Cumberland Throw
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By this logic can no news limited workers bet on the nrl.
As their company owns part of broncos ??
As their company owns part of broncos ??
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Newcastle Knights owner Nathan Tinkler cleared over bet on his own club
- Dean Ritchie
- The Daily Telegraph
- July 31, 2013 12:00AM
KNIGHTS owner Nathan Tinkler has been cleared of breaking strict NRL betting rules because he reported his punting to then CEO David Gallop.
According to a claim made by Luxbet in the Northern Territory Supreme Court in January, Tinkler plunged $25,000 on Newcastle in a match against New Zealand Warriors at Mount Smart Stadium on August 13, 2011, eight days after he assumed formal ownership of the Knights.
NRL rules strictly prohibit any club official betting on rugby league, with the NRL launching an investigation on Tuesday night.
The ex-billionaire - or the Newcastle club - faced severe punishment, ranging from a heavy fine to a suspended licence, if a breach was proven. But the NRL on Wednesday decided no further action was warranted.
"Inquiries today revealed that Mr Tinkler had reported the bet to then Chief Executive, Mr David Gallop, in 2011 explaining that he had been unaware of the rule preventing an owner from betting and an undertaking was secured that he would not bet on games in the future," the NRL said in a statement.
"Inquiries with Newcastle, Mr Tinkler and Mr Gallop today have confirmed these events.
"A check on betting records today suggests that there is no evidence that would indicate any gambling by Mr Tinkler on the Knights since that point."
After leading early, Newcastle eventually lost the game in question 20-12, Tinkler blowing his cash.
Coach Wayne Bennett's future at the club would have been in jeopardy if Tinkler's licence was suspended. Bennett's deal is understood to be with Tinkler, not the Knights.
One rival NRL official was shocked to hear about Tinkler's bet on Newcastle.
"He knows the rules, everyone in the game knows the rules," he said.
"The code of conduct is black and white - no betting on the games. The NRL will have no choice but to come down hard on him."
The Daily Telegraph reported Tuesday that Tinkler's failure to pay debts prompted Luxbet to sue him in the Northern Territory Supreme Court in January, chasing $179,200.
Court documents obtained by The Daily Telegraph reveal Tinkler, the embattled businessman, was outlaying up to $200,000 a bet on horse races during a three-year spree.
He found few winners.
In April this year, Bennett said Tinkler was committed to the Knights despite his owner offloading the Patinack Farm horse racing operation.
:lol:
