost the end of the week! haha

[380]

Probably been jettisoned.

[plague]

Announcement this week? Coincidently, billionaire and CHFC #1 ticket holder Jack Ma is in Oz at the moment.


Wonder if the local powerbrokers finally convinced him to dig out some spare change from the back of the lounge and buy this sorry ass club.

[380]

If memory serves me correctly he did give a truckload of dough to the Newcastle University a few years ago.

[Frodo]

Townsend is currently in Canberra discussing a potential A League team there. Wonder if it's our licence or another expansion team?

[belchardo]

I'll shoot out and ask him.

[380]

Townsend is currently in Canberra discussing a potential A League team there. Wonder if it's our licence or another expansion team?

I thought Richard Peil was the money behind the ACT bid and when that was not awarded he tipped those funds into the Mariners.

[belchardo]

Might have been originally, but there's another group now. Can't remember their names.

[R Ramjet]

No updates from me on this.
I have just had a parent pass away so I will be out of the loop for a while.

[evolution]

Announcement this week? Coincidently, billionaire and CHFC #1 ticket holder Jack Ma is in Oz at the moment.


Wonder if the local powerbrokers finally convinced him to dig out some spare change from the back of the lounge and buy this sorry ass club.

I’m expecting a WWE style unveiling of him tonight at the Jets members function now.

[evolution]

No updates from me on this.
I have just had a parent pass away so I will be out of the loop for a while.

Condolences mate

[belchardo]

Sorry to hear that Ramjet.

[plague]

I’m expecting a WWE style unveiling of him tonight at the Jets members function now.


Legit gimme Jack and Pres Xi as our new overlords and the Marathon stadium will be packed every match.

hashtagdaretodream

[Couscous]

If memory serves me correctly

https://c.tenor.com/Y6GgzkwbOP4AAAAC/iron-chef.gif

[Bon]

No updates from me on this.
I have just had a parent pass away so I will be out of the loop for a while.

I'm sorry to hear that mate..

[Bon]

https://c.tenor.com/Y6GgzkwbOP4AAAAC/iron-chef.gif

This is up there with the greatest thing you have posted on the foz, Gary..

[380]

https://www.afr.com/work-and-careers/management/alibaba-billionaire-founder-jack-ma-gives-26m-to-university-of-newcastle-in-memory-of-australian-mentor-20170202-gu4fg3


Alibaba billionaire founder Jack Ma gives $26m to University of Newcastle in memory of Australian mentor

[turbojetfireV8]

https://www.afr.com/work-and-careers/management/alibaba-billionaire-founder-jack-ma-gives-26m-to-university-of-newcastle-in-memory-of-australian-mentor-20170202-gu4fg3


Alibaba billionaire founder Jack Ma gives $26m to University of Newcastle in memory of Australian mentor


Herald's story:

Billionaire to give $26m to Newcastle uni
By Scott Bevan
Updated February 3 2017 - 8:32pm, first published 5:00pm

A close friendship between a Chinese billionaire and a Newcastle family has led to the largest ever donation to the University of Newcastle.

Jack Ma, the founder of the internet company Alibaba, will give US$20 million, or more than Australian $26 million, to fund a scholarship program.

Mr Ma has travelled to Newcastle to announce the scholarship program in a ceremony late Friday afternoon.

“That he views this as so significant, so important to him, that he would personally come to be here is a really strong symbol,” the University of Newcastle’s Vice-Chancellor, Professor Caroline McMillen, said.

The donation by the man estimated by Forbes to be worth US$28.4 billion, or more than Australian $37 billion, is to honour his friendship with Newcastle’s Morley family, who he met as a teenager in his home city of Hangzhou in 1980. He approached a boy about his age, David Morley, to practise his English, and from there a bond with the family grew.

The Morleys brought Jack Ma to Australia in 1985 for his first visit. Mr Ma has credited the father, Ken Morley, with being an influential figure in his life, and he has returned to Newcastle to see the family several times, including a visit to an ailing Mr Morley prior to his death in 2004.

“I am very thankful for Australia and the time I spent there in my youth,” Mr Ma said in a statement before the ceremony. “The culture, the landscape and most importantly its people had a profound positive impact on my view of the world at that time.”

“To honour the experience and the special relationship I formed with the Morley family, the Jack Ma Foundation is delighted to announce The Ma & Morley Scholarship Program that will inspire, educate and cultivate tomorrow’s leaders.”

Professor McMillen said the university had been working with the Jack Ma Foundation for about a year to shape a program “that really represents the quality of that friendship, that really unique friendship, between Jack Ma and Ken Morley”.

When The Ma and Morley Scholarship Program reached full capacity, it would support 90 students a year. The program would be advertised from the middle of this year, and Professor McMillen said the recipients would include students from financially disadvantaged backgrounds and indigenous scholars.

“At the heart of this philanthropic commitment is the most remarkable story of friendship,” Professor McMillen said.

David Morley said his father “would be moved to tears” by Jack Ma’s donation, and the reasons behind it.

Dave and Steve Morley were members of the Rowdies (not sure if they ever took young Jack to a match), and their dad Ken was a true local character, avid collector of eclectic stuff like handtools etc, I'm sure they would have shared their passion for football with Jack in the day. I'm still a bit reticent about having another Chinese owner though, President Xi has targeted Ma to make an example of him/'punish' him in recent years (ironic as he's a member of the Party and good citizen etc, but too wealthy and powerful for Xi's liking it seems), if Ma had issues funding us in the same way Martin Lee did we might not be as well off under his tutelage as we'd hope (could be wrong on that score though, but just a concern in my view at least).

[mic22]

Should we start to worry?

[jandysardine]

Should we start to worry?

been worried since kb united

[plague]

I'm still a bit reticent about having another Chinese owner though, President Xi has targeted Ma to make an example of him/'punish' him in recent years (ironic as he's a member of the Party and good citizen etc, but too wealthy and powerful for Xi's liking it seems), if Ma had issues funding us in the same way Martin Lee did we might not be as well off under his tutelage as we'd hope (could be wrong on that score though, but just a concern in my view at least).

I dont want Jack taking over the Jets (hes not going to i was joking).

I DO want him to take over Cooks Hill and have them fill the gap once the Jets inevitably go under.

A $80m squad running out taking on Edgy and Jaffas would tbe awesome for the local game.

[Bon]

Aaaaaaaaaaaaaaaand.... still no word on new ownership?

[R Ramjet]

Its all gone quiet AGAIN!
There's more to this than us just being sold to a new owner.
They are in no hurry to complete the deal !
It was a strategic move from the clubs that are currently keeping us afloat, when they decided to start paying our bills!
It should have never been allowed to happen.
We were told it was securing our short term future as a club but its actually affecting our long term future now !

[jandysardine]

Its all gone quiet AGAIN!
There's more to this than us just being sold to a new owner.
They are in no hurry to complete the deal !
It was a strategic move from the clubs that are currently keeping us afloat, when they decided to start paying our bills!
It should have never been allowed to happen.
We were told it was securing our short term future as a club but its actually affecting our long term future now !

i'm guessing we weren't really in a position at the time to be dictating too many terms

[W8 WATCHER]

i'm guessing we weren't really in a position at the time to be dictating too many terms

Valentine FC was more attractive........

[belchardo]

From the Mattiske email today:

Importantly, after two years of building stability and growth under our current ownership model, the Club is now in a phase where we look to a transition to new owners. We have had approaches from a number of parties, and we know there is interest in the Club. We now move into a period where we will be running a formal process to transition ownership. The target is to have this complete before the commencement of the next season, however it may be that further time is needed ? and ultimately, we must find an owner that will be right for this Club and this community. In all this, your support and the support of the broader football and business community is critical. The stronger the Club is, the more we can be confident that we will attract the right owner for this Club?s future.

[Alton]

Promising news Shane

[MFKS]

Promising news Shane

Just more hot air n bullshit

Remember when we were getting Terry Venables and Kanta was going to Bayern Munich

[R Ramjet]

Just thought I would share what I managed to find out regarding the club being sold.
I did have some knowledge that we were "close" to being sold which was on track to be completed in January/February this year.
The amount for was between $10m to $15m with the buyer willing to do the deal if the amount was closer to $10m rather than $15m.
The selling party were well aware of this and the talks were positive and progressive.
When the talks were at an advanced stage there was talk of some other interested parties/buyers and the selling price suddenly increased.
The buyer that I have knowledge of was not happy and couldn't see any justification for the price increase so the talks came to a sudden stop.
We have seen in the media recently that the jets are for sale for $15m to $25m.
Surely an amount of this size is unrealistic and driven by greed from the owners !
It's hard to see any buyers interested at those reported amounts !

[Jeterpool]

Just thought I would share what I managed to find out regarding the club being sold.
I did have some knowledge that we were "close" to being sold which was on track to be completed in January/February this year.
The amount for was between $10m to $15m with the buyer willing to do the deal if the amount was closer to $10m rather than $15m.
The selling party were well aware of this and the talks were positive and progressive.
When the talks were at an advanced stage there was talk of some other interested parties/buyers and the selling price suddenly increased.
The buyer that I have knowledge of was not happy and couldn't see any justification for the price increase so the talks came to a sudden stop.
We have seen in the media recently that the jets are for sale for $15m to $25m.
Surely an amount of this size is unrealistic and driven by greed from the owners !
It's hard to see any buyers interested at those reported amounts !

A bird in the hand is worth two in the bush, in hindsight

Thanks for sharing, Ramjet

[StannyCFCJET]

Just thought I would share what I managed to find out regarding the club being sold.
I did have some knowledge that we were "close" to being sold which was on track to be completed in January/February this year.
The amount for was between $10m to $15m with the buyer willing to do the deal if the amount was closer to $10m rather than $15m.
The selling party were well aware of this and the talks were positive and progressive.
When the talks were at an advanced stage there was talk of some other interested parties/buyers and the selling price suddenly increased.
The buyer that I have knowledge of was not happy and couldn't see any justification for the price increase so the talks came to a sudden stop.
We have seen in the media recently that the jets are for sale for $15m to $25m.
Surely an amount of this size is unrealistic and driven by greed from the owners !
It's hard to see any buyers interested at those reported amounts !

That's the issue we aren't even worth 10mil but the APL wants 25mil because our three a league owners want to make some money back on their "investment" Speaking of said A-League owners ive seen rumours that they are all looking to stop funding us or look at scaling it back. Not long left fellas until we no longer exist

[Alton]

Pointing to a wider-spread malaise, the fortunes of fellow NSW outfit Newcastle Jets continue to flounder with their main benefactors - Sydney FC, Western Sydney Wanderers and Western United - looking at ways to curtail their investment after two years of propping up the club.

[R Ramjet]

I'm pretty sure the other clubs that have been keeping us financial thought that the whole "unbundling of the aleague" would bring in new investment and bigger $$$ with it.
They thought they would make easy money by keeping us afloat and then cash in when a buyer came forward.
This has clearly backfired with the Newcastle Jets future soon at risk !

[Jetmaster]

The first buyer was that close that staff were measuring up for new carpet, furniture etc.

The 25 million came from Townsend's desire to make that standard for new licenses and this flowed onto clubs for sale like us and Perth.

We are not valued by the APL. Everyone at the club has done what they can and cannot be criticised and that includes Shane, who has to make a silk purse out if a sow's ear.

Personally, I have pulled a minor sponsorship for this reason. Not looking good.

[Jeterpool]

This is a waiting game.
Remember when Ledman swooped in to buy us right at the death. The peril creates opportunities for buyers to get us at a reduced cost. While there's no immediate threat, the pressure is rising and soon our time will come.
Maybe we will get a buyer...maybe we will slip through the cracks. APL just need someone ready to replace us or risk their own broadcasting contracts

[Alton]

Apologies if posted previously but is the West group an option

[MFKS]

Apologies if posted previously but is the West group an option

Not according to West's CEO Phil Gardiner who said something like

West's are obviously a Leagues Club so their association with the Knights makes sense

The Jets are a soccer club so it's of no interest to them

[380]

That is why i reckon this is our final season. If you were previously part of a failed bid but still had the ability to have things in place to commence for the season after next you would be working the phones to all and sundry to get a start.

The quality of our squad is reflective of the other three club owners commitment and if the rumors Reno wants out are true then not only are we the proverbial cluster^&8$ off the pitch but there is real potential for some ugly results on the pitch which will only compound things.

Casting an honest eye over the squad and you would be lucky to find a couple who would make the first 11 at any other club, The remaining lucky to make a match day squad and most playing NPL somewhere. That is not trying to be funny or disrespectful but it is the reality of the situation.

[StannyCFCJET]

This is a waiting game.
Remember when Ledman swooped in to buy us right at the death. The peril creates opportunities for buyers to get us at a reduced cost. While there's no immediate threat, the pressure is rising and soon our time will come.
Maybe we will get a buyer...maybe we will slip through the cracks. APL just need someone ready to replace us or risk their own broadcasting contracts

APL wont reduce the asking price, That's the issue

[Jeterpool]

APL wont reduce the asking price, That's the issue

Not yet.

When those who pay them money for the product they're dishing up start to force their hand let's see how long they hold that line.

Give it time... they might hold the cards, but only for now.

Hell if we punters on a forum know the price is overs, people doing their due diligence will too

[StannyCFCJET]

Not yet.

When those who pay them money for the product they're dishing up start to force their hand let's see how long they hold that line.

Give it time... they might hold the cards, but only for now.

Hell if we punters on a forum know the price is overs, people doing their due diligence will too

Problem is DT is a ****ing idiot so who knows what he will do

[Jetmaster]

I had the chance to have coffee with Tony Sage in Perth this time last year and he told me then he had a gutful of Townsend and the Sydney/Melbourne bias of the league. It was so refreshing to hear that we are not alone. He didn't say he would sell then but obviously since has had enough.
Not just us, the whole league is in trouble. Propping up the girls tbh is not the best idea either as it is losing a fortune. Hence our owners are short of cash and looking to cut costs.

[Jeterpool]

Problem is DT is a ****ing idiot so who knows what he will do

Now THAT is someone we can't account for!!

[pv4]

Not just us, the whole league is in trouble. Propping up the girls tbh is not the best idea either as it is losing a fortune. Hence our owners are short of cash and looking to cut costs.

After seeing how Pirate Danny Townsend capitalized on the 2022 Mens World Cup, I'll be super keen to see what lessons he's learnt heading into this Womens World Cup and what decisions he makes and broadcasts based off the buzz around the cup :rof:

[380]

The first buyer was that close that staff were measuring up for new carpet, furniture etc.

The 25 million came from Townsend's desire to make that standard for new licenses and this flowed onto clubs for sale like us and Perth.

We are not valued by the APL. Everyone at the club has done what they can and cannot be criticised and that includes Shane, who has to make a silk purse out if a sow's ear.

Personally, I have pulled a minor sponsorship for this reason. Not looking good.

This post bothers me enough to ask the question as to just how involved Townsend is in the sale process. Was his value of the club just his opinion or was he somehow directly involved in pricing the club to prospective buyers.

The reason i ask this is supporters of the club have the right to know if he did have any involvement. He has no direct involvement in any club anymore particularly the three club owners carrying the can for the Jets at present. Any potential sale and negotiating should be strictly between the sellers and prospects and at NO stage should Townsend be getting involved and even worse to the point where his interference potentially shit canned any potential deal to sell the club.

[Macca]

This post bothers me enough to ask the question as to just how involved Townsend is in the sale process. Was his value of the club just his opinion or was he somehow directly involved in pricing the club to prospective buyers.

The reason i ask this is supporters of the club have the right to know if he did have any involvement. He has no direct involvement in any club anymore particularly the three club owners carrying the can for the Jets at present. Any potential sale and negotiating should be strictly between the sellers and prospects and at NO stage should Townsend be getting involved and even worse to the point where his interference potentially shit canned any potential deal to sell the club.

Presumably the league has a seat at the table regarding ownership of clubs and approving who can own a club / be involved in the league they operate.
If the league wants to set a minimum valuation on clubs and won't let any be sold under that, I suppose that is their decision - but they may have overplayed their hand, we'll just have to wait and see.

[380]

Presumably the league has a seat at the table regarding ownership of clubs and approving who can own a club / be involved in the league they operate.
If the league wants to set a minimum valuation on clubs and won't let any be sold under that, I suppose that is their decision - but they may have overplayed their hand, we'll just have to wait and see.

I disagree, Have no problem with the league having a say when it comes to qualifying a prospect for suitability but to actually get involved in what the actual amount paid should be IMO is way out of line. Bit like service NSW telling you what you should sell your vehicle for, Sure form a basis of market value but ultimately your sell price is between you and your potential buyer.

I guess we will never know, The mixed messaging that floats around and comes from people at the club is bewildering. One of the main factors i am tipping behind the complete lack of interest i get from people who no longer wish to become members.

AP was very clear that no party in his time expressed interest in acquiring the club yet the seldom seen or heard Executive Chairman was for one of his fleeting moments quite public that at one point a deal was imminent late last year early this one.

[R Ramjet]

Did anyone hear anything more about the fan representation group where applications closed back in May ?
Does anyone know the figures Martin Lee and Tinker purchased our licence for ?

Is it time to put our thinking caps on ?
Can fan passion and rallying unearth a new owner/owners ?
Probably not but here goes anyway.

In my opinion the best ownership option for the Jets is someone that is from Newcastle or knows the area well.
How do you find someone from this area who is passionate about football, has some wealth and business connections and is willing to put their money where their mouth is ?
Does anyone know anyone who fits this description ?

Our best option might be trying to find 4 or 5 of these type of people who can come together and form a consortium to make it financially feasible.
They don't all have to be "local" people but I really feel it would need some local drive for this to even be a chance of happening.

Does anyone have any ideas for possible candidates ?

There is no way the Jets will be purchased for $25 million!
For arguments sake lets say a deal can be done for $15 million. So 5 owners would need to put in $3m each.
Let's say it would require a further $1.5m each season for the owners to fund the team. So 5 owners would need $300,000 each for a season.
To be one of the 5 owners for a 10 year period would cost the person $6m which includes the purchase.
I guess the main problem with being an owner is that you will always have to dip into your pockets every season !
Transfer fees are rare in this league but it's something that needs more work putting into it so owners can recoup some money.

If a consortium of owners purchased us could they then offer fans a 10% share in the day to day running costs of the club ? (150,000 each season)
Its just an idea as I know fan ownership has been discussed in the past.

Any thoughts or ideas on who could be out there that's suitable ?

I wonder if former newcastle player Andy Roberts could be a candidate ?
Its hard to know what people's wealth status is.

Let's be positive and see what we can come up with !

[Macca]

I disagree, Have no problem with the league having a say when it comes to qualifying a prospect for suitability but to actually get involved in what the actual amount paid should be IMO is way out of line. Bit like service NSW telling you what you should sell your vehicle for, Sure form a basis of market value but ultimately your sell price is between you and your potential buyer.

I guess we will never know, The mixed messaging that floats around and comes from people at the club is bewildering. One of the main factors i am tipping behind the complete lack of interest i get from people who no longer wish to become members.

AP was very clear that no party in his time expressed interest in acquiring the club yet the seldom seen or heard Executive Chairman was for one of his fleeting moments quite public that at one point a deal was imminent late last year early this one.

I don't think your Service NSW analogy is a good one at all, but I also can't really come up with a good one.

The league is a product. The APL sell their product to consumers through TV rights deals, and look for sponsorship revenue.
They have franchise agreements or licenses with club owners who participate in their product, and receive a handout from APL each year to do so.
The club itself should be free to be sold for whatever the owners want as you say, but the club isn't worth much without the license to participate in the league, which the APL has to agree to any ownership transfers of that licence (presumably, I have no knowledge of the licence agreements).

If the APL for whatever reason - establishing valuation for potential new/future licences, not wanting to "devalue" existing licences, or in some cases (I would argue not the case for the A-League, at present anyway) they just want to place an arbitrary restriction on who can afford one as a screening process - want a minimum price on the licences, they can choose to do that.

But if they won't let clubs sell the licence, and the clubs don't want to be involved for whatever reason, sooner or later the clubs just walk away, and then their posturing over what their nominal licence value is collapses around them.

