Agreed hausmon.
And imagine if we had to pay real membership prices to watch Jets games these days. Holey dooley.
Reckon we'd be witnessing quite a few 4,000 person games right about now.
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Agreed hausmon.
And imagine if we had to pay real membership prices to watch Jets games these days. Holey dooley.
Reckon we'd be witnessing quite a few 4,000 person games right about now.
What do you make of the licence fee and the lack of process and guidelines as to how that was applied to Tinks? By rights he shouldn't have a leg to stand on but I can see this as a potential argument in any injunction.
With Con he never paid a cent for it so I can see the issue of property rights and what Tinkler bought for his money being an issue. Tinkler could prove that regs within the participation agreement are being applied to him unfairly as opposed to others. An example being the unpaid Super being part of the liabilities when the gypos down the road have been doing the same.
The other point I think he will argue in favour of his injunction will be that the actions he is taking are normal administrative functions such as replacing poorly performing staff. Clive completely shot himself in the foot by attempting to set up his Football Australia. It could easily be concluded the damage he was causing to the HAL as he openly was trying to replace the governing body.
Simply put, its a franchise league with the FFA acting as the holder of the IP rights for each franchise and a very strict legal document dictating the franchisees roles and responsibilities. The breaches won't be looked at in isolation, the FFA will be able to draw examples of previous tax debts and wind up applications, as evidence that they have tried working through the issues with the franchise owner and that he continually strays from the club participation agreement and that this culminated in the current crisis position of the club forcing the FFA to revoke the license to protect their IP and minimise any further damage to the club, the IP and ensure compliance of the clubs & FFA's contractual obligations under the CBA.
It could be argued that Tinkler got what he paid for, an established club, with contracted players, an active membership base to build from and a previous championship winning club. That's a hell of a lot more to start with then what con had. Con was starting fresh building the franchise, ultimately he was going to face more challenges establishing the brand and building a memebership base and the cost implications for that process. Any one can see that value had been built into the FFA's IP based on the work that con had done, if con had not breached his license terms he would have been within his rights to sell the license with a value based on what he'd built. Once the FFA revoked the license it still held a value and of course if you have a buyer willing to pay your asking price you sell.
The value of anything is the maximum a purchaser is willing to spend end of, Tinkler agreed and was willing.
The only thing that muddies the water, in my eyes, is the fact that Ken Edwards was involved on both sides and was rumoured to receive a commission from the FFA pending the successful sale, conflict of interest yes, but I dare say Ken Edwards was involved with the FFA pitching the sale prior to jumping into bed with Tinks, so again just more evidence of Tinkler not doing his due diligence.
https://twitter.com/theworldgame/sta...30599077920769
Explosive stuff.
Serious question. Who are Tink's lawyers? Who'd work for him?
http://api.news.com.au/content/1.0/c...ne&size=medium
When he says that the FFA helped clubs behind closed doors does he not remember what happened to Con? He went to them cap in hand and had the license taken off him. They didn't want Con to have the license anymore. Same case here.
Anyway, can we take it from Tink's outburst and legal threats that he has no means of achieving the FFA demands and we just have to wait the 14 days for a resolution?
I'm too impatient to wait 2 weeks, find another way ffa
Exactly, but in the meantime law firm becomes 'spokesman' gets on the Tele, pumps their own tyres.
Case gets settled out of court, therefore law firm 'wins' (well, they don't lose) and they can hang at the club all like 'so baby, you see me on the steps of the Supreme Court today?'
It's why lawyers defend shitcunce like cop killers, terrorists and Martin Bryant.
**** lawyers.
Worst people.
Although police prosecutors and my man Italian Lionel Hutz that does my contracts are cool.
So not all lawyers.
hows tinks gonna pay a lawyer? probono or nothin for the fat lump of ****
So the latest from scotland is stephen thompson looks like he is immigrating to australia to be our ceo, while he and a number of other partys are throwing their 2c in together and trying to buy the jets, the other parties I dont know who is involved, just heard a consortium with thompson involved.
http://www.urbandictionary.com/define.php?term=Tinkler
Gallop has a sense of humor.......
James gardiner from the herald said in yesterday's herald halftime that Dundee united itself had distanced itself from any takeover. Gardiner says it is Stephen Thompson and another businessman involved in their takeover bid. Another scot? Or maybe he has made some connections with some local (Australian) businessmen to form a consortium
Its not just the FFA gunning for Mr Tinkler now
Quote:
THE NSW Office of State Revenue has moved to wind up the Newcastle Jets over unpaid debts.
The news comes just days after controversial owner Nathan Tinkler publicly declared that creditors were ‘‘getting paid as we speak’’ and outstanding debts would ‘‘all be resolved’’.
Documents filed in the NSW Supreme Court reveal the action was taken last month against Newcastle Jets Football Operations.
The matter was listed for a directions hearing on February 25.
But Mr Tinkler told the Newcastle Herald through a spokesman on Thursday night that ‘‘the matter to which you refer has been resolved today’’.
It is understood the debt was a six-figure sum related to payroll tax.
The matter was still listed on the Australian Securities and Investments Commission website late on Thursday.
The Jets have been in turmoil since a 7-0 drubbing at the hands of Adelaide United in Adelaide 13 days ago, with Mr Tinkler sacking five senior players and three members of the coaching staff but sparing coach Phil Stubbins the axe.
With the future of the club under a cloud, Football Federation Australia moved quickly to allay fans’ fears.
‘‘FFA has been aware for some time that the Newcastle Jets have had payments outstanding with the NSW Office of State Revenue [OSR],” an FFA spokesman said earlier on Thursday. ‘‘We are also aware of the action undertaken by the OSR.
‘‘This debt is among those contemplated in the formal notice provided to the club this week. It’s FFA expectation that this matter will be addressed urgently as part of the undertakings given by the Hunter Sports Group.’’
This is not the first time the club has faced insolvency action under Mr Tinkler’s ownership, with the Australian Taxation Office moving to liquidate eight Tinkler companies in December, 2012, including the Jets and Newcastle Knights, which the coal baron formerly owned.
Mr Tinkler’s finances have been under intense scrutiny for several years as the former billionaire’s business empire crumbled.
His thoroughbred racing and breeding empire, Patinack Farm, has been broken up and is being sold off to pay debts, he owes $22million to retail giant Gerry Harvey and Patinack Farm Administration creditors are chasing $4.7million in the courts.
It was reported last October the tax office had registered two mortgages over Mr Tinkler’s stud farms with reports he faced tax debts of almost $40million. But last month, the 38-year-old said he didn’t owe the $40million, saying he successfully argued against the debts during arbitration in 2014.
Title searches conducted on Patinack Farm properties by the Herald revealed a deed of agreement and caveat held by the ATO for unknown amounts, with the debts due in May this year.
Sole director of Newcastle Jets Football Operations is Mr Tinkler’s sister, Donna Dennis, and the company is owned by Mr Tinkler.
The Herald reported on Thursday that another Tinkler-related company, Serene Lodge Investments, had been hit by court action from a creditor chasing money. IT company Reddog Technology has lodged wind-up proceedings in the Queensland Supreme Court with a directions hearing set for February 27.
The Jets have lurched from one crisis to another this season.
Facing a player revolt, Stubbins flew to Brisbane last week for crisis talks with Mr Tinkler. The next day, Mr Tinkler moved to terminate the contracts of captain Kew Jaliens and senior players Joel Griffiths, David Carney, Adrian Madaschi and Billy Celeski, and sacked assistant coaches Clayton Zane, Neil Young and Andrew Packer.
Assistant coach Michael Bridges resigned last Friday, expressing his disappointment at how the sackings were handled.
Argentinian striker Jeronimo left the Jets this week in ‘‘a mutual termination’’ of his contract.
The roster had already been depleted by the departures of Mark Birighitti, Jonny Steele, Sam Gallaway and Marcos Flores.
Home-grown Olyroos winger Andrew Hoole will leave for Sydney FC at season end.
The exodus also included former Jets chief executive Robbie Middleby and chairman Ray Baartz, who resigned those positions on January 8. Mr Tinkler took the club off the market two days later and assumed a hands-on role as chairman.
He missed an FFA-imposed deadline of last Saturday to settle debts, understood to be significantly more than the $500,000 floated in media interviews.
After discussions on Monday, the FFA issued a show-cause notice giving him ‘‘a short period’’ to respond to their concerns.
Having won just one of 15 games to be sitting second-last, a new-look Jets squad will try to salvage something from the wreckage when they host Brisbane at Hunter Stadium on Friday night.
http://www.theherald.com.au/story/28...-debts/?cs=305
Good
Little to worry about on that front.
If the FFA takes the licence the club still continues. We ain't obliged to pay that debt and Tinkler still has that to pay with the tax office chasing him everywhere for it.
Forza ATO
If the FFA winds up the club, taking back the licence becomes easy for the FFA. As far as I know, they own the club name so it just goes with them, the debt with Tinkler.
Hurry up ATO.
Ok so we've filled the CEO position will someone that looks like has the qualifications. Now to filling the role of chairman. Does anyone actually know what this role entails? Syd fc have Scott Barlow, Victory Ian Dobson. Looks like they're businessman.
Serious question (I know Bartzz prob did SFA)
Maybe. I see WSW new owner is the chairman as well. Same with Tony Sage at Glory.
I just would've wanting Tinks to put someone more knowledgeable and a new face in that role (better businessman).
Anyone else notice the conveniently located Harvey Norman signs behind the goals on Friday?
Coincidence, I think not.