Why can't you bet on yourself to win?
Isn't that what you are trying to do anyway?
Why can't you bet on yourself to win?
Isn't that what you are trying to do anyway?
Pffffft, sif NRL would dare take El Saviours license away.
The only other blokes in Newy with coin (the 'peeples trust' mob from back in the day) got their money from corrupt Labor ministers giving away mining tenders.
(Although I doubt the lefties at ABC would go after them).
Hail Tinks in all His greatness.
**** the ABC.
I see where you are going with this but if you were betting on yourself to win there may be skeletons lurking in the closet with you enticing your rival to lose by offering them something on the sly!!!Originally Posted by Gary Fish
Thats where the air of integrity/public perception issues come into play
at least he's not doing drugs
Silliest thing he's ever done, putting 25K on the Knights. Only thing sillier than that would be 25K on the Jets
Nope.
Silliest thing he ever did was employ Middleby. That bloke has dudded Tinks out of way more than $25k.
Middleby OUT.
Tinks cleared of any wrong doing.
Of course he was.
Hail Tinks.
Middleby OUT.
http://www.canberratimes.com.au/busi...918-2tyk1.html
Down to his last few million. poor guy.Former billionaire Nathan Tinkler has been omitted from the latest edition of the BRW Young Rich List after his estimated net wealth fell below the $18 million cut-off set for 2013.
bit concerning for us, but it is clear why we can't pay out GVE's contract.
Soon he'll probably sell the club
I think the sale of the club will happen. The separation of the Jets and Knights admin made it clear that he was setting everything up to get rid of one or both the clubs.
I think both will go, but the jets would be the one he'll try and off load first. I think he'll try and hold onto the Knights for as long as possible.
Are the jets & knights more attractive by themselves or as a combined HSG. Would not put it past Wests to make an approach for the knights, who knows they could even see HSG as a good way of getting both clubs.
I for one don't want a leagues club owning our club
I'd take a leagues club owned club over no club at all and those are probably the only two options when the last of the fat man's funny money runs out. Wests would take the Knights in a heartbeat (even though it would be a money pit) and my guess is they'd probably take on the Jets as well as a sop to the community. I doubt it would cost them any extra to take over both licences as opposed to just the Knights and it would be a good gesture of goodwill towards the community that they so thoughtfully 'support' with the pocket change they make from their one or two pokies hidden away in the corner of a room.
Have there been any figures made public by The Jets or HSG about the financial position of the club over the last few seasons? Excluding say Heskey's contract are the requiring continual finances from Tinkler? Are they even close to being at break even point?
This is a terrible post.
Last edited by furious_can; 19-09-2013 at 10:54 AM. Reason: Wasn't angry enough.
In short - no
As the Jets were not owned by a membership database or have any of the protections that the Knights have now before they sold the club to HSG they are not required to.
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So is time to start whipping round the hat?
Or investing in paddlesteamers?
Has to be taken with a grain of salt considering the source is Troy Palmer. BUt its the best indication anyone is likely to get.
Tinkler’s Knights set for strong financial finish
John Stensholt
With the club set for an NRL finals appearance this weekend, the financial result for Nathan Tinkler’s Newcastle Knights this season will be the best since the former billionaire became owner in 2011.
Troy Palmer, chief executive of *Tinkler’s Hunter Sports Group (HSG), the entity that owns the Knights and A-League football club the Newcastle Jets, says the rugby league team is in a healthy position on and off the field.
“The Knights were a bit of a basket case when we took them over. They were always in the bottom of the competition for most indicators, such as revenue, merchandise and sponsorship. But now, we are in the top three or four in the NRL for those categories.”
Turnover for the club will exceed $20 million in 2013. However, Palmer admits the Knights will still lose at least $2 million this year, a sum he says will be covered by Tinkler, who has had well-publicised financial issues.
“We’ve still got a bit of work to do in that regard, but it is the same for most NRL clubs at the moment,” Palmer says. “I think in the next two to three years, we will definitely be profitable.
“At the moment, there is still that gap and we’ve done a lot of upfront *spending since Nathan became owner. But we will see the benefit of that over the next few years and we will close that gap [between profit and loss] *significantly.”
Palmer confirmed the $10.3 million bank guarantee the Knights still have in place from Tinkler, as per the terms of his takeover of the club, will remain untouched and not be used to cover any annual losses.
The Australian Securities Exchange-listed Brisbane Broncos, South Sydney Rabbitohs and the North Queensland Cowboys are considered to be on the only clubs in the competition to be *profitable, although Manly will be close to breaking even this year.
Palmer says the Knights have about $10 million in annual sponsorship income, and companies such as NIB, Sportsbet, Aurizon and Hunter Ports, which is owned by *Tinkler, will continue to sponsor the club past 2014.
Long way to go
Even more importantly, the Knights officially launched its new training and administration facility last week, paid for by Wests Group Australia under a long-term sponsorship deal with the licensed club *organisation.
“The facilities we have at our centre of excellence are now as good as any club in the country,” Palmer says.
He says HSG is also working to convince sponsors to back both the Knights and the Jets. “We think it works well and they can reach different markets that way. Football appeals more to the youth market in particular.”
He says the Jets are on target to attract at least 10,000 members for the 2013-14 A-League season, which begins in October.
The league will be in its first season of a four-year $160 million broadcast *contract with SBS and Fox Sports Australia, with the former meaning the sport will have its first free-to-air presence since the old National Soccer League was disbanded in 2004.
However, Palmer says the Jets will still lose more than $1 million in the coming season and the financial *equation for the private owners of A-League clubs remains difficult.
“There’s still a lot of issues for the clubs and we still battle. What I think you will see is that it’s the next TV deal after this one that will see the clubs in a better position, so we have to hang on until then,” he says.
“The deal starting this season means clubs are probably $500,000 better off each. But we lost $20 million combined last season, so that only really brings the total losses back to $15 million. So it’s still a long way to go.”
http://www.afr.com/p/lifestyle/sport...29bAgZd0Q7c0DK
This is a terrible post.
we will loose
lol!This is a terrible post.
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