especially when you then have to pay DUI fines.Originally Posted by The Dunster
especially when you then have to pay DUI fines.
This doesn't sound or look very good for the Knights. Lots of avoiding direct questions. This will only harm player and team morale. Let's only hope the Jets are mot being put in the same situation.Darius Boyd caught up in $200,000 wrangle
By ROBERT DILLON
March 21, 2014, 10 p.m.
KNIGHTS officials say they have honoured ‘‘all’’ their contractual commitments to players after reports surfaced that Test star Darius Boyd was owed a six-figure sum.
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The Knights’ official newspaper, the Daily Telegraph, reported yesterday that Boyd was owed ‘‘around $200,000 in third-party agreements’’ and that a source had claimed ‘‘other players were in the same predicament’’.
The Herald received similar information earlier this week and was told Boyd did not attend Newcastle’s season launch function because he was ‘‘filthy’’ about the situation.
On Tuesday, having been offered a chance to deny those rumours, the Knights addressed them in a statement, saying: ‘‘There is no marquee player payment outstanding however the club will continue to explore additional sponsorship opportunities to retain all marquee players.’’
Asked yesterday if they would like to refute the Telegraph’s story, the Knights replied: ‘‘In response to today’s report concerning Darius Boyd, the NRL salary cap audit verifies the club has met all contractual obligations and will continue to do so.’’
With regards to Boyd’s non-attendance at the February 28 function held at Merewether’s Surfhouse, the Knights said: ‘‘Darius did not attend due to personal reasons.’’
Third-party sponsorships are a grey area because under salary-cap rules clubs are not meant to guarantee such deals.
The Telegraph also made mention of ‘‘irregular’’ payment of superannuation, saying that documentation belonging to one Newcastle player indicated his super had been paid only three times in 15 months.
The Knights said on Tuesday that ‘‘player superannuation continues to be paid on an ongoing basis’’.
An NRL spokesman said yesterday that the governing body had ‘‘noted that the Knights have made public assurances that they are making ongoing payments’’.
A spokeswoman for the Rugby League Players Association said it was policy not to comment on specific issues but no Newcastle players had contacted them.
‘‘It is inappropriate for us to comment on individual clubs or players with respect to their personal financial arrangements,’’ she said.
‘‘However, players, like any other employee, are entitled to have salary, superannuation, benefits and entitlements payments made in accordance with their contracts and the relevant employment legislation.
‘‘If that’s not being done, players have the right to know
I realise this can be the way Tinks does business, but it could be the tip of the iceberg.
tinks will get shits with the knights and his money loss and dump both teams. has to happen soon. But not before selling tagz, Biz and any others he might be able to make a buck out of.
If Birazz is going to Germany then expect Real Madrid to make an offer for BK.
Tinks has a licence to print money.
In light of the impending demise of HSG's ownership of the Knoughts how much longer before the shit hits the fans at Jets HQ???
Do find the bitwhere Tinks wants to still have some involvement / say/ ownership in the Knoughts going forward despite the impending reneging on his deals due to the money he has already invested.
Bit like a bloke going through a divorce expecting to get a blow job 3 roots and a session in the arse each month from his ex wife for all the money he has squandered into her over the years
.MILLIONAIRE Nathan Tinkler will relinquish sole ownership of the Newcastle Knights on Monday but could still retain an interest in the club, with his Hunter Sports Group in negotiations with the NRL to create a new administrative structure.
Tinkler is considered no chance of meeting the 5pm deadline to put a new $10.52 million bank guarantee in place, a key component of his 2011 takeover of the club.
If he defaults on the commitment, as expected, the Knights Members Club will be within their rights to kick off proceedings to buy back the club from Tinkler for $1.
The Members Club is expected to meet on Wednesday or Thursday to formulate a plan to take back control.
The first step in that process has already taken place with Members Club chairman Nick Dan accessing the existing bank guarantee late last week and depositing it in a joint signatory account.
But it has emerged Tinkler’s Hunter Sports Group has held talks with the NRL over the past few months about a new ownership model that would guarantee HSG representation on any new board.
Knights CEO Matt Gidley was in Sydney on Friday for further talks and club chairman Paul Harragon told Channel Nine an announcement would be made over the next week.
It’s understood the proposed new structure also calls for representation from the NRL and the Members Club on the revamped board.
Harragon has been in private negotiations with Dan in a bid to get the members club on side but there is speculation they won’t give up their position of strength without a fight.
Dan said he was aware of the speculation surrounding the new structure but believes HSG should not be a part of the club’s future unless Tinkler meets the guarantee deadline.
“If they get the guarantee in place, we can all get back to what we’ve been doing,” he said.
“If not, they’ve had their opportunity to run the place.”
The NRL appears to be the key.
“The NRL will arbitrate in all this and at the end of the day, they control who gets the licence,” one source said.
“Whichever way it goes, it’s unlikely to be a smooth process.”
I would trust that FFA are being proactive on this and not just waiting for the shit to hit the fan ?
Gatty has a reliable sauce (assuming not from the bottles at Pootongue) that there is already someone ready to step in should Tinks throw a tantrum and drop the Jets.
Ray Gatt @Gatty54
I've been trying 2get some answers from FFA but they saying nothing until something def happens with Knights
Ray Gatt @Gatty54
I am hearing there are people ready to step in at the Jets if Tinkler falls over
^^ is it blacmac?
we will loose
Con and Remo or fold the farkern club.
Would prefer HP, if I am being honest.
rangers of 1886
vj
saucer people
Westboro Baptist Church.
It's a dead set cert that Alan Joyce is our new GM though. He's the only bloke with the track record to carry on Middlebys legacy.
http://www.dailytelegraph.com.au/spo...-1226875453196
STRUGGLING businessman Nathan Tinkler wants to sell the Newcastle Jets soccer team to save his ownership of the Knights.
The financial whirlwind that has shaken the former mining billionaire could lead to foreign ownership of the soccer club and only a 50 per cent share of the NRL club for Tinkler.
The Jets licence is said to be worth about $5 million. That cash would be poured back into the Newcastle Knights and almost ensure Tinkler can retain a 50-50 shareholding.
The Jets valuation comes after the Melbourne Heart were sold to the Abu Dhabi royal family, the owners of Manchester City, for $11 million.
The Western Sydney Wanderers are about to be sold for $10 million to a local consortium that includes Asian interests.
I’m told Tinkler’s agents have been in Asia for some time actively trying to find a buyer for the club.
He’s also being advised by John Singleton in Australia.
The A-League’s connections to Asia via the Asian Champions League and 2015 Asian Cup are sparking interest. The Hunter’s coal export links to Asia are another key element.
But if Tinkler does end up relinquishing control there will be a strong push to convert the Jets into a member-owned club.
FFA boss David Gallop is watching closely. At this stage players and staff are being paid on time, unlike the Knights players. There are mixed views about Tinkler’s ownership future with the Knights.
paging blackmac - time to dust off your trust proposal
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sorry, just saw that article was posted by Phil Rothfield.
Thats the football equivalent of an article from goal.com
Subscribe to The Jetstream Podcast http://www.newcastlefootball.net/podcast
I wanted to put a disclaimer next to it saying it was by him but decided the forum discussion would have been better without knowing that
Sounds almost word for word like a post on the Herald a few weeks back. Everyone knows that the Jets are a saleable asset and that Tinks would be mad not to utilise his connections in Singapore. Nothing new here.
I can have a few K ready to go....
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