I believe they would be individual deals, both signed with HSG though, no matter as both clubs will be treated as sub tenants of Hunter venues.Originally Posted by plague
I believe they would be individual deals, both signed with HSG though, no matter as both clubs will be treated as sub tenants of Hunter venues.
So if HSG own the lease, the Jets would, theoretically, have priority. No?
This would be my fear too. However you hope that a new owner sees the benefit in keeping lower priced memberships to retain a high number of paying customers. This would be influenced by the lease they would get on the stadium, I guess. If they are getting a cut of food and beverage sales, etc, then they are more likely to keep the prices low.
Back to having no shirt sponsor again. We aren't going to be appealing because of our lack of success in recent years. Actually, since the Tinkler take-over we haven't made the finals...right?
Yep. As I said earlier they have a product to protect. If the best outcoe for the product is relocation then that's how it goes. I'd still think this region has a very very strong case.
Possibly so. No better way for Tinkler to say "I love you guys after all" and appeasing us by doing such a move while increasing merchandise sales as well.
nah, not really, think of it as just the same as Suncorp or the SFS. each club has their own season & lease agreement with any double up (unlikely as only two codes and draws are produced after the preceding draw is in motion so plenty of time to avoid them) to fall to the biggest money spinner for the stadium (think concerts trumping football games as they are guaranteed revenue for the stadium).
No great loss as far as main shirt sponsor, its not like we have had any one for the past 3 years really. It could actually help as the new owner could have connections, their own business to sponsor the team or simply lower the asking price as its only for one team over 6 months instead to the year round deal HSG was shopping around.
I was thinking more along the lines of the smaller westrac, Aurizon NIB etc. Those companies who have jumped on board the dual sponsorship of both clubs, will they stick around or pick one over the other.
Was exactly what I was thinking, a good way of appeasing the jets fans, bring back the gold etc, a good FU to the knights & lastly a good chance to flog some merch which we have heard in the past we have been a good performer for merch sales but with the limited change of the home kit over the last few years a larger change could be a chance to cash in.
Does any one remember when the ISC deal runs out. I thought it was a three season deal. It would not surprise mas if it was one of the reasons for the change in the away kit last year to allow ISC to cash in on merch before their deal ended.
So in answer to my question no one really knows for sure then (y'all could have just said that you know).
Where's the fun in that?
Made me lol. Perfect.
I've got a feeling this is not just going to be some simple handover of the club, like the blokes is just going to be happy to wear the $20m loss and then give up the club as well.Knights finally paid but club still in limbo
By ROBERT DILLON
May 20, 2014, 10:30 p.m.
NEWCASTLE Knights players and staff are understood to have been paid their overdue wages but the club’s ownership wrangle remains unresolved.
Despite anticipation that there might be an announcement yesterday, confirming embattled Knights owner Nathan Tinkler was relinquishing control of the club, the long-running impasse continued.
The Newcastle Herald understands that, barring an 11th-hour breakdown in negotiations, it remains a case of when, not if, Tinkler steps aside.
An announcement is expected within a matter of days but an NRL spokesman said yesterday the governing body was not in a position to release a statement.
It was unclear if this was because there had been last-minute haggling between the NRL, Tinkler’s Hunter Sports Group and the Knights Members Club, or whether the NRL had delayed releasing any news so that it did not detract from or overshadow the naming of the NSW Origin team yesterday.
An NRL spokesman told the Herald: ‘‘There will be no statement from the NRL today.
‘‘The talks are ongoing and the pay issue will be addressed when we are in a position to discuss the outcome of negotiations.’’
The NRL, HSG and members club met in Newcastle for crisis talks on Monday lasting several hours.
All parties were bound by a confidentiality agreement but the NRL was able to reveal ‘‘we made some progress’’.
It is understood that Tinkler’s HSG was on the verge of accepting terms for a handover, although as one source told the Herald yesterday: ‘‘It wouldn’t be the first time they have tried to move the goalposts at the last minute.’’
Tinkler has appeared on borrowed time since March 31, when HSG reneged on an agreement to provide a $10.52million bank guarantee. That entitled the members club, under the terms and conditions of Tinkler’s 2011 takeover, to start the process of buying the Knights back for $1.