I think when you have seemingly a growing number of club owners losing interest in being in the league, you need to look closer at the finances.
The league revenue took a big hit with the end of the Fox broadcast deal. If the league isn't bringing in enough money to sustain costs, then arguably the salary cap needs to be reduced to match.
Some American sports adjust the salary cap based on league revenue and usually end up around 50% of the league revenue going to players - I have no idea how the A-League cap is determined or where it sits in relation to this.

Transfer fees need to be a thing, as the current player contract system is a joke, with "mutual" terminations occurring all the time.

Some changes need to be made to make owning a club a more attractive proposition.
Losing money running a club is OK, as often people will do this with the view that in future, their licence agreement and thus the club's value, will increase over time.
If this isn't happening, AND you are set up to have to lose money to run a club, then why would anyone want to be involved?

[Jeterpool]

Did anyone hear anything more about the fan representation group where applications closed back in May ?


A further survey was sent out around 3 weeks ago to better understand the demographics of each applicant so the club could select a diverse representation.

No word on success or not.

[My2BobsWorth]

Let's hope they get it right this time, the facebook survey lost half the members, the "fans" survey might lose the rest. Members only voting you knobs

[belchardo]

Did anyone hear anything more about the fan representation group where applications closed back in May ?
Does anyone know the figures Martin Lee and Tinker purchased our licence for ?

Is it time to put our thinking caps on ?
Can fan passion and rallying unearth a new owner/owners ?
Probably not but here goes anyway.

In my opinion the best ownership option for the Jets is someone that is from Newcastle or knows the area well.
How do you find someone from this area who is passionate about football, has some wealth and business connections and is willing to put their money where their mouth is ?
Does anyone know anyone who fits this description ?

Our best option might be trying to find 4 or 5 of these type of people who can come together and form a consortium to make it financially feasible.
They don't all have to be "local" people but I really feel it would need some local drive for this to even be a chance of happening.

Does anyone have any ideas for possible candidates ?

There is no way the Jets will be purchased for $25 million!
For arguments sake lets say a deal can be done for $15 million. So 5 owners would need to put in $3m each.
Let's say it would require a further $1.5m each season for the owners to fund the team. So 5 owners would need $300,000 each for a season.
To be one of the 5 owners for a 10 year period would cost the person $6m which includes the purchase.
I guess the main problem with being an owner is that you will always have to dip into your pockets every season !
Transfer fees are rare in this league but it's something that needs more work putting into it so owners can recoup some money.

If a consortium of owners purchased us could they then offer fans a 10% share in the day to day running costs of the club ? (150,000 each season)
Its just an idea as I know fan ownership has been discussed in the past.

Any thoughts or ideas on who could be out there that's suitable ?

I wonder if former newcastle player Andy Roberts could be a candidate ?
Its hard to know what people's wealth status is.

Let's be positive and see what we can come up with !

Is BlackMac still around? Was BlackMac the one that did a fair bit of work on a community ownership model? I'd go back and check, but i think it was probably about 5 forum crashes ago.

[evolution]

Is BlackMac still around? Was BlackMac the one that did a fair bit of work on a community ownership model? I'd go back and check, but i think it was probably about 5 forum crashes ago.

Yep that?s him. Haven?t seen him on the Foz for years but see him around on Reddit.

[Jardelsimage]

Hearing Perth has already found a new owner already.

[R Ramjet]

Looks like the Perth ownership is all sorted.
It really irks me that we can't attract enough interest to complete a sale of the Jets.
I know Newcastle isn't a Capital city but their is so much population growth in the Hunter Valley.
Maitland, Thornton, Cameron Park, Gillieston Heights, Lochinvar, Huntlee etc are adding so many new houses these days.
We just always seem to miss out when it comes to attracting someone with the money and the interest !

[Hunter403]

Obviously asking too much

[belchardo]

I imagine it's also tough getting the four owners over the line. No doubt they all have slightly different ideas about what they want.

[Bremsstrahlung]

I imagine it's also tough getting the four owners over the line. No doubt they all have slightly different ideas about what they want.

Not very business minded, but I don?t understand why they don?t all say we?ve each put in x amount into this black hole, let?s just sell for 4x.
Surely they haven?t invested more than a new license?.and if they have then we are doomed.

They should be using the knights crowds to trick somebody. Loyal supporter base - wooden spoons and still capable of big crowds, bit of success and selling out.


Surely a sale to exit even or even take a small hit is worth it to take it off their hands. Especially if they aren?t investing in making it better on the pitch.

[belchardo]

I assume they don't want to devalue their own product while they're trying to get canberra/Auckland wrapped up.

Was it tinkler that cracked the shits when he found out somebody else had paid less for a licence than he had?

And I definitely don't have a business brain either.

[turbojetfireV8]

Perhaps what the league should do is offer a prospective buyer some special concessions, maybe a higher cap for the first 12-24mths to allow them to spend on re-building the team, something to make it more attractive to take us on?

[Jeterpool]

Was it tinkler that cracked the shits when he found out somebody else had paid less for a licence than he had?


It was...he found out what Clive paid. He handed the licence back and had the ans protesting outside the stadium.

[plague]

I assume they don't want to devalue their own product

Exactly, they not only aint taking a hit on their share of the Jets, but any fire sale devalues the other clubs they already own.

If the sticker price is $25m for the new licences then the Jets number has to be close to that. No doubt it wont be all cash but there will be other financial gymnastics done to 'value' the club at the highest possible number.

Again, they need investors who have $25m to burn, because theyll be burning plenty more on the way to their ultimate goal which is getting the club valuations rising in line with other sporting franchises around the world. Clubs wont make a cent along the way, but in 10-15 years time they are worth $100m+ then they win.

Still no idea why they havent created a bidding war with the middle eastern soveriegn funds. Morals be damned it changes everything and sets us on a path to a real league (gets rid of salary caps, player caps etc that has always held us back).

Except the gypos, theyll always be poor, because they are gypos.

Hail Griff.

[My2BobsWorth]

Perhaps what the league should do is offer a prospective buyer some special concessions, maybe a higher cap for the first 12-24mths to allow them to spend on re-building the team, something to make it more attractive to take us on?

I wonder if an AFL type draft would benefit the comp

[plague]

I wonder if an AFL type draft would benefit the comp

No, it wouldnt. Too many options elsewhere for any half decent prospect to commit themselves to what is quite possibly an illegal labour issue anyway.

It works in AFL/NFL because where else are they gonna go (and its collectively bargained).

Id be shocked if the NBA isnt the first big sport to challenge its legititimacy in court eventually.

Having said that, you've just had more fresh ideas than anyone at Double -eff aye headquarters in the last 10 years and im voting for you to take over Townsends job (and pay cheque).

[MFKS]

How about we just **** off the salary cap all together

It worked in the first three years of the comp. But the second they brought in the Olyroo Marquee BS to get the Smurfs under the cap it's been a complete farce

All it does now is force us to spend large amounts of money on blokes like Hoffman and Burhagiar and Jacob Melling to make the minimum spends

All it is doing is overpaying the poor players in the league

All for the likes of Griff and Penha making the big money but these types who fill in squads shouldn't be on 100k plus a year

[Alton]

Is there anyone out there?

[My2BobsWorth]

https://www.newcastlejetsfc.com.au/news/newcastle-jets-announce-sale

[380]

The cynic in me reads that as this.

The clubs current ownership feel now is the right time to formally put the club up for sale as they feel they have got it in a place that makes it an attractive purchase.

Nothing about a particular interested party and that only they have recruited the assistance of Korda's to facilitate a sale.


Am I reading this all wrong ???.

[Jeterpool]

That's how I've read it. Except we know it's always been "For Sale"

We've tried to see privately ourselves and that's not really worked so now we're bringing in an agent to do it for us.

About ****ing time.

[380]

That's how I've read it. Except we know it's always been "For Sale"

We've tried to see privately ourselves and that's not really worked so now we're bringing in an agent to do it for us.

About ****ing time.

Yep exactly how i seen it.

They have not been able to facilitate a sale to there satisfaction and are fed up with bleeding money into the club. It was rumored just weeks out from the season starting that Western had had a gutful of the situation and Smurfs reigning in there financial support.

My tip is Korda's have been given a timeline to get a deal over the line with the best offer that comes in in that given time frame. Clearly there is a enough is enough mentality and whatever shortfall if any there is between what these other club owners have put in and what the club sells for will be reimbursed from the sale of any new licenses.

I find the statement to be heavy in corporate speak and rather deliberately ambiguous if I'm to be honest.

[Jeterpool]

I find the statement to be heavy in corporate speak and rather deliberately ambiguous if I'm to be honest.

And that's how we've been treated for a long time too. It gives wiggle-room and no commitment.

By comparison, Perth's process from Sage exit to new owners took 3 months once Korda were appointed Administrators.

[Mark325]

Seems the plan is to have the club sold by Christmas which if that's true makes you wonder why they didn't bring in someone like this years ago.

That timeframe is really good though, fingers crossed it means we can fill in some gaps in the squad during the transfer window, based on the game yesterday we're gonna need a new CB ASAP or we can kiss this season goodbye.

[MFKS]

Seems the plan is to have the club sold by Christmas which if that's true makes you wonder why they didn't bring in someone like this years ago.

That timeframe is really good though, fingers crossed it means we can fill in some gaps in the squad during the transfer window, based on the game yesterday we're gonna need a new CB ASAP or we can kiss this season goodbye.

Because doing it by XMas is ****ing us over for this season

We could get some Saudis take over wanting to bring us Mbappe and Haaland and spending up big and we be stuck with the likes of Hoff and Burhagiar for another 12 months

[R Ramjet]

This will definitely increase the chances of a sale.
Potential new owners will only have to deal with the appointed firm to agree a sale.
We have always been for sale.
Previous negotiations were unprofessionally handled by the club which contributed to no deals getting over the line.
I highly doubt we will have new owners by Christmas as these things take time.
Unless this firm has already done due diligence with other interested parties from the selling of Perth.
I guess its possible this firm approached the Jets and said we have interested parties who missed out on Perth.
If you give us the opportunity for this sale we are confident we can get you a new owner !

[Bremsstrahlung]

https://www.newcastlejetsfc.com.au/news/newcastle-jets-announce-sale

What a rubbish announcement.
No owner lined up it seems.
No new news.
Edit: rubbish from the perspective that we were here reading into it. No black and white facts. Just the usual ambiguous release.

