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Thread: An entity owned and controlled by a consortium of existing APL club investors OUT!!!!

  1. #21
    Senior Member Thomas477's Avatar
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    I’d love to know why Lawrie was a director of the previous owning company.
    Middleby Gone

    Lawrie Out

  2. #22
    Senior Member Jetmaster's Avatar
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    Quote Originally Posted by Thomas477 View Post
    I’d love to know why Lawrie was a director of the previous owning company.
    Easier to setup a company with an Australian resident. It isn't unusual.
    Only one bloke on this foz constantly makes me laugh Plague and it ain't you - MFKS

  3. #23
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    Quote Originally Posted by Thomas477 View Post
    I’d love to know why Lawrie was a director of the previous owning company.
    Probs for no other reason than to be a signature if and when required on pieces of paper in the absence of an o/seas overlord.

  4. #24
    Junior Member gussie_l's Avatar
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    How does this work now with the consortium "taking" the licence. They are also taking and owning the debt too, yes? The FA/APL have some right to take it back but not all of the APL took it. Only three club took it on. So they get it for so called "free" but they are taking on the financial risk surely (own the debt now).

    I assume the people owed money by the Jets will get a bit more interested in getting their money back sooner now knowing we have deep pocketed consortium owners. Wonder what the terms are there.

    The consortium will now wanna turn this ship around pretty quickly so it's not racking up any further debt and they are losing..... not sure how much debt we were accruing over time, it'd have to be some if money coming in was less than money going out ....... that is, expect some biggish changes soon as they indicated not wanting to own it for long and need to make it viable to resell, how much and hard will they go to repeg back some value?

  5. #25
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    Quote Originally Posted by Ghost of Plague View Post
    We'd love to have Lawrie involved bahahahahahahahahahahahahahahahahahahahah.

    I'd really love to see you again trash chick I picked up when the ugly lights hit at Fanny's.

    I'd really love to donate to your charity just lemme hit you back later on with my card details.

    Jesus some of you people.

    They dont want him.The statement to the herald is just to give him a soothing pat on the way out the door.
    I miss Fanny’s

  6. #26
    Senior Member StannyCFCJET's Avatar
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    From what I saw on twitter a few weeks back which was deleted, Lawrie has been using his own money to keep the club afloat.
    Quote Originally Posted by lquiquer View Post
    Welcome to the circus ... And I can't argue any of your points... In contention for best first post of the year... ��


    Quote Originally Posted by parksey View Post
    love at first sight

  7. #27
    Senior Member baldrick's Avatar
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    Quote Originally Posted by belchardo View Post
    "The Entity" has a wonderfully malevolent I'm-going-to-destroy-the-world vibe to it.

    We’re in the poop

    https://youtu.be/YxPabRn_NY4

  8. #28
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    NBN had the new Executive Chairman on, Sure he made reference to strengthening on the field and maybe a announcement some time next week. Better be a good #10 or we can start a " Mattiske Out " thread.

    As for your question Gussie the three owners of the other clubs now have responsibility to service any debts. If they are fair dinkum with the club and us they will look to recoup there out of pocket expenses plus a very marginal amount to cover there time and effort. Bit like a mates rates cost plus 10%. All depends now on the three and there expectation in regards to price.

    If the debt that required servicing was less than the reported figure Gerry Ryan was reported to have made twice over then you would think with Shane Mattiske's time at the NRL and developed relationship with Ryan that phone call would have been made in the first instant to see if he still has a interest and facilitate a quick change of ownership at a value much less than what Lee was holding out for.

    I think i read the ATO was owed a considerable amount, I reckon there is every chance that debt could be serviced by a payment plan also and the balance of that debt probably having a bearing on the value put on the club for these other club owners to re-sell.
    Last edited by 380; 05-01-2021 at 07:23 PM.

  9. #29
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    I don't believe The Entity will be responsible for the debt, they took over the club license only, after it was removed from Lee's company, Lee's company still exists and they would be his debts. The club participation agreement / license is the only thing of any value, it's the reason the club's wanted an independent league, ironically so the FA couldn't do exactly what they just did to Lee.

    If it's true that Lawrie was a director, I imagine he'll be on the hook for debts too and liable for any claims regarding trading while insolvent as well, not to mention the typical ASIC punishment regarding being eligible for holding a similar position with any other company for a set period, usually years.

  10. #30
    Senior Member turbojetfireV8's Avatar
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    https://www.smh.com.au/sport/soccer/...05-p56rx4.html

    'Real potential': Ex-NRL boss sees blue skies ahead for Jets, A-League
    Vince Rugari
    By Vince Rugari
    January 5, 2021 — 7.45pm
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    Former NRL executive Shane Mattiske can see "real potential" ready to be unlocked in both the Newcastle Jets - the struggling club he has been tasked with nursing back to full health - and the A-League overall.

    Highly-respected sports administrator Mattiske was on Monday appointed as the executive chairman of the Newcastle Jets, who have been bought out by a consortium of rival club owners after the club's licence was stripped off Chinese businessman Martin Lee.

    Former NRL boss Shane Mattiske is the new executive chairman of the Newcastle Jets.
    Former NRL boss Shane Mattiske is the new executive chairman of the Newcastle Jets.CREDIT:GETTY

    Best known for his 15-year stint in rugby league - which included a six-month period as interim NRL chief executive after the resignation of David Gallop - Mattiske has, in more recent years, worked as a broadcast rights advisor for Nielsen Sports and Rugby Australia, and helped negotiate Football Australia's previous six-year deal with Fox Sports in 2016.

    Lured into football by former colleague Danny Townsend, the chief executive of Sydney FC, Mattiske believes there are blue skies ahead for the A-League, which has struggled off the field for several years but is now being run by a club-controlled entity called Australian Professional Leagues after being officially 'unbundled' from Football Australia.

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    "There's winds of change blowing and the A-League is well positioned," Mattiske said. "It's similar to Newcastle [Jets] in a way - it's got all the right fundamentals [to succeed] and there are now significant structural changes that are going to support growth.

    "I think there is a strong future. It will rely heavily on the commitment of the fans and the broader community and that is critical.

    "Nothing's assured - we need people to stand up and get behind the competition, but it has real potential and these changes are going to help us unlock that potential."

    A consortium led by the owners of Sydney FC, Western Sydney and Western United have pooled funds together to save the Jets from oblivion, with Mattiske chosen to spearhead the club's rehabilitation.

    FIFA and AFC statutes prohibit any one person from controlling or influencing more than one club in a competition for integrity reasons, but a Football Australia spokesperson told the Herald the arrangement was "compliant" with those rules, adding: "No one person has decisive influence in more than one club in our league."

    Mattiske was confident that conflicts of interest involving the Sky Blues, Wanderers and Western United could be managed with the right governance and management frameworks.

    The Newcastle Jets made a grand final in 2017 but have endured a difficult few years since, on and off the field.
    The Newcastle Jets made a grand final in 2017 but have endured a difficult few years since, on and off the field. CREDIT:GETTY

    "The governance of the club is going to be really important. It's why there is an independent chair in place, and we will look to bring on independent directors who have got a connection into the Newcastle and broader region," he said.

    "We will put in place structures - and we're already putting those in place - around matters like player recruitment and football decisions so that there aren't conflicts that occur because of the higher-level ownership interest. We're aware of all that ... I don't see it as an issue moving forward."

    Mattiske stressed that the consortium in place should not be seen merely as "interim owners" but businesspeople who have made a serious commitment towards the club and the region.

    Their plan is to re-engage with the Hunter community, find and secure locally-based investors, and then gradually hand the Jets over to a new ownership group.

    "We're in a position where we can move in stages. We've got time and we'll take time," Mattiske said.

    The Jets play their first home game on Friday night against the Wanderers and are offering $10 tickets for adults and $5 for juniors in recognition of the club's "fresh start".

    Mattiske was non-committal on whether a permanent coach would be appointed to replace caretaker boss Craig Deans, who sources say has strong support from the playing group. Gary van Egmond, who has served as Jets coach in two separate stints, has already been linked to the job.

    Arthur Papas, an assistant coach to Ange Postecoglou at Yokohama F. Marinos who is regarded as one of Australia's brightest young tacticians, had been lined up to coach the Jets in the event of a successful ownership takeover last year. However, the uncertainty surrounding the club prompted him to look at other options and he has since been appointed as the head coach of third-tier Japanese side Kagoshima United.

    The Jets have racked up several million dollars in debt over the past 18 months but Mattiske said the club was now being run by a new and entirely separate corporate entity, and that previous liabilities were being addressed by Lee.

    "Martin Lee is the owner of the old entity and Martin Lee is working through that at the moment, from our understanding," he said.

    As for Lee's chief executive Lawrie McKinna, Mattiske said he had "great respect" for the job he had performed under difficult circumstances and wants him to be a part of the club going forward.

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    McKinna, who was a director of the previous company that held the Jets' licence, did not return calls from the Herald on Tuesday.
    Life isn't the same without Con... but it can only improve without Tinks...

  11. #31
    Junior Member gussie_l's Avatar
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    Cheers for those replies/info 380/PICO/turbojetfireV8.

    From the article it's as you said Pico.

    The Jets have racked up several million dollars in debt over the past 18 months but Mattiske said the club was now being run by a new and entirely separate corporate entity, and that previous liabilities were being addressed by Lee.

    "Martin Lee is the owner of the old entity and Martin Lee is working through that at the moment, from our understanding," he said.


    I then think that the risk for those three owners is definitely reduced and maybe the "free" purchase is a bit more enticing, but they'll need to turn it around quick. A bit sad for those owed money. The conflict of interest thing is "interesting". For now, as "a tragic supporter" its good to see that there is support to keep us in the league / licence is staying in Newie.

  12. #32
    Senior Member Jeterpool's Avatar
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    Quote Originally Posted by gussie_l View Post
    Cheers for those replies/info 380/PICO/turbojetfireV8.

    From the article it's as you said Pico.

    The Jets have racked up several million dollars in debt over the past 18 months but Mattiske said the club was now being run by a new and entirely separate corporate entity, and that previous liabilities were being addressed by Lee.

    "Martin Lee is the owner of the old entity and Martin Lee is working through that at the moment, from our understanding," he said.


    I then think that the risk for those three owners is definitely reduced and maybe the "free" purchase is a bit more enticing, but they'll need to turn it around quick. A bit sad for those owed money. The conflict of interest thing is "interesting". For now, as "a tragic supporter" its good to see that there is support to keep us in the league / licence is staying in Newie.
    You've got to feel for those entities owed money...what's the bet there are entities owed money under Tinkler, probably Con too.

    Might make them less likely to want to do business with the club again.
    Quote Originally Posted by Grimario View Post
    Great. He's gone from Liaoning Whowin to Newcastle Wholose.
    The Championship Chronicles - The Jetstream's review of the 2007/08 season. www.newcastlefootball.net/chronicles

  13. #33
    Quote Originally Posted by StannyCFCJET View Post
    From what I saw on twitter a few weeks back which was deleted, Lawrie has been using his own money to keep the club afloat.
    I heard he saved a puppy from drowning recently too.
    What a guy.
    Keys to the city etc etc etc.

  14. #34
    Senior Member Jeterpool's Avatar
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    Quote Originally Posted by StannyCFCJET View Post
    From what I saw on twitter a few weeks back which was deleted, Lawrie has been using his own money to keep the club afloat.
    If true, this for me is above an beyond what would be expected. I wonder how many would be willing to do this if they were in a similar position.
    Quote Originally Posted by Grimario View Post
    Great. He's gone from Liaoning Whowin to Newcastle Wholose.
    The Championship Chronicles - The Jetstream's review of the 2007/08 season. www.newcastlefootball.net/chronicles

  15. #35
    Senior Member StannyCFCJET's Avatar
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    Quote Originally Posted by Ghost of Plague View Post
    I heard he saved a puppy from drowning recently too.
    What a guy.
    Keys to the city etc etc etc.
    Your boring. Bring back plauge

  16. #36
    Senior Member StannyCFCJET's Avatar
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    Quote Originally Posted by Jeterpool View Post
    If true, this for me is above an beyond what would be expected. I wonder how many would be willing to do this if they were in a similar position.
    Agree. Gives him close to newy legend status

  17. #37
    Quote Originally Posted by StannyCFCJET View Post
    Your boring. Bring back plauge
    I read on twitter, but its since been deleted, that Lawrie dug plague put of the grave and used magic spells to bring him back to life all on his own.
    Big if true.
    Also, if his name is on the rego tags for the operating company, its technically his money in some way shape or form.
    Stop being suckers falling for the shit he and his media mates feed you.

    He was in charge, the business failed. Therefore he failed.
    And that's OK. We are allowed to fail in life, its part of the process. If you listened to him in that infamous luncheon speech he should take his own advice, admit it failed and walk away.
    If hes such a fantastic awesome smart bloke there will be a line out the door for his services. He should walk, start fresh somewhere else and free himself from all this.
    I'd be the first to wish him well on the journey.
    But he ain't the answer to our problems.

  18. #38
    Junior Member gussie_l's Avatar
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    Quote Originally Posted by Jeterpool View Post
    You've got to feel for those entities owed money...what's the bet there are entities owed money under Tinkler, probably Con too.

    Might make them less likely to want to do business with the club again.
    I agree.

    It is interesting how this plays out now. How much had Lawrie and co. sharpened up the balance sheet to date and how much sharpening is still required to make us viable. I suspect quite a bit more of the later. What does this further "sharpening" / "improvements" look like? Time will tell as it feels like they want to get us sellable sooner rather than later. Never a dull moment at the Jets.

  19. #39
    Senior Member Jetmaster's Avatar
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    Quote Originally Posted by Ghost of Plague View Post
    But he ain't the answer to our problems.
    TBF - he ain't the cause of all of them either.
    Only one bloke on this foz constantly makes me laugh Plague and it ain't you - MFKS

  20. #40
    Quote Originally Posted by Jetmaster View Post
    TBF - he ain't the cause of all of them either.
    Agree. And its a point that shouldn't be glossed over.
    Lee is at fault here, in the same way Tinkler and Con were before him. They are at the top of the tree.
    My bigger point is that if he couldn't fix the problem, he should have walked, or Lee should have walked him.
    The stagnating from all parties got us here.
    Remember, it was decisive action from THE ENTITY that has given us hope. Not the ceo or owner.
    Put your faith in them, not the ones who led us here.

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