So...he wants to spend the $10 Million on improving the assets of the club that he is buying with that same $10 Million. So in reality he's committing $10 Million to the club in exchange for taking ownership of it. He wants the club for free in all reality.I was under the impression the $10mil would be spend on improving facilites for the players, like health, equipment etc. that sort of thing.
If the $10 Million was held in trust by the existing Newcastle Knights Football Club and Tinkler spent his own money on improving assets and the club in general that would be a better scenario. That way if the members had to buy the club back we have $10 Million in the bank to do it.