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Nathan Tinkler relinquishes ownership of the Newcastle Knights

Spot On

Coach
Messages
13,910
Souths Loan

Holmes a Court and Crowe gave Souths $6.15 million as a loan, at more than 9 per cent interest, initially due to be paid in September 30, 2012.

Unable to meet payments, the club renegotiated the loan. Repayments are now to begin on October 31, 2015, and continue for the decade after that.

Before renegotiation, if Crowe and Holmes a Court had insisted in calling in the loan - and there is no suggestion they ever would - it almost certainly would have sent the club broke.

Already Holmes a Court's loan has accrued interest of $441,834, while Crowe's loan has accrued interest of $162,000.
 

Loudstrat

Coach
Messages
15,224
That is the deal mate. It might be insane - I actually think it is fair in that if he isn't wanted by the membership he isn't out of pocket.
So basically he gets to own a club for nix? Dont you sell things for Market value usually?
He ponied (pun intended) up the cash to get us out of the shit - some of the terms had to be in his favour.
SOME of the terms? Which terms actually are NOT in his favour?

I bet Max Delmedge was on the same deal!

It is yet more proof that Tinkler is no Knights saviour if he will screw you for every penny he ever put into the place. Yes he paid off debts -but has it escaped you dimwits that he has since accrued MORE DEBTS?


South quip?? Is it fact that Souths have to pay Rusty back 6 million?
For a loan - which they could easily do if the cancel Inglis' KFC tab.

Its hardly everything he has put into the club is it!
 

Loudstrat

Coach
Messages
15,224
Souths Loan

Holmes a Court and Crowe gave Souths $6.15 million as a loan, at more than 9 per cent interest, initially due to be paid in September 30, 2012.

Unable to meet payments, the club renegotiated the loan. Repayments are now to begin on October 31, 2015, and continue for the decade after that.

Before renegotiation, if Crowe and Holmes a Court had insisted in calling in the loan - and there is no suggestion they ever would - it almost certainly would have sent the club broke.

Already Holmes a Court's loan has accrued interest of $441,834, while Crowe's loan has accrued interest of $162,000.
Link?
 

kmav23

Juniors
Messages
2,014
I KMAV/Coastbloked it. There's a heap of info there.


triple_facepalm_by_spottedheart98464-d3kuyp3.png
 

Loudstrat

Coach
Messages
15,224
I KMAV/Coastbloked it. There's a heap of info there.
So how do I access that you dumb f*ck?

And to summarise the Knights position: The only way they can separate from Tinkler is to either a) hope he fails the audit, or b) dies and leaves the Knights to the members club in his will?

In other words, if he passes the audit, you go down with him? :crazy:

h56B6E3F8
 
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Spot On

Coach
Messages
13,910
f**k Loudtwat

You've missed the joke matey.

Google mate, Google. Kmav's best friend and source of all info that is available on Nathan Tinkler. You must have been so uptight and upset at Tinkler's ATO bill that you've missed the running joke that Alex as been perpetuating for weeks now. I thought you were a clever dick?

Christ you're uptight hey!

Tinkler's demise or escape from HIS financial position has nothing to do with me nor does it bother me. Do not care either way. How bout you?
 
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Fire

First Grade
Messages
9,669
Knights fans, if history has taught us anything, it is that they should've stopped Hitler at Munich...

Someone assassinate Tinks!!!
 

Matchball

Bench
Messages
2,971
So how do I access that you dumb f*ck?

And to summarise the Knights position: The only way they can separate from Tinkler is to either a) hope he fails the audit, or b) dies and leaves the Knights to the members club in his will?

In other words, if he passes the audit, you go down with him? :crazy:
]
 

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kmav23

Juniors
Messages
2,014
Knights fans, if history has taught us anything, it is that they should've stopped Hitler at Munich...

Someone assassinate Tinks!!!


someone already put poison in his horse meat....
 
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Spot On

Coach
Messages
13,910
C'mon Kmav Coasty ....

Punctuation and spelling mate. Just Google the words if you don't know how to spell them.
 

Matchball

Bench
Messages
2,971
Come on Matchball... Answer the question. How do we vote him out and end up with all his cash?

Ask the guy with the copy of the contract and attended the members meetings. I havent the ins and outs of the contract.
Did any of you so called supporters get any of the details when this deal went down?

Blinded by the money and Wayne Bennett.
 
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