Only promising thing is this Korda mob seemed to expedite the Perth sale.
I can’t see us becoming a Saudi play thing.
Should make a play for Newcastle United’s EPL owners to buy us. We already have scope to give them a green kit.

[Jeterpool]

There's been rumours of unrealistic numbers being asked for to part with the licence.

If that's the case, outsourcing the process could be beneficial in managing expectations.

[StannyCFCJET]

There's been rumours of unrealistic numbers being asked for to part with the licence.

If that's the case, outsourcing the process could be beneficial in managing expectations.

Iv'e heard 25mil is the price from many different sources

[turbojetfireV8]

Newcastle Herald today:


A-League soccer, 2023: New sellers KordaMentha strong interest in Jets
By James Gardiner
October 25 2023 - 8:03pm

The company charged with selling the Newcastle Jets has received strong "interest" from potential buyers.

The Jets announced on Monday that financial advisory firm KordaMentha had taken over the sale of the franchise, with the aim to have a deal finalised by Christmas.

"We announced it [Monday] and the level of inbound inquiry has been significant from good-profile companies who have the financial capabilities and motivation to complete," KordaMentha lead partner Scott Langdon told Australian Community Media.

"We've had interest from people with local ties to the Newcastle community to Australians to the global stage so I don't think there is any shortage in buyers for the franchises."

We've had interest from people with local ties to the Newcastle community to Australians to the global stage.

- KordaMentha partner Scott Langdon
Four owners of rival clubs have been bankrolling the Jets since Chinese businessman Martin Lee had his licence stripped in January, 2021.


KordaMentha last week brokered the sale of Perth Glory, who had gone into administration in July, to Melbourne property moguls Robert Brij and John Nekic.

That transfer followed confirmation that American billionaire Bill Foley had secured the licence for an Auckland franchise, due to enter the competition next season.

Australian Professional Leagues (APL), who run the A-League, also hope to expand the competition to Canberra.

A-Leagues commissioner Nick Garcia told Australian Community Media he hoped to have a Canberra owner in place early in December to give the club time to prepare for the transfer window opening in January.

Langdon said having the Jets on the market would help generate interest in the A-League and benefit the Canberra bid.

"I don't think there'll be any negativity, if anything it'll only enhance the prospects of Canberra getting a licence," he said. "You look at the Perth licence last week, there's an Auckland licence that's also been announced and we're running a sales process in terms of the Newcastle Jets."

While the APL declined to comment on how the Jets sale might impact Canberra, it's believed the capital's search for an owner was progressing well.

Langdon felt the Matildas' stunning World Cup run in Australia earlier in the year was still generating interest in soccer.

"I think [the A-League is] on a really positive trajectory. I think that's the rationale," Langdon said. "The momentum behind the Matildas in 2023 - that's what we're all going to remember 2023 for, is the wave of energy and support for the Matildas - and I think there's just a strong trend towards soccer in Australia. "Their participation numbers stand up on their own two feet - it's the highest football code played by Australians under 35 and that's seriously impressive and a good trend."

[turbojetfireV8]

https://www.soccerscene.com.au/kordamentha-partner-scott-langdon-on-why-the-newcastle-jets-need-long-term-investment/


KordaMentha Partner Scott Langdon on why the Newcastle Jets need long-term investment
Alex Bagdasarian
11 hours ago
McDonald Jones Stadium - Newcastle Jets
Image credit: Grant Sproule

The sale of Newcastle Jets has been announced by the club’s Executive Chairman Shane Mattiske, where they have appointed professional services firm KordaMentha to oversee the formal process.

A consortium of parties formed in 2021 that was linked to other A-League clubs was initially started as a provisional measure to maintain the Club, to put out a team that could compete and strong growth during a challenging period for the Jets in the middle of the Covid crisis back in January 2021.

KordaMentha is an independent and reliable firm providing their knowledge on cybersecurity, forensic, financial crime, performance improvement, real estate and restructuring services across the Asia-Pacific region.

Fast forward to now, the owners of today have been responsible for the successes of the increasing membership signups, captivating more sponsors and developing a strong core of talent through the Youth Academy.`

KordaMentha Partner Scott Langdon spoke to Soccerscene – providing an insight of his involvement in the sale process, what he hopes to achieve for the club and the A-Leagues as well.

“The shareholders reached out to us a few weeks ago in relation into commencing a sale of the club – they considered at the time to put Newcastle Jets on the market and find a long-term owner, for someone that won’t be there for a short period of time,” he said.

“The current shareholders didn’t have the intention of being there long-term, so we need to be there for Newcastle to get them through a challenging period.

“Shane has done a great job in getting the club as a business back on its feet – it’s now in a position where it’s stabilised and it’s time for a long-term owner in a natural progression stage for the club.”

Langdon explained what he sees in Newcastle and why should someone should get behind them, tapping into the unique area they represent.

“In the last couple of weeks that l have been involved, it has been overwhelming, for the local community and the region that Newcastle has and the support for them,” he said.

“l think that whilst we are looking globally to find an owner and we are having conversations with people throughout the world, there is a great ability to connect within the Newcastle region which is a very passionate soccer region.”

“The strong local links to the community is another key reason why we’re involved, and it’s an exciting opportunity to be part of the process.”

As recently seen with Perth Glory and their new Australian consortium owners Primeland Group signing the contract, Langdon shared whether KordaMentha is looking for someone within Australia or abroad.

“We are definitely looking on a global stage for a long-term owner – we have attracted interest within our first 48 hours from around the globe,” he said.

“We are all focused on completing it by Christmas which we think is entirely achievable.”

Newcastle Jets now has highly competitive men’s and women’s A-League teams, underpinned by a strong academy containing 13 boys’ and girls’ teams delivering exciting talent into these squads.

It is now a key time for the club to follow suit with what has gone ahead at Perth Glory, to lock in a sustainable future.

[Bremsstrahlung]

What’s our longest ownership been?

[evolution]

What’s our longest ownership been?

Con - 2000 to 2010

[Alton]

Why isn?t NNSW assisting in the sale of the club ( apologies if they silently are) surely it is in their best interest to have a team in a professional league team within their boundaries, a pinnacle for their development players to aspire to. Yes they act on behalf of members and provide what they do for them but I?d dare say a very high majority of their members would appreciate whatever can be done to keep a licence in Newey

[MFKS]

If this Korda Mentha group find us an owner in the next two months then I think that has some blatantly obvious questions that needs answering

1 What the **** was the last guy doing trying to get us sold ??

FFS they found an owner for Glory in a week or two and haven't been able to find us one in 3 years

2 Have the 4 clubs propping us up intentionally been white anting us from within by forcing us to play with the shit players we have been given to give their clubs a competitive advantage over a rival team??

[Bremsstrahlung]

Reading the articles and reading between the lines, they’ll have us believe that the club has been “low key for sale” the entire time. But over this period they have been trying to get our books in order and have everything lined up to make us look more attractive on paper (e.g memberships, sponsorships, youth teams, women’s team). And to maximise their profit.
Again, they’ll have us believe we were in a shambles compared to Perth.

I don’t think they have ‘intentionally’ been making us play with a non competitive team. A large portion of fan base wanted Pappas and they gave him a crack, to no avail. Saying that, I don’t think we’ve had the budget or pull to bring good players in. But that’s half lack of $$$ and half because of the position we are in. I think it’s probably more from a tight arse perspective of our sugar daddies not wanting to put in more money than they already have. It would make sense for them to dump some cash, make us win the comp, sell that to prospective owners. I don’t think they have too much to gain long term out of making us shit.



From the outside, they’ve definitely done a poor job of selling us. But must be tricky to find some rich people willing to dump some cash for no reward or personal gain post covid. Think they underestimated the task when they took us over. The broadcast moneys and benefit of keeping us in the comp when they saved us, is definitely starting to be outweighed by the risk/prospect of losing money. I think that’s why they are trying to quick sell us.

[Alton]

Is it unreasonable to expect updates on how the process is going

[380]

Reading the articles and reading between the lines, they’ll have us believe that the club has been “low key for sale” the entire time. But over this period they have been trying to get our books in order and have everything lined up to make us look more attractive on paper (e.g memberships, sponsorships, youth teams, women’s team). And to maximise their profit.
Again, they’ll have us believe we were in a shambles compared to Perth.

I don’t think they have ‘intentionally’ been making us play with a non competitive team. A large portion of fan base wanted Pappas and they gave him a crack, to no avail. Saying that, I don’t think we’ve had the budget or pull to bring good players in. But that’s half lack of $$$ and half because of the position we are in. I think it’s probably more from a tight arse perspective of our sugar daddies not wanting to put in more money than they already have. It would make sense for them to dump some cash, make us win the comp, sell that to prospective owners. I don’t think they have too much to gain long term out of making us shit.



From the outside, they’ve definitely done a poor job of selling us. But must be tricky to find some rich people willing to dump some cash for no reward or personal gain post covid. Think they underestimated the task when they took us over. The broadcast moneys and benefit of keeping us in the comp when they saved us, is definitely starting to be outweighed by the risk/prospect of losing money. I think that’s why they are trying to quick sell us.

With any any investment you get to a stage where your ROI ( return on investment ) becomes questionable then it becomes a case of off load at the earliest convenience. IMO the owners have themselves at this stage.

I have always maintained there was a magic figure that the other owners were to put in with those monies returned by way of directly selling the club and making a profit or those other club owners would be be reimbursed for there expenses from the sale of any new license(s).

With all the talk now about two new licenses being sold i reckon the clubs owners are comfortable that either way by Christmas at worst they will have broken even.

[Jetmaster]

Is it unreasonable to expect updates on how the process is going

Yes.....it's a business sale and NDA's and confidentiality agreements apply.

[The Bear]

Buddy at the Herald told me the Herald have a story on ice about bullying in the youth ranks because of the CEO told them any bad news stops the sale. Herald told to keep quiet or no future exclusives. Herald agreed to not run the story until club sold and then front page.

WTF

[samcan]

Buddy at the Herald told me the Herald have a story on ice about bullying in the youth ranks because of the CEO told them any bad news stops the sale. Herald told to keep quiet or no future exclusives. Herald agreed to not run the story until club sold and then front page.

WTF

Surprised it took this long to get out. The hierarchy are just trying to save their jobs.

[plague]

Buddy at the Herald told me the Herald have a story on ice about bullying in the youth ranks because of the CEO told them any bad news stops the sale. Herald told to keep quiet or no future exclusives. Herald agreed to not run the story until club sold and then front page.

WTF

Wait? You think this is a bad look for the Jets?

Maybe talk to your buddy at the Herald and ask why the journalistic standards in the place are so low they are shit scared by an organisation as toothless and pathetic as the Newcastle Jets.

I get that this is how the media works (another example of Trump being right), but by god what a lame bogeyman to brag to your mates about.

"Oooohhhh no if we sell out and are nice to the Jets we may get exclusive access to the latest cut price NPL level nobody they signed".

Newcastle media died with Ray Dineen.

Shameful.



Unless of course its a made up story and youre trolling. Which, meh, whatever.



Cheers,
plague.

[My2BobsWorth]

Front page, what a joke. There is bullying in every organisation, and even this forum. I have been bullied by the sheep quiz gang for many years, headed by the standover man pv4, but the thing is, bullies are usually stupid. The Herald is a nothing newspaper these days

[belchardo]

Simon Hill reported that a couple of consortium's are inspecting the club this week on his SEN show. Deal could be finalised but not announced by Christmas.

[Thomas477]

Simon Hill reported that a couple of consortium's are inspecting the club this week on his SEN show. Deal could be finalised but not announced by Christmas.

Christmas of what year? 3023?

[belchardo]

Christmas of what year? 3023?

Don't be silly. 2059.

[380]

Don't be silly. 2059.

Think you need to reign in your optimism.

[belchardo]

Think you need to reign in your optimism.

🤣

[Alton]

Andrew Twiggy Forrest is sponsoring St George RL through his company ?Squadron Energy? hullo !!! Aren?t we a better fit !!!

[R Ramjet]

Here is a summary of some of the information I have heard over the last few months.

After trying to unsuccessfully sell the club from in-house, the club realised that potential buyers are more comfortable and more confident to negotiate potential sales with professional organisations in this field.
Through the Perth Glory attempted sale negotiations, the club was made aware of interested buying parties.
The club then started talks with KordaMentha to see if it was viable for both parties to come to an arrangement.
A sale agreement between the two was agreed.
The club was told that there were two interested parties that KordaMentha would be having initial discussions with.
As Perth Glory's discussions advanced (which collapsed) it became clear that sale figures of $25m were just not realistic.
Lower sale figures became part of the discussions with the jets which has attracted another 2-3 interested parties to come forward.

This does sound promising as it seems like we do have several interested buyers.
The obvious challenge is converting "interested parties" to a completed sale agreement. eg. New Owner !

[Alton]

Thanks Roger

[Thomas477]

Here is a summary of some of the information I have heard over the last few months.

After trying to unsuccessfully sell the club from in-house, the club realised that potential buyers are more comfortable and more confident to negotiate potential sales with professional organisations in this field.
Through the Perth Glory attempted sale negotiations, the club was made aware of interested buying parties.
The club then started talks with KordaMentha to see if it was viable for both parties to come to an arrangement.
A sale agreement between the two was agreed.
The club was told that there were two interested parties that KordaMentha would be having initial discussions with.
As Perth Glory's discussions advanced (which collapsed) it became clear that sale figures of $25m were just not realistic.
Lower sale figures became part of the discussions with the jets which has attracted another 2-3 interested parties to come forward.

This does sound promising as it seems like we do have several interested buyers.
The obvious challenge is converting "interested parties" to a completed sale agreement. eg. New Owner !

Just more PR shit.

Get the job done.

[Alton]

Check out tomorrow?s Herald, ownership news

[Bremsstrahlung]

THE Newcastle Jets are understood to be deep in negotiations with a potential overseas buyer that has a strong football presence around the globe.

If the deal is complete, the Jets would be part of a multi-club model set up along the same lines as Melbourne City, which are part of the City Football Group.

It could potentially give the Jets an advantage over the majority of clubs in the A-League which are lone entities.

The multi-club model, which is popular in the US and Europe, opens pathways for players and coaches.

The Jets had previously attracted interest from an American-based consortium, which had a portfolio of clubs including English League One club Ipswich Town, USL club Phoenix Rising and Danish club Helsingor.

The latest interested party is believed to have a similar profile.

Financial advisory form KordaMentha have been conducting the sale in conjunction with Jets executive chairman Shane Mattiske.

The Jets have been bankrolled by the owners of four rival clubs since previous owner Martin Lee had his A-League license stripped in January 2021 over unpaid debts and lack of investment.

The arrangement was always a temporary measure, with the aim now to finalise a sale by Christmas.

Mattiske said the talks were confidential but confirmed they had been positive.

"We have had strong engagement with parties who are interested and remain confident it will be completed by the end of the year," Mattiske said.

Meanwhile, Mattiske expects to know by Friday if Gary van Egmond will take up a job in China but has ruled out the coach being able to work for both organisations.

Van Egmond is believed to be the preferred candidate to head up China's national women's youth program.

The 58-year-old, who coaches the Jets women and heads the academy, made a whirlwind trip to China last week to explore the opportunity and met with Mattiske on Tuesday.

"At this point in time, there is not a definite offer," Mattiske said. "Gary has advised us that he will know by the end of the week if there is an offer and whether he is willing to accept it.

"If he was to take the position it is something he would have to focus on solely. He would not be able to continue his roles at the Jets."

Van Egmond was approached last month about the position in China and has since been in talks with the Asian powerhouse.

A coach needs to be in place at the start of the year to prepare the China side in the lead-up to women's under-20 Asian Cup to be held in Uzbekistan in March.


Article

[Hunter403]

Finalised by Christmas? Must be pretty close to signed and sealed.

[Mark325]

Hoping this means new players can be signed for the January window, but even then it’ll be good to have new owners who can figure out what’s working and what’s not between now and the start of next season so we can put forth a competitive team for next season.

[The Postman]

Let?s go Red Bull Newcastle!

[Pico]

So if we are looking at an MCO with clubs in America & Europe, could narrow it down a little.


Red Bull
777 Partners
Redbird Capital Partners
Eagle Football Holdings

[380]

So if we are looking at an MCO with clubs in America & Europe, could narrow it down a little.


Red Bull
777 Partners
Redbird Capital Partners
Eagle Football Holdings


To the best of my knowledge 777 have a stake in Victory

[Alton]

I know we have got excited in the past about a potential owner but this seems fairly advanced don?t you think.

[The Hacker]

I know we have got excited in the past about a potential owner but this seems fairly advanced don?t you think.

They must be a long way down the garden path if they think it will be done by Xmas. Fingers crossed

[Bremsstrahlung]

So if we are looking at an MCO with clubs in America & Europe, could narrow it down a little.


Red Bull
777 Partners
Redbird Capital Partners
Eagle Football Holdings


I interpreted that part of the article to be referencing the concept of MCOs were popular in America and Europe.
Not so much the MCO interested in us is a MCO with popular teams in Europe and America.


Regardless. Exciting if we get anybody with experience with a football club. It’s hard to see how it can get worse.

[380]

Worse would be to keep Mattiske

[mic22]

Worse would be to keep Mattiske

I think Mattiske's job was never to get results on the field, he had no budget for that.
His job was to get the club in a reasonable shape for a potential buyer.

[StannyCFCJET]

I think Mattiske's job was never to get results on the field, he had no budget for that.
His job was to get the club in a reasonable shape for a potential buyer.

100%

[Jetmaster]

Agree - Shane's role was just to stabilise and hold the fort for the four families, I mean owners, until a buyer was found. I doubt even he thought it would be more than 12 months.

He has done a good job and will move on as soon as the deal is done.

[Jim]

Just get it done. How we ever let other clubs own us is a stupidity at its highest. welcome to club hoar.

[StannyCFCJET]

Just get it done. How we ever let other clubs own us is a stupidity at its highest. welcome to club hoar.

It was that or fold, There was no other option. None. Then we had to find a buyer but the APL wouldnt budge on a high price and we are a club whose town minus a few small thousand dont care about.

[My2BobsWorth]

Agree - Shane's role was just to stabilise and hold the fort for the four families, I mean owners, until a buyer was found. I doubt even he thought it would be more than 12 months.

He has done a good job and will move on as soon as the deal is done.

He hasn't stabilised the club, we've gone from one of the best attendance clubs to one of the worst. It's going to be very hard to get the thousands of members back

[StannyCFCJET]

He hasn't stabilised the club, we've gone from one of the best attendance clubs to one of the worst. It's going to be very hard to get the thousands of members back

That's not all down on Shane. Aside from the GF season in 17/18 its ben dysmal for a long time

[My2BobsWorth]

Being the Jets, this could crash and burn, but I think the club and supporters deserve a break, and if the deal eventuates it would be bloody great, if not, we are stuck with Shane as you call him

[380]

I'm going to take a stab in the dark and say all was finalized by COB yesterday.

[ForeverRed]

I?m hearing whispers AC Milan are involved

[northern_swan]

Forza AC Newy

[boz-monaut]

if AC Milan are involved, I think there's more chance of Silvio Berlusconi coming back to life and having a bunga bunga party with Con as there is that Red Bird will pour money into this sinking ship

[Bremsstrahlung]

Inter Newcastle.

And straight back out.


What times the announcement today?

[Alton]

Come on Shane give us something for Christmas, a red bird or an ac ?

[380]

I am sure Dundee United will announce there acquisition of the Newcastle Jets when they are good and ready.

[380]

Maybe Shane will introduce the new owners before kick off today, That is if he meant Christmas 2023 eh ?.

[belchardo]

Simon Hill a few weeks back said "signed by christmas, but not announced until new year".

[Hunter403]

Simon Hill a few weeks back said "signed by christmas, but not announced until new year".

Did he say which Xmas?

[380]

Also of concern is one of our current overlords in Western United struggling financially at present. According to reports players were paid late and at this stage there fixture v Reds may be postponed due to concerns over not having access to a venue.

Brisbane, Perth. WU and us all on life support. Fold the league start again.

[Alton]

Happy new year red 🦅

[Couscous]

I would like some news.

[380]

Shane has it all under control, No wuck'n furries.

[Alton]

Come on Shane

[The Hacker]

Shane has it all under control, No wuck'n furries.

Herald reported Stanton has meet with the ?potential? new owners. Surely it?s close

[380]

Herald reported Stanton has meet with the ?potential? new owners. Surely it?s close

Is it just me or is it really frigg'n poor form from our so called CEO " got it under control " Shane that information regarding new ownership always seems to be a Herald story behind a subscription.

Here is a tip Shane, The club has members who have been members since day dot in this area who know the Herald for nothing more than a Thugby League rag and do not subscribe to it who would like to also be kept up to date.

No wonder the NRL gig was just a flash in the pan for ya !!!!!!!!!!!.

[Bremsstrahlung]

Can somebody link the article?
I had a look at a few Jets men’s articles this morning, and couldn’t see any mention of it. (The user interface has really gone downhill).

Better yet, use “print friendly” and post it up…

[Jetmaster]

Is it just me or is it really frigg'n poor form from our so called CEO " got it under control " Shane that information regarding new ownership always seems to be a Herald story behind a subscription.



Because they are probably leaks to the Herald- it is not hard to get news tidbits behind the scenes.

[380]

Because they are probably leaks to the Herald- it is not hard to get news tidbits behind the scenes.

To the best of my knowledge the article contained quotes from Stanton so not sure if they are leaks eh ???.

Its not the first time Jets employees Shane included have provided information re the club to the Herald that i would think all Jets members would be interested in but have no interest in a subscription to a rag such as that. Anyways Shane must have got his Chrissy's ass about.

[Jetmaster]

Patience is a virtue - I can wait :grin:

I don't read MSM any more anyway so my first knowledge will be a member email. I will then know it is fact.

[ForeverRed]

8 days into the new year and still nothing

[380]

8 days into the new year and still nothing

Trust Shane.

[Jeterpool]

I spoke to Shane at the Women's match on Sunday, knowing he wasn't going to give anything away. He mentioned it's progressing along.

While I'm not a Shane apologist, he did mention at the last Fan's Council that there's hurdles to get through - including current owners, other owners, APL and FFA.

If any of these parties throw up hurdles or take longer than expected, that's going to lengthen the process. Many will be returning from leave this week - so who knows if some of these offices have been shutdown the last fortnight too.

That being said, an update wouldn't go astray - the silence is deafening. Even if that update is "we have parties going through due diligence" then we know where we are along the path.

[StannyCFCJET]

I spoke to Shane at the Women's match on Sunday, knowing he wasn't going to give anything away. He mentioned it's progressing along.

While I'm not a Shane apologist, he did mention at the last Fan's Council that there's hurdles to get through - including current owners, other owners, APL and FFA.

If any of these parties throw up hurdles or take longer than expected, that's going to lengthen the process. Many will be returning from leave this week - so who knows if some of these offices have been shutdown the last fortnight too.

That being said, an update wouldn't go astray - the silence is deafening. Even if that update is "we have parties going through due diligence" then we know where we are along the path.

Our 3 owners will 100% throw up hurdles. They want a return on their "investment" and will want a high price

[Thomas477]

I spoke to Shane at the Women's match on Sunday, knowing he wasn't going to give anything away. He mentioned it's progressing along.

While I'm not a Shane apologist, he did mention at the last Fan's Council that there's hurdles to get through - including current owners, other owners, APL and FFA.

If any of these parties throw up hurdles or take longer than expected, that's going to lengthen the process. Many will be returning from leave this week - so who knows if some of these offices have been shutdown the last fortnight too.

That being said, an update wouldn't go astray - the silence is deafening. Even if that update is "we have parties going through due diligence" then we know where we are along the path.

That’s fine, but don’t come out with bullshit comments like before Christmas. Under promise and over deliver, don’t over promise and under deliver

[plague]

Our 3 owners will 100% throw up hurdles. They want a return on their "investment" and will want a high price

I know right, how dare they try and run their business like a business.

why do broke ass people love nothing better than spending other people's money?


still rue the day we didn't sell to the crypto bros.

[380]

No doubt all will be revealed once the window closes, Cynical ?.

[plague]

While I'm not a Shane apologist,

feel free to remain a plague apologist Mr Pool.


Cheers,
plague.

[StannyCFCJET]

I know right, how dare they try and run their business like a business.

why do broke ass people love nothing better than spending other people's money?


still rue the day we didn't sell to the crypto bros.

Problem with that is that method and plan is never gonna sell us and will just bleed them dry until they cut us lose

[mic22]

I know right, how dare they try and run their business like a business.

why do broke ass people love nothing better than spending other people's money?


still rue the day we didn't sell to the crypto bros.

I believe part of their investment (or most of it?) was aimed at keeping the league alive with 12 teams, TV rights etc.

In that case, they've had their return.

So yeah... they better get rid of the Jets as fast as they can and cut their losses.

[plague]

Problem with that is that method and plan is never gonna sell us

It is while ever they believe another Bill Foley is out there.

[plague]

I believe part of their investment (or most of it?) was aimed at keeping the league alive with 12 teams, TV rights etc.


So you're saying self interest got them this far.......yet now is the time to turn into Santa Claus to keep some broke ass fans happy?

Nah, they'll keep going till that cheque clears.


and they should.

[mic22]

So you're saying self interest got them this far.......
I said this...


yet now is the time to turn into Santa Claus to keep some broke ass fans happy?


... but I didn't say this.

I said at this stage they should cut their losses.
I think their self-interest was to keep the league alive, not to make a profit. No one in their sane mind would dream of making a profit from the Jets!

[evolution]

I for one welcome our new Italian overlords.

https://www.ftbl.com.au/news/exclusive-italian-billionaire-closes-in-on-newcastle-jets-takeover-603940

[Bremsstrahlung]

The long awaited sale of the Newcastle Jets is on the brink of being finalised, with Italian billionaire Danilo Iervolino - owner of Serie A strugglers US Salernitana 1919 - understood to be the mystery buyer.

Italaian sources claim Iervolino, 45, is looking to build a portfolio of clubs across various jurisdictions, and it?s believed negotiations to acquire the Jets for a figure thought to be in the vicinity of $10 million are at an advanced stage.

The owners in waiting have already communicated to coach Robbie Stanton their desire to hold onto to core performers such as Phillip Cancar, Lucas Mauragis, Clayton Taylor and Mark Natta, whilst focusing on beefing up the club?s youth development structures.

Iervolino, who sold the online university business he built over 18 years for $US 1 billion, is a longtime student of football, who has already ploughed over $100 million into the club he saved from Serie A expulsion two years ago.

Lazio president Claudio Lotito had to sell Salernitana by midnight on December 31, 2021 as Italian rules preclude two teams in the same division sharing the same owner

In stepped Iervolino with an $18 million rescue package, and he?s been on a mission to make sure the club punches above its weight ever since, in the fashion of fellow Serie A underdogs Atalanta and Cristian Volpato?s Sassuolo.

Salernitana sit three points from safety at the foot of Serie A after 19 games, and recently appointed legendary ex-Italy striker Filippo Inzaghi as their new head coach.

Iervolino has vowed to splash another $32 on reinforcements to make sure they stay up, dwarfing the sum purportedly paid to liberate the Jets from the control of current benefactors Sydney FC, Western United and Western Sydney Wanderers, who have funded the club since January, 2021.

The Jets, according to Iervolino?s master plan, will be the just first offshore investment in up to four clubs to be located outside Italy.




Should get some good signings with $32.

$10M fee. No wonder current owners are dragging their feet.

[Frodo]

Should get some good signings with $32.

$10M fee. No wonder current owners are dragging their feet.


Almost feel bad for making some poor sod pay $10 million for a licence to play in a faltering competition, a 2008 grand final win memory and SuperDylan's Lord of Flies style kid army to take on rival active supporter groups.

But then I remember he's a billionaire and I don't mind. He probably made another $10 million back while we slept last night.


At least we will get free pizza after wins now instead of our regular free Maccas.

[Alton]

There is just no pleasing some, this is great news.

[Frodo]

There is just no pleasing some, this is great news.

2 things.

1. This is great news if true. Of course it is.

2. We are allowed to make of stuff, especially when it's not fully done. Cheer up a bit Alton.

Now, how soon do we think until he does a full maniac owner and changes the colours, hires and fires 3 managers in a season and starts fights with fans at a match day. You know, the full billionaire playing with his toys experience.

[R Ramjet]

Danilo Iervolino was someone who I did hear whispers about being interested in buying us.
I'm not sure about the $10m figure quoted in the article. I think it might have to be a bit higher than that to get a deal completed. Depends if the club has any debts/loans the new owner might have to settle!
I was surprised when people were mentioning Redbird (AC Milan) on social media as being our new owners. This was something that I hadn't heard anything about.
In one of my previous posts I did mention that there were multiple parties interested but actually getting names was near impossible.

I think an owner who has duel football club interest might be a good thing for us. Compared to a Tinkler type owner who has/had money but no interest in the game!

[R Ramjet]

There is just no pleasing some, this is great news.

It is great news if the deal is completed.
I don't think some people realise how uncertain our future is if a sale isn't finalised.
The money that has been provided to keep us going hasn't been cut off but its coming to an end!

[Alton]

Danilo Iervolino was someone who I did hear whispers about being interested in buying us.
I'm not sure about the $10m figure quoted in the article. I think it might have to be a bit higher than that to get a deal completed. Depends if the club has any debts/loans the new owner might have to settle!
I was surprised when people were mentioning Redbird (AC Milan) on social media as being our new owners. This was something that I hadn't heard anything about.
In one of my previous posts I did mention that there were multiple parties interested but actually getting names was near impossible.

I think an owner who has duel football club interest might be a good thing for us. Compared to a Tinkler type owner who has/had money but no interest in the game!
Well said Roger, let?s be positive about this, it beats the alternative Frodo ( extinction)

[furns]

Danilo Iervolino was someone who I did hear whispers about being interested in buying us.
I'm not sure about the $10m figure quoted in the article. I think it might have to be a bit higher than that to get a deal completed. Depends if the club has any debts/loans the new owner might have to settle!
I was surprised when people were mentioning Redbird (AC Milan) on social media as being our new owners. This was something that I hadn't heard anything about.
In one of my previous posts I did mention that there were multiple parties interested but actually getting names was near impossible.

I think an owner who has duel football club interest might be a good thing for us. Compared to a Tinkler type owner who has/had money but no interest in the game!I think Redbird was rumour a + rumour b = possible owner c
It was mentioned that a potential bidder had a presence in the US and Europe which was where Redbird came from. Whether its true or not is anyones guess but going from whats being "reported" it sounds like there are two possible bidders with Iervolino being one (one club currently looking to build a group) and the other possibility being Redbird or some other ownership group with several clubs in their portfolio already

[Hunter403]

He had better bring in jet shaped hats on day 1

[furns]

He had better bring in jet shaped hats on day 1
Italian made merch
Italian food and Peroni at MJS
Things are looking up ppl
:thumbsup:

[matty]

I think Redbird was rumour a + rumour b = possible owner c
It was mentioned that a potential bidder had a presence in the US and Europe which was where Redbird came from. Whether its true or not is anyones guess but going from whats being "reported" it sounds like there are two possible bidders with Iervolino being one (one club currently looking to build a group) and the other possibility being Redbird or some other ownership group with several clubs in their portfolio already

The redbird rumor come from someone on twitter, my information is they were never in the picture to start with, the 'americans' are/were tied up on the west coast and into south america. The 'Italian Tinkler' as Roger aluded to, was in the picture and it would be good if true, but as they alwaya say chickens, count.....

[Golden Goal Fan]

My understanding is that is would be $10million license fee but sale would be contingent on the new owner taking on the business as an ongoing entity and responsibility for any debts owed by the club. Could be wrong but this is something that stalled other sales (again to my understanding, happy to be told otherwise)

[Frodo]

He had better bring in jet shaped hats on day 1

Now we are getting somewhere.

[Bremsstrahlung]

Oh yeh, it’s great news.

I also think we are a little skeptical due to our history.
A) with deals that are almost done.
B) with owners with deep pockets. Something inevitably goes amiss.

Stoked we have somebody interested. And while they don’t have the pedigree of say City group, red bird or Red bull, I’m excited to see how it all pans out.
Seems to genuinely have an interest in football, which helps.

Wonder if the eventual price is kept under wraps while we are hitting up other rich people for new licenses. Or if the model is allowing lower $$$ sales of existing clubs, but if you want your own, cough up.

[plague]

Wonder if the eventual price is kept under wraps while we are hitting up other rich people for new licenses.

I think you'll find that the final figure that appears in strategically placed places will be nice and high and include things like 'licence fee', 'paying off debt' and 'promise of future investment'. The closer the figure gets to the $20m valuation number they are all searching for the happier everyone will be.

Then the eventual new owner will sign an NDA and never tell anyone what they really paid.

and no one should give a shit from that day forward.


I'm just glad there's hope of some proper efnicks back in town running the show. Can't wait for Modus to introduce a specially themed insensitively titled beer to celebrate the occasion. Will def drink a few.

gonna miss these short beer lines and easy parks though if we ever get our shit together.

[plague]

Also, Mr Furns, how strong was the coffee this morning old son?

Been on an absolute posting frenzy.

[belchardo]

Forgive my scepticism, but I'll believe this when I see this guy standing out the front of Birmingham Gardens, crying, arms aloft with a jets scarf above his head saying all he's ever wanted in life was to own the jets.

I mean, I hope I'm wrong, but we're relying on a single article from FTBL and a few people with "understanding". I also have the "confirmed sale" of Perth late last year in my mind.

[Jim]

Forgive my scepticism, but I'll believe this when I see this guy standing out the front of Birmingham Gardens, crying, arms aloft with a jets scarf above his head saying all he's ever wanted in life was to own the jets.

I mean, I hope I'm wrong, but we're relying on a single article from FTBL and a few people with "understanding". I also have the "confirmed sale" of Perth late last year in my mind.

finally some sanity

[Alton]

Morning Shane, what can you tell us?

[R Ramjet]

For people wanting any information or updates on new owners, here's what you need to remember.
We are owned by 3 maybe 4 other clubs. They pay Shane's wages and he follows their instructions.
These other clubs also hired a firm to "fast track" our sale.
The only person within the Jets that would have knowledge of the sale progress is Shane.
He is an absolute roadblock when it comes to information.
He no doubt wants to stay in his employer's good books for future employment opportunities as he probably knows new owners would have their own ideas.
It's not a nice thing to say but Shane is not really a "Jets Man" if you know what I mean.
The only real avenues for information are through the selling firm and the other clubs administration that own us.
I was able to obtain some information from a previous interested party but that was obviously through the buying side, not the club.
I have no idea why Shane made the comment that a deal could de completed by Christmas. We hear nothing from him and then he makes an unrealistic comment like that.
Does anyone know where Shane's local watering hole is ?
Getting on the beers with him at a local karaoke night might be the only way for an update.
I do hear information from time to time from a "source" but I only post something on here if I feel its relevant and in the interests of people on this forum.
One thing that won't surprise me is if we lose a player to one of our owners before a sale is completed !

[R Ramjet]

Mattiske said the talks were confidential but confirmed they had been positive.

"We have had strong engagement with parties who are interested and remain confident it will be completed by the end of the year," Mattiske said.

This was the Herald article with a quote from Shane.

[380]

Morning Shane, what can you tell us?

Shane as he is known to those close to him is all over it, Nothing to see here.

[Jim]

Shane as he is known to those close to him is all over it, Nothing to see here.

aka grub for hire. next

[belchardo]

https://www.abc.net.au/news/2024-01-16/a-leagues-boss-confident-canberra-mens-franchise-will-go-ahead/103325064

Mostly about canberra, but also includes a couple of sentences about the jets and Perth at the end.

[Alton]

Thanks Bel

[Jeterpool]

I attended the Jets Fan Council yesterday. We were addressed by Shane Mattiske. He said the ownership is progressing and we should expect to have an announcement soon. Things were going well.

My feedback to Shane yesterday was that the silence is deafening and has grown louder since the previously-announced Christmas/End of December timeline was announced. The membership deserve to be updated once the public deadline was passed...even if that update was "there is no update". The more space he leaves with unknown answers, the bigger the gaps for rumours and shit-stirring to occur. Take control of the information that's coming out.

Shane was actually very receptive to that and acknowledged the validity of my comment. We should expect an update to come out soon (my indication was within the next week).

[380]

I attended the Jets Fan Council yesterday. We were addressed by Shane Mattiske. He said the ownership is progressing and we should expect to have an announcement soon. Things were going well.

My feedback to Shane yesterday was that the silence is deafening and has grown louder since the previously-announced Christmas/End of December timeline was announced. The membership deserve to be updated once the public deadline was passed...even if that update was "there is no update". The more space he leaves with unknown answers, the bigger the gaps for rumours and shit-stirring to occur. Take control of the information that's coming out.

Shane was actually very receptive to that and acknowledged the validity of my comment. We should expect an update to come out soon (my indication was within the next week).

Perhaps it this why he only lasted 5 mins at NRL HQ. I am sure the bloke can MD or CEO a company where he can hide behind other management rather than him engage but when you enter sports management you need to be able to read the supporter base and frequently engage, He fails monumentally on this count.

[StannyCFCJET]

Perhaps it this why he only lasted 5 mins at NRL HQ. I am sure the bloke can MD or CEO a company where he can hide behind other management rather than him engage but when you enter sports management you need to be able to read the supporter base and frequently engage, He fails monumentally on this count.

Or is he told by our 3 owners to say nothing?

[belchardo]

Thanks for the update, JP.

[Jeterpool]

Perhaps it this why he only lasted 5 mins at NRL HQ. I am sure the bloke can MD or CEO a company where he can hide behind other management rather than him engage but when you enter sports management you need to be able to read the supporter base and frequently engage, He fails monumentally on this count.

I was pretty direct with him.

Just want to let you all know I'm trying to influence what's happening as best I can with the opportunity I've got.

[Alton]

Thanks Jet great job

[Bon]

Yeah, great work as always Jeterpool!

[StannyCFCJET]

I was pretty direct with him.

Just want to let you all know I'm trying to influence what's happening as best I can with the opportunity I've got.
We appreciate it mate. Top stuff

[My2BobsWorth]

I was pretty direct with him.

Just want to let you all know I'm trying to influence what's happening as best I can with the opportunity I've got.

What were the other council members saying?

[Jeterpool]

What were the other council members saying?

They agreed. In this instance I got in first as Shane provided a general update across a number of fronts and once that was completed I jumped in first with the question so I didn't give them a chance.

Last meeting I requested that once we got to a stage with preferred new owners that we wanted the club to put forward the Fans Council would like to meet with them. I reminded the club of this request and they said that would certainly be put forward and something that is likely to happen.

There's a few hurdles that need to happen. Once the Potential owners and the Jets Owners agree the terms of the sale, it then progresses to the Other owners for endorsement, then the APL and then finally FFA. Given 4 of the other 11 owners are directly invested in offloading us I don't expect we will get road-blocked there, nor at other stages.

All of this bureaucratic pathway we have to navigate is exactly what I said to the Club (i.e. Shane) you need to outline to us. Tell us what's ahead so we can tick off mental boxes as we move along. Don't keep us in the dark.

[My2BobsWorth]

That's right JP, we don't want privacy rules broken, just some basic info, like "we are at this stage"

[Thomas477]

I just want Shane to not treat us like mugs and be forthright with us.

[StannyCFCJET]

I just want Shane to not treat us like mugs and be forthright with us.

I'm convinced he's being told to say nothing by both the APL and our 3 owners

[R Ramjet]

Great work Jeterpool.
Was there anything else from the meeting that might be of interest to the fans ?

[Jeterpool]

Great work Jeterpool.
Was there anything else from the meeting that might be of interest to the fans ?

There is, but out of respect I will wait for the minutes to be approved. I take the minutes and the chance for feedback closes Friday.

[Avocadomexican]

Any truth behind the fallen thru rumours going around online?

[Alton]

Any truth behind the fallen thru rumours going around online?
Where?

[Jeterpool]

The anonymous ones on Facebook? Saying the Italian Billionaire has walked away?

That may be the case, but it doesn't mean the sale has collapsed. He might not have been the only one at the table.

If he has walked away, we just assume he's no longer interested because the club have stuffed it up. What other reasons could mean he's stepped back interest?

Regardless, all the more reason I stand by my comment at the council that Members and Fans need an update.

[evolution]

A comment on one of the Facebook posts suggests the Italian bloke has dropped out due to another party entering the exclusivity period.

As Jeterpool has said an update from the club would be handy to kill the rumours and doomsaying.

[R Ramjet]

Here is a summary of some of the information I have heard over the last few months.

After trying to unsuccessfully sell the club from in-house, the club realised that potential buyers are more comfortable and more confident to negotiate potential sales with professional organisations in this field.
Through the Perth Glory attempted sale negotiations, the club was made aware of interested buying parties.
The club then started talks with KordaMentha to see if it was viable for both parties to come to an arrangement.
A sale agreement between the two was agreed.
The club was told that there were two interested parties that KordaMentha would be having initial discussions with.
As Perth Glory's discussions advanced (which collapsed) it became clear that sale figures of $25m were just not realistic.
Lower sale figures became part of the discussions with the jets which has attracted another 2-3 interested parties to come forward.

This does sound promising as it seems like we do have several interested buyers.
The obvious challenge is converting "interested parties" to a completed sale agreement. eg. New Owner !

As I posted above in December.
KordaMentha already had 2 interested parties right from the start. I believe one of them was the Salernitana owner. He wants to buy another club but it doesn't have to be the Jets, as far as he is concerned.
Danilo lervolino is not out of the running but he is no longer the front runner due to him assessing all his options.
The 3rd interested party has now moved to the front of the queue as the Jets are looking to get this done quickly.
The only whisper I could get on names for potential owners was Danilo.
I have no idea who the other interested parties are.
Interested Parties probably realise that the longer this all goes on, our price gets lower !

[Alton]

Thanks Roger

[Jim]

"Parties" are just hobnobbing gobblers looking for a quick $$. Wont find it or them here anytime soon.

[Jeterpool]

As the end of January approaches, we have a great run of home games ahead of us. It’s a critical period for both of our sides as we push for our place in the top 6. With two big games coming this weekend – and the next for our Men’s and Women’s teams, I want to provide you with a quick update on a few points across the Club.

Firstly, following Gary Van Egmond’s departure last week, our interim appointments of Ryan Campbell as interim Women’s Head Coach, along with Ryan joining Damien Zane to oversee the Girls and Boys Academy respectively, we have some very good hands guiding these respective parts of our Club.

We’re beginning the process of forming a decision on the future leadership of our A-League Women’s team and the Academy. This will be properly considered – and no doubt will include some input from the potential incoming owners of the Club.

And on new ownership, this is clearly top of mind for the Club. Our progress is positive and we are confident of having this finalized soon. I know many of you are anxious to know more; however the simple point is that the process is confidential, and we will announce it at the appropriate time.

Speculation becomes a distraction for our players and the focus for the club needs to be 6 points each weekend. Please respect our playing group and support them during this period. I look forward to being able to provide more information to you when I can and I am confident of a very positive new era for the Jets.

In terms of the upcoming games, we have a great run of home games for both teams with Men’s home games v the Phoenix, Victory, Bulls and Mariners in the next five weeks. Our Women’s team also have four great games in this same period v the Mariners, Phoenix, Roar and Glory.

Note - With regard to the Men’s home match on the 24th of February v Macarthur, we're aware that an issue could arise if the Bulls progress in the AFC Cup. We expect that the likely outcome would be our home game gets pushed back one day. We'll keep you up to date if there is a shift.

Also, a little reminder that the Club is taking three of these Women’s games to Maitland for the first time this year. This is an important opportunity to bring top tier ALW to the lower Hunter region and for our fans to see more of the elite training base that our Men and now Women have been using. The Jets ALW team has been super exciting and highly competitive this year and we’re looking forward to seeing you all come out to support them.

Finally – on behalf of our players, football and admin staff I wanted to thank all of you for your support. Our members numbers are about to hit 8,500 which is the highest level in five years. This is a great sign of the strength of support for the Club and provides a great platform for our future success.

See you at the games this weekend!

Yours sincerely,

Shane Mattiske

Executive Chairman

Newcastle Jets FC
Message from our CEO

[Jim]

https://www.newcastleherald.com.au/images/transform/v1/crop/frm/AFKkRPHwQbXhqFfb42nFTx/7e813a41-22dd-4288-a6a8-0c41170857b6.jpg/r0_1183_3363_3230_w1200_h678_fmax.webp

derp derp derp thanks robbie tew

[Bremsstrahlung]

I get it. He can’t say much.

He lost me at the bit that comes across as “if you really cared about the team, you’d stop asking about the ownership and not ask again until we tell you”.

[Thomas477]

I get it. He can’t say much.

He lost me at the bit that comes across as “if you really cared about the team, you’d stop asking about the ownership and not ask again until we tell you”.

Yeah **** that, obviously just isn’t the players who are at our club because our owners didn’t want them at their clubs, seems to be the ceo as well.

We’ve been patient for years now, enough is enough.

[380]

Ive said it before on here, There is a reason he was at the NRL for 5 mins. Bloke might be a genius at the pointy end of organizations B2B but in a sports management role where engagement means communicating with supporters he's got nothing.

He's probably a decent bloke but he's just never really seemed to read the room in his role as EC at the club.

[belchardo]

We’re beginning the process of forming a decision on the future leadership of our A-League Women’s team

also another pearler of a non-statement. We didn't say we were forming a decision, just that we're starting the process to work out how to form a decision.

The "respect" comment is ridiculous. Honestly, who writes this stuff?

I appreciate the update, but not so much the slightly patronising tone.

[jesterday]

also another pearler of a non-statement. We didn't say we were forming a decision, just that we're starting the process to work out how to form a decision.

The "respect" comment is ridiculous. Honestly, who writes this stuff?

I appreciate the update, but not so much the slightly patronising tone.

we are in discussions about further discussions and may make an appointment for further discussions with interested parties in the near future.

We are pleased with the progress and the paychecks we receive each month for warming the chair and eating donuts.

Please be nice to the players

[Alton]

is there any chance Jeter can get to Shane for another update?

[Bremsstrahlung]

is there any chance Jeter can get to Shane for another update?

Have some respect for the players.


*tongue in cheek…

[Jeterpool]

is there any chance Jeter can get to Shane for another update?

My mate was in the box over the weekend and Shane gave an update which sounded exactly like the update I shared a few weeks ago.

[380]

My mate was in the box over the weekend and Shane gave an update which sounded exactly like the update I shared a few weeks ago.

Must have been somebody who looks like our man Shane, Shirley the real Shane would not have offered an up date regarding any previous update because that could distract his players.

In Shane we trust

[Jeterpool]

Must have been somebody who looks like our man Shane, Shirley the real Shane would not have offered an up date regarding any previous update because that could distract his players.

In Shane we trust

I will keep asking because I clearly don't care about the team.

[R Ramjet]

Sale negotiations are tracking along very well at the moment. Some Key differences between the club and buyer have been resolved so its looking positive.
This came from a club sponsor I saw after the game on Saturday.

[380]

Sale negotiations are tracking along very well at the moment. Some Key differences between the club and buyer have been resolved so its looking positive.
This came from a club sponsor I saw after the game on Saturday.

So which is it.

Pizza n Peroni or Corndogs n a Miller on the menu at Halftime ?

[matty]

So which is it.

Pizza n Peroni or Corndogs n a Miller on the menu at Halftime ?

Its always been option 2.

[Alton]

Sale negotiations are tracking along very well at the moment. Some Key differences between the club and buyer have been resolved so its looking positive.
This came from a club sponsor I saw after the game on Saturday.

Thanks Roger

[Alton]

The silence from Shane is exactly what makes a mockery of this whole new ownership saga, we have heard it was imminent, something was happening soon and blah blah blah. Now with thugby league dominating deadlines and about to start, we become even more insignificant

[Bremsstrahlung]

Rumours Perth found an owner


It baffles me how we can constantly be “in talks”. Does something happen and they pull out?
Do they see our debt bill? Do they see our staff bill? What do they see they turns them away?

[380]

The silence from Shane is exactly what makes a mockery of this whole new ownership saga, we have heard it was imminent, something was happening soon and blah blah blah. Now with thugby league dominating deadlines and about to start, we become even more insignificant

I have always at the cost of being called out for it i might add that Mattiske never really seemed the right man to be the EC of the Jets or any other professional sporting club for that matter.

Ever since he was introduced to us in the role he has never really been the engaging type with an understanding that a sports club connects to its fans in a different way. In a way we are the consumers of what he is selling and we are encouraged to buy what he is selling through feeling we belong to the club and vica versa the club belongs to us. Our relationship to the club is tribal and inclusiveness that makes it feel like its ours. His target consumer is our support and he has never engaged us in a manner that resonates excitement and be proud of that tribal type support we bring.

Ive said it before i am sure Mattiske is more than capable of performing in the role of MD, EC whatever title you wanna give him just not at a professional sports club. He struggles with one of the key requirements of the job description, Engagement. I once seen him wondering from the Western side of the ground to the Eastern side one afternoon prior to a game behind the posts and not once did he look up to hill at the Southern end and acknowledge those who recognized him as the CEO.

I get Lawrie is a Gypo and all that but i don't think we have ever in the past had someone lead the club in the off field role who would have NOT wandered across close enough to the fence to offer a wave and a nod to those who would have recognized them. Lawrie, Con and even Griff in his role of football manager would have just with there natural instinct for club land and how it works would have walked right close to the fence and engaged because they just got it, Shane does not.

Just my thoughts and observations and probably not worth shite.

[Bremsstrahlung]

Shane loves and respects the club, as a result, won’t be mentioning anything to do with the sale of the club.

[Oldy]

Shane loves and respects the club, as a result, won’t be mentioning anything to do with the sale of the club.

Of course he does.
Any fast talking used car salesman will don a suit and say things to stay in the seat and earn the big bucks for as long as possible.
He has not done 1 thing to prove this wrong.

[ForeverRed]

https://bit.ly/3SEZiZj
Perth have new owners