That course of action was put on hold during protracted negotiations, which are understood to have revolved mainly around how HSG was going to address liabilities rumoured to be in the vicinity of $20million.
The NRL’s patience ran out on Friday when news broke that a host of high-profile players and staff had not been paid their monthly wages.
NRL chief executive Dave Smith said he would ‘‘take whatever action is necessary’’ to protect Knights employees.
The NRL’s head of club services, Tony Crawford, who has overseen negotiations between HSG and the members club, labelled the non-payment ‘‘completely unacceptable’’ and and warned ‘‘there is no place in our game for this kind of behaviour’’.
HSG chief executive Troy Palmer issued a statement in which he said HSG ‘‘would not invest further funds into the Newcastle Knights until the current ownership dispute with the members club was resolved’’.
He added that ‘‘HSG will ensure any outstanding wages are paid next week’’.
Speaking after Monday night’s loss to Manly, Knights coach Wayne Bennett could not clarify whether players and staff had been paid.
‘‘I’m not in a position to talk about off-field stuff today,’’ he said. ‘‘We’ve been in Sydney all day. I haven’t spoken to the CEO. I haven’t spoken to anybody at all about it.’’
HSG and the NRL would not comment on the wages issue yesterday but the Herald was told all employees had been paid.
A manager of one high-profile Newcastle player confirmed his client had received his salary.
http://www.theherald.com.au/story/22...-limbo/?cs=306
Yeah whatever they say!!!
Believe that when I see it type of stuff.
Do find hilarious that Tinks has kept all his deals with us and continues to look after our club despite us being a drain on his resources and he allegedly has no interest in soccer etc
His love The Knights keep getting shafted by him whilst we sail through calm waters with out a care in the world.
All things point to the Knights being No 1 and us a distant No 2
Reality would be it ain't
Gee there is some irony in this
Looks like the big man is keen to step away from the heavy losses in the sports sector.Nathan Tinkler sells Patinack Farm
By COLIN KRUGER
May 21, 2014, 10:40 a.m.
Nathan Tinkler has reached an agreement to sell off his thoroughbred racing and breeding operation, Patinack Farm, for an undisclosed sum to an undisclosed consortium of buyers consisting of ''local and overseas parties from the Middle East.''
A statement from his group said the sale, which will be on a "walk in, walk out" basis, was negotiated by UAE based investment firm Cibola Capital.
''Sale contracts have been exchanged and the transaction will be completed in the coming weeks,'' the Tinkler Group said.
"I am extremely pleased to agree the sale of Patinack Farm to an ambitious group who will continue to build on the foundations we have laid over the last six years,'' said Mr Tinkler in a prepared statement.
''I am also satisfied that the investment I have made into the Patinack Farm facilities and bloodlines will continue and that Patinack staff will be offered employment.''
Mr Tinkler's financial difficulties has lead to late payment of staff wages both at Patinack, and more recently the Newcastle Knights.
His failure to provide a bank guarantee means the Knights Members Club is entitled to buy the club back from the former billionaire for $1.
Tinkler indicated that the Patinak sale will allow him to focus his dwindling resources on the business where he made his fortune mining.
"As I now reside overseas and my focus is on our core operations in resources and mining, I am pleased to secure new owners who will take this project forward. The sale will allow further capital to be used in the development of our existing operations" he said.
Last week, Tinkler purchased Peabody Energy's Wilkie Creek mine in Queensland for $150 million.
Cibola Capital chief executive Daniel Kenny said: "Our consortium is delighted to secure the purchase of Patinack Farm and we are excited about growing the business by investing in breeding and racing across Australia and internationally.
"We are planning to expand the current operation offering a mixture of proven and new stallions for every breeder in Australia. We look forward to announcing our stallion line-up and operational structure in the coming weeks.''
Patinack Farm comprises of three major properties including a 3,300 acre breeding facility at Sandy Hollow in the NSW Hunter Valley, a 1,000 acre training facility and stud at Canungra on the Gold Coast and 950 acres of undeveloped horse country at Monegeetta, Victoria close to the racecourses of Melbourne
http://www.theherald.com.au/story/22...k-farm/?cs=305
I can imagine all these cookie cutter PR statements being rolled out for the Knights or Jets if he loses/sells up.
Not sure exactly how we are a drain on Tinkler, our salary cap is much smaller than the knights and is covered by our TV distribution unlike the NRL. We also only have the Senior team and the youth league unlike the knights that have at least twice the number of teams and probably have higher wages for the youth/lower tier teams.
Pico, stop using the truth to make valid arguments.
He'd still be making a loss on the Jets.
Other overheads are pretty darn big.
Obviously... but compared to the massive loss on the Knights, it's less of an issue.
The Jets are much better liqufiable asset than the Knights.
he can sell us, PSG might need to buy us like Man city are doing.
he can make money keeping us tiking over and selling us on.
the knights are not able to turned into cash.
all this becasue he didnt get his coal loader.
ive no doubt the only reason he bought both teams was to buy goodwill amongst the community.
Newcastle Saint Germain.
Red and Blue
Tinks would be aware of the value of a football club now he in ensconced in Singapore - would be no surprise if he is shopping the club around Asia.
Was it not already reported, in the telegraph I believe, that tinks has John Singleton shopping us around for him.
****s are coming last and are offended the bloke putting in the $$ criticises their incompetence. FFSNEWCASTLE Knights players have been receiving abusive text messages from tyrannical owner Nathan Tinkler’s phone.
Only days away from being forced to hand back Newcastle’s NRL licence after a spectacular collapse as club owner, The Daily Telegraph can reveal some players have been receiving the out-of-line text messages for most of this season.
Currently one of rugby league’s most-loathed individuals, Tinkler’s reputation is poised to take a further hammering amid revelations the one-time billionaire’s phone was used to brand players “soft” and claim the club has “no heart”.
The Daily Telegraph has been told out-of-form fullback Darius Boyd has been one player who has come under fire in the text messages, including one message which insinuated the Queensland and Australian representative could be traded prior to the NRL’s June 30 transfer window.
Another player who has regularly received text messages being critical of the club and other teammates is star five-eighth Jarrod Mullen, with other senior players also believed to have been on the receiving end.
The messages were being sent as early as round two this season, with the Knights losing their opening three games of the year to Penrith, Canberra and Melbourne. The Daily Telegraph has been told the texts continued until recently.
The failed Knights owner promised to turn Newcastle into an NRL superpower when he privatised the traditionally blue-collar club in 2011.
But the Newcastle community’s patience for the tycoon’s litany of excuses about late payments to players and staff has finally run out, with the NRL poised to end the ownership feud early next week.
Contacted about the text messages, Tinkler’s right-hand man from Hunter Sports Group, Troy Palmer, said via text message: “I assume you have evidence of this as this is a serious allegation and will take whatever action available.
“Nathan has always had an excellent relationship with players. They love him. You obviously haven’t heard about how he visited Alex (McKinnon) last week a day before his ICAC hearing and helped Alex with the first movement of his legs.”
The ironic element of the messages to Boyd is the fact the Newcastle fullback is owed a $200,000 third-party payment and is fuming about the way he’s been treated.
Boyd has a get-out clause in his contract if supercoach Wayne Bennett is no longer the Newcastle coach, which appears an increasingly likely scenario given the seven-time premiership-winner’s contract is with Tinkler’s Hunter Sports Group.
Troubled owner Nathan Tinkler is set to relinquish control of the Newcastle Knights this week,after the Knights Members Club called for Tinkler's Hunter Sports Group to transfer assets back to the members
The Knights ownership dispute is expected to finally be brought to a head early next week, with the NRL head of club services Tony Crawford in continued negotiations with Tinkler, HSG and the Knights Members Club.
The Knights Members Club have been attempting to exercise their right to buy the club back for $1 for the past month, with the terms of the privatisation contract stipulating it must come debt-free.
A crucial element of the handover to the Members Club is also the $10.52 million Westpac bank guarantee.
Given the way Tinkler has chosen to do business at the Knights, there are fears the club’s level of debt could greater than previously thought.
This is most likely what the NRL has been attempting to resolve for the past eight weeks, when all parties involved have been gagged from speaking publicly.
Tinks calling it as he sees it and telling it like it is.
How can the whinge about being told they are crap when clearly they are indeed crap.
No icac investigation needed to show the text messages were bang on and the brave fearless warriors of the national rugby league should grow a ****ing pair of testicles and accept some stick from the guy paying their wages.
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