Nathan Tinkler relinquishes ownership of the Newcastle Knights

[Generalzod]

Imagine what he could do for your mob. Make it disappear into a black hole I'd imagine.

Imagine that...

 

[Matchball]

Best thing that can happen to the club. Get it back for nothing and debt free.
Not bad for letting some fatty play boss for a few years.

 

[Ausguy]

I've always thought Tinkler is a grubby scumbag. Nothing worse than rich people who treat the working class like crap. Hope he goes broke. Might lose some weight then.

The Rich is the only reason you have a club, id say nothing if i was you.

 

[Ausguy]

Best thing that can happen to the club. Get it back for nothing and debt free.
Not bad for letting some fatty play boss for a few years.

And the future $$ comes from?

 

[BunniesMan]

The Rich is the only reason you have a club, id say nothing if i was you.

Our rich guys don't treat poor people like crap. My point wasn't attacking all rich people, just the scumbag ones.

 

[tumbidragon]

Our rich guys don't treat poor people like crap.

Where's the free dental for souffs members then...

 

[Matchball]

And the future $$ comes from?

Pffffttt. Rack up more debt.

 

[forward pass]

Business as usual... the guy never parts with his money until the last second before he has to. This will be news if he doesn't renew it, until then it's just another witch-hunt from the Knights favourite news outlet.

All of our external audits year on year have shown he has lived up to and exceeded his sponsorship and other financial commitments thus far.

True. But a Bank guarantee is just a guarantee to pay a certain amount if a particular contractual condition arises. It is not actually an exchange of cash.

 

[Ausguy]

Pffffttt. Rack up more debt.

oh well thats ok then.... step 4 ... profit.

 

[El Diablo]

I've always thought Tinkler is a grubby scumbag. Nothing worse than rich people who treat the working class like crap. Hope he goes broke. Might lose some weight then.

Before this was announced I'm pretty sure I remember Tinkler saying this would be his final offer. If they do hold out for more, and he calls their bluff and walks away, that would just be inexcusable on their part and I would not want another cent going their way ever again to specially aid them. The salary cap aswell.

http://www.smh.com.au/rugby-league/...n-with-100m-knights-offer-20110117-19u42.html
Surely if the Knights are braindead enough to knock this offer back then the NRL should never give them any financial help ever again like they did a year or two ago. And we should never not raise the salary cap just for their sake.

This is a no brainer. Surely it's a given that they accept? Thoughts?

Because the size of the losses an NRL team makes, even when their significant for a club, are a drop in the ocean compared to what people like Tinkler make. And they'll be far outweighed by the satisfaction he'll get from trying to turn them into a champion team. Rich people don't buy sporting clubs as a financial investment, it's not for the money, it's for the personal satisfaction, and the glory of winning trophies.

How do I know? Because of common sense. Tinkler has the money to take care of the Knights properly and why wouldn't he. Why would he buy the Knights in the first place just to keep them mediocre. It certainly isn't a financially based decison, it's an emotional one. From what I've heard Tinkler loves the Knights the way Crowe loves Souths, so I'm sure he'd do whatever it takes to make them great.

And it's not as if the Knights are falling over themselves with options. They're not in a great place on or off field, off field they might only be better than Cronulla. I don't see any other rich people offering to buy them. If Tinkler doesn't raise his offer the Knights just get deeper into debt until they have no choice but to accept his offer.

Do you really believe that he wouldn't put any more money into the club? So he's going to spend millions just so they can get along by the skin of their teeth while being continuously mediocre. Look at Souths for an example, the owners financial commitment doesn't begin and end with the money they initially buy the club with.

Tinkler isn't buying this club as a financial move, some financial adviser somewhere is crying at the thought of him buying the club. The guy loves the Knights, if you give him the opportunity he'll give the club everything they need to be one of the best clubs in the league. To get stuck up on a figure as meaningless as the 10m buyout, is beyond ridiculous.

 

[_snafu_]

Haha Bunniesman...

 

[Bulldog Force]

I was against his ownership of the Knights. To all those members who voted in favor of him, hindsight is a wonderful thing, ain't it?

 

[Matchball]

I was against his ownership of the Knights. To all those members who voted in favor of him, hindsight is a wonderful thing, ain't it?

It was a good decision.
He cleared the debt, gave them some hope and will end up with a debt free club back in their hands once he has had enough.

Tigers could do with one of those wasteful fatties.

 

[perverse]

True. But a Bank guarantee is just a guarantee to pay a certain amount if a particular contractual condition arises. It is not actually an exchange of cash.

While that's true, I'm just trying to point out that it isn't out of character for him to do things at the 11th hour. We knew it was going to be a rollercoaster when we voted him in (at least, we did on the forum anyway). One thing I've learned from his ownership thus far is not to worry until things are actually a problem.

If he let's the bank guarantee slip then the members have a buyback option if we wish to take it... and we're back where we started, I guess. We'll need to go shopping for a new major sponsor.

Our club will survive, the NRL isn't going to let it go anywhere, especially now that there are excess funds in the bank.

 

[perverse]

It was a good decision.
He cleared the debt, gave them some hope and will end up with a debt free club back in their hands once he has had enough.

Tigers could do with one of those wasteful fatties.

Exactly this, we're so far ahead of where we were... we'll be in a better position than we were regardless of what happens.

 

[Delboy]

The real question now , is that is Tinkler's financial position stable enough for a Bank to support a guarantee ? the Knights are now in a pretty good situation compared to when he came into the picture

Maybe reverting to original ownership will be good, thanks to Robbie Tew from memory

 

[Slackboy72]

The real question now , is that is Tinkler's financial position stable enough for a Bank to support a guarantee ? the Knights are now in a pretty good situation compared to when he came into the picture

Maybe reverting to original ownership will be good, thanks to Robbie Tew from memory

The real saviour of Newcastle.

 

[BunniesMan]

I remember Tew being mocked at the time. Him digging in for a better deal has done wonders for the Knights.

 

[georgesnmith]

The real question now , is that is Tinkler's financial position stable enough for a Bank to support a guarantee ? the Knights are now in a pretty good situation compared to when he came into the picture

Maybe reverting to original ownership will be good, thanks to Robbie Tew from memory

exactly.

tinkler has cleared off their debts, if he loses control of the knights now it wont be an issue

much like delmege and manly.

as long as the club is run responsibly they should be fine financially

whether they can afford wayne bennett is another thing

 

[Owen Da Saints]

Hey bunniesman, maybe he should start a charity called Newcastle Cares ! :sarcasm: