Newcastle Jets in crisis: FFA serve Nathan Tinkler a formal notice of club’s financial state
Barry Toohey The Daily Telegraph February 02, 2015 6:06PM
NATHAN Tinkler’s future as owner of the Newcastle Jets appears on borrowed time after he was asked to show cause why his A-League licence should not be revoked following a meeting with FFA officials on Monday.
The meeting was called after the former billionaire mining magnate failed to meet an FFA deadline of last Saturday to have substantial debts paid and administrative issues dealt with at the club.
The FFA issued a short statement following the meeting which reads:
“FFA today held another round of talks with Nathan Tinkler and received assurances about his intention to recapitalise the Newcastle Jets and comprehensively address urgent issues in the club’s operation,” an FFA spokesman said.
“FFA advised the Jets that it has decided to give the club a formal notice in relation to its financial state. The Jets will be given a short period to respond to the formal notice.”
The FFA has not stipulated publicly how long the “short period” of time is for Tinkler to respond to the notice.
The club is in disarray after Tinkler sacked five senior players and three coaching staff last Wednesday after reacting savagely to the Jets’ poor season and a player coup to oust coach Phil Stubbins.
The sacked players — David Carney, Kew Jaliens, Joel Griffiths, Billy Celeski and Adrian Madaschi — remain on the club’s books with the PFA union disputing their terminations.