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http://www.smh.com.au/sport/a-league/tinkler-pulls-plug-on-newcastle-jets-20120410-1wlx9.html
Billionaire owner of the Newcastle Jets, Nathan Tinkler, has decided to return the licence for the A-League franchise immediately to Football Federation Australia.
In a media release from the Hunter Sports Group, CEO Troy Palmer said it was a difficult decision but one forced on HSG by a breakdown in confidence with the FFA.
“As a keen Jets and football fan this has been a tough decision and I am aware the impact this will have on members, players, coaches, fans and the entire football community,” Palmer said.
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“I am particularly saddened for members and supporters who have embraced our community model, which has been accepted in so many areas as a successful and unique way to engage the entire community and build the A-League brand.
“It is also frustrating to have invested so much time, energy and money to save the Jets for the community at short notice and then continually hit road blocks at the FFA.
“It should never be forgotten that when we stepped in to save the club it was insolvent, there were only 500 members, diminishing crowds, minimal community engagement, no merchandise programme and negligible corporate support.
“During the 2011/12 season we believe we turned this around to be seen as leaders in all these areas.
“Unfortunately, having lost confidence in the FFA management and its ability to find a resolution, it is clear we have no other option.
“It is about removing ourselves from an administration in which we have an untenable relationship.”
Read more: http://www.smh.com.au/sport/a-leagu...castle-jets-20120410-1wlx9.html#ixzz1raxkPg9q
In a media release from the Hunter Sports Group, CEO Troy Palmer said it was a difficult decision but one forced on HSG by a breakdown in confidence with the FFA.
“As a keen Jets and football fan this has been a tough decision and I am aware the impact this will have on members, players, coaches, fans and the entire football community,” Palmer said.
Advertisement: Story continues below
“I am particularly saddened for members and supporters who have embraced our community model, which has been accepted in so many areas as a successful and unique way to engage the entire community and build the A-League brand.
“It is also frustrating to have invested so much time, energy and money to save the Jets for the community at short notice and then continually hit road blocks at the FFA.
“It should never be forgotten that when we stepped in to save the club it was insolvent, there were only 500 members, diminishing crowds, minimal community engagement, no merchandise programme and negligible corporate support.
“During the 2011/12 season we believe we turned this around to be seen as leaders in all these areas.
“Unfortunately, having lost confidence in the FFA management and its ability to find a resolution, it is clear we have no other option.
“It is about removing ourselves from an administration in which we have an untenable relationship.”
Read more: http://www.smh.com.au/sport/a-leagu...castle-jets-20120410-1wlx9.html#ixzz1raxkPg9q