I think this is the next move too.Quote:
Originally Posted by MFKS
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I think this is the next move too.Quote:
Originally Posted by MFKS
Here we go.Quote:
NATHAN Tinkler is not done fighting just yet, accusing the FFA of being “morally bankrupt” for taking back his A-League licence and warning they may have taken the first step towards folding their own competition.
Just hours after the FFA announced it was taking over the debt-riddled Newcastle Jets and stripping Tinkler of ownership of the club, the former billionaire hinted at potential legal action saying: “This could get ugly.”
“They have proven just how selfish they are with their actions today,” Tinkler told The Daily Telegraph.
They depend on the A-League owners to subsidise their game but it is just not a sustainable model.
“This is not over yet. I’ve got a buyer (Scottish club Dundee United) there that they are engaging with and they are effectively trying to pinch that buyer from me.
“I’ve engaged with that buyer to sell the club and that is still what I intend on doing.”
Asked how he would go about that given he no longer owns the licence, Tinkler said:
“That’s what we are going to have the blue with the FFA about.
“The way it’s going, they might have a few more of these licences in their lap in the next couple of months.
“They might have just taken the first step to folding their own competition.”
Earlier on Wednesday, Tinkler put the Jets into voluntary administration with debts of $2.7 million.
He claimed a sale to Dundee United for just under $5 million was “imminent” and wanted the FFA to give him the time to get the sale across the line.
But with the monthly wages of players and staff that were due last Friday still unpaid, the FFA acted.
Tinkler maintains his priority is to see all the club’s creditors paid out in full and wants the opportunity to ensure that happens.
He hopes a meeting between the FFA, representatives from Dundee United and the administrator can clear things up.
“I think I have got good legal grounds to fight this,” he said.
“I think the FFA’s actions are immoral and unethical. In good faith, I let them talk to the party who wants to buy the club and this is how they have reacted.
“I’ve got my legal advice but I will just sit on that for now. We’ll go with the buyer to see the FFA to see if some common sense can prevail.
“I’ve been in contact with the FFA all day. I didn’t hide from these actions. It wasn’t a surprise to them because I told them what I was going to do.”
Tinkler says the FFA is playing with fire in their treatment of him.
“The FFA have set the template here of ripping off owners and thinking it’s okay, ”he said.
“ They peg us guys to put our hard-earned in and we do and then they want to rip it from you and basically, they are saying that all A-League licences are worth nothing.
“What are we as owners doing this for? The FFA is saying we don’t have anything of value and they are taking steps to try and prove that. Are they going to take the licence off Brisbane next? Are they going to take the licence off Perth or Central Coast next?
“All those guys are in the gun sights of the FFA because we have been stamping our feet saying there has to be change because it is just not sustainable.
“Mark my words. If they are not careful and continue to treat the owners like they are, there won’t be a competition full-stop.”
TINKLER’S TURBULENT TIME
September 2010: Purchased the Newcastle Jets from Con Constantine.
October 2010: Membership of the club increased to over 10,000.
October 2010: Extended his ownership of the club until 2020.
October 2011: Terminated the contract of coach Branko Culina.
April 2012: Attempted to hand the Jets’ A-League licence back to FFA, but was told he would be in breach of contract. He retained ownership.
May 2014: Appointed Phil Stubbins as coach on a two-year contract.
February 2015: Settled a series of outstanding debts to a variety of organisations.
April 2015: Attended his first home game at Hunter Stadium and pledged his long term commitment to the Jets.
May 2015: Failed to pay employees wages for the third time in four months and placed the club into voluntary administration.
The Response from Tinkler
More lies, the big man is done.Quote:
Originally Posted by MFKS
Frank has all his ducks lined up and the big man is clutching at straws, if he does pursue this case he'll just be throwing more money away.
Absolutely...Tinks is just blowing more hot air (just as he has for the past 6 months).
Just as Polenz had a free pass to hack all and sundry.Quote:
Originally Posted by Jeterpool
"Player contracts for next season and beyond will be transferred over to the new entity.
However, coaching and administration staff will have their positions reviewed"
Surely that means no stubbins!!
So what happens to the 2 years outstanding superannuation if the FFA are only committed to paying last months wages? Now that Thompson has confirmed that there is an offer on the table since Friday that would enable everyone to be paid what they are owed then why won't the FFA allow the sale to go through?
My first thoughts was that Tinks is full of shit and there is no offer. Now that its confirmed surely all the FFA have to do commit to their due diligence on the potential new owners. Any outcome that screws over players, staff and local business is not right
I would surmise that paying off the outstanding debts will be included in the purchase price if a deal is to be done imminently.Quote:
Originally Posted by borat
So why don't they say that? You are assuming that this is an honourable organisation that is bound to do the right thing. Tinker is a scumbag that wasn't to be trusted but the FFA are not much better.Quote:
Originally Posted by furns
All they have to say is that any future licence fee taken will be used to paying the outstanding debts owed. But all they have said is that in a sign of good faith the would pay the last months wages. Why?
Don't count your chickens he has everything covered.Quote:
Originally Posted by Premy
Tinkler yesterday placed the club in administration
3 Hours later the FFA seized an asset(licence) and is preventing him from trading out of it/settling his debts by selling it.
Lets not even bother factoring in the implications of stripping a company of assets when not legally entitled as the company is in administration.
I don't know enough on the law in that regard but Tinkler does have his ducks also lined up and he does have a point about them denying him opportunity to sell.
Forget your personal opinion on Tinkler
FFA have made some big decisions and have opened themselves up to court room scrutiny as to the legalities of the finer details of HAL Franchises arrangements.
The big loser with Court action here is FFA getting their private dirty laundry aired publically.
Not Tinkler. He couldn't give a ****
Yup totally agree. The FFA actively courted Tinkler to get him on board, then did everything they could to keep him when he wanted to walk. Then sit back and allow 2.7milliion in debt to be accumulated and the team run into the ground. Yet can somehow try and claim a moral high ground. Please.Quote:
Originally Posted by MFKS
I think you lot are underestimating how good Gallop is.
Bloke is a dead set shark in the big boys rooms by all accounts.
He'll make Tinks cry.
Yep but Gallop will be playing the cards dealt by Buckley. Good luck with that
I'll have Gallop and Uncle Frank, you can have Tinks and Lionel Hutz.Quote:
Originally Posted by borat
May the best team win.
Not to mention the other aspect they charge him for licence and then don't allow him to be reimbursed for its sale and the FFA keep the profit.Quote:
Originally Posted by borat
Add in the complexities involved with conflicts of interest if Tinkler has been courting Thompson and FFA have also been courting Thompson to take over on the sly. Don't look really good in court when the FFA stand to profit to the tune of several million $$$
Uncle Frank didn't get to where he is by getting taken for a ride by cashed up bogans
Tinkles got where he is by trying to screw over the big boys and coming away second best
Tinkler is gone. It is not so much now about who wins and losesQuote:
Originally Posted by plague
The issue now is how much damage he can do in the mean time to the FFA and Jets and also the finer points of the FFA's Licensing system and how that will be effected long term
Tinkler may well win a legal case. That is irrelevant really
Won't stop him being gone from our club but he can stand to financially profit and cause massive damage to the FFA in embarrassment and future income loss and also effect the Jets moving forward etc
That are the issues
Phill 100% committed to Jets!!!!.... Check twitter for source........FFS, never want to see him again.....
Of course his legal team will be saying you have a chance to win a legal case, they will be looking at the dollar signs of a case that stretches years (they will extract money out of him some how)
and if he cant afford the legal fight even better
id imagine those club owners agreements with the FFA would be pretty tight and tinkler has had several breaches already I think the FFA will say bring it on buddy
Pretty sure the same was said about Con and Fat Clive.Quote:
Originally Posted by MFKS