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NFT - Tinkler Pulls Plug on jets

Messages
3,329
Good points Han. Billionaires seem to be mainly equity based as a rule. It is almost a hypothetical based on market value of their resources etc etc. The mining boom has been a godsend for Tinkler but he is getting twitchy over something. He hates losing.
 

Jubes

Juniors
Messages
282
As a Knights fan who has never lived in Newcastle, I don't understand all the hate between Jets and Knights fans. Can someone fill me in on this?
 
Messages
3,329
A myth that became a reality at the insistence of The Jets fanbase. We are happy to oblige. The bottom line is The Knights are still here and The Jets are not. The FFA will end up in court. They ripped tinkler off. They know it. For some reason people think that it is alright to rip off rich folk who are trying to do the right thing by their community. I believe Tinks thinks the FFA are hiding something and that is his biggest gripe. They are not transparent. He is not confident he is not funding other clubs IMO. He wanted to know other clubs funding details and they said no. Interesting he paid five times what palmer paid.
If you do the maths it is One young brash billionaire against another old billionaire who is more than happy to send business owners broke who don't make rent in his shopping centres. Can't wait to read craig Foster's nausea inducing article this week about how Tinkler betrayed the game. FFA defend Lowy because he is a the only reason they exist. It is unbelievably pathetic to listen to these dribblers like foster and Slater carry on about how soccer should be bigger than AFL and NRL in this country. It will never happen.
 
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Joker's Wild

Coach
Messages
17,894
A myth that became a reality at the insistence of The Jets fanbase. We are happy to oblige. The bottom line is The Knights are still here and The Jets are not. The FFA will end up in court. They ripped tinkler off. They know it. For some reason people think that it is alright to rip off rich folk who are trying to do the right thing by their community. I believe Tinks thinks the FFA are hiding something and that is his biggest gripe. They are not transparent. He is not confident he is not funding other clubs IMO. He wanted to know other clubs funding details and they said no. Interesting he paid five times what palmer paid. If you do the maths it is One young brash billionaire against another old billionaire who is more than happy to send business owners broke who don't make rent in his shopping centres. Can't wait to read craig Foster's nausea inducing article this week about how Tinkler betrayed the game. FFA defend Lowy because he is a the only reason they exist. It is unbelievably pathetic to listen to these dribblers like foster and Slater carry on about how soccer should be bigger than AFL and NRL in this country. It will never happen.

This is the bit that has likely brought it all to a head imo. Hard not to draw a parallel in comparison to how much Souffs "sold" for in comparison to the Knights but I guess the ownership structure is far different in the NRL as opposed to A-League.
 

Goddo

Bench
Messages
4,257
From what I understand, FFA is authoritarian and struggling financially - despite the huge government hand outs they have had for various things (Labor have dug themselves a bit of a hole with soccer).

Lowy (in his 70s) is happy to be in charge but won't put anything into the game (while sitting on Billions), while bleeding the private owners of clubs dry where they can. Meanwhile Buckley is getting a huge salary for doing not a lot..

FFA charge Tinkler a rediculous licence fee for the Jets and refuse to renegotiate because they desperately need the money. They think they contractually have Tinkler in a bind. But Tinks has some legit gripes, so it wll probably be settled in court.

Which other A league clubs are privately owned? Perth (Sage), Adelaide (a couple of SA business men)???? If this goes on it will all fold very very soon.

F- League.
 
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Alex28

Coach
Messages
12,010
The Jets are a basketcase and if Tinkler had the opportunity to do due diligence before buying the club - which he didn't really given he had little time to step in and buy the club - he would never have bought it. The game isn't sustainable - the governing body is more interested in draining funds from the owners and then crying poor when they get sick of throwing away cash.

The guy obviously didn't want Newcastle to lose another sporting club however - after blowing $12 Million on the club only to find he has been ripped off all the way along - he has drawn a line in the sand and stated that enough is enough.

Perhaps rather than going into a lengthy legal battle with a guy who doesn't want to be involved in soccer, the FFA should look at their business model, investigate why so many people are walking away from the game and re-think how it does business.
 
Messages
3,329
Tinkler is all heart IMO. I have absolute faith in the man. He pulled the Jets licence because he realised he is in business with some very amoral human beings. Funny how their first course of action is to threaten legal action for the money Tinks would have to outlay in the contract. No 'We are sorry we overcharged you when you had the goodness in your heart to save a club which was all but dead" to be seen anywhere. Buckley can go suck it. He and Lowy are arrogant and deserve the A League to fall into a heap like the pathetic competition it is.

I say The Knights fans should unite and defend Tinkler to the end. If we do he will see it as affirmation that he is doing the right thing with our club. He saved our arse. We owe him plenty. I am serious. We can't let these media grubs paint him as a villain. Once it becomes apparent we have full faith in him the truth will become less murky. This is our chance to really show we are here for the long haul. The scare tactics won't work.
 

Alex28

Coach
Messages
12,010
It also shows it was worth the pain to make any exit that Tinkler would want to make from the Knights a damn side more painful than an exit from the Jets worth it. Thank god we got the Bank Guarantee - virtually ensures he will hang around.

There are a number of journalists out there with their own varying agendas lining up Tinks to take shots at. Funnily enough the majority of the agendas have nothing to do with the Jets or the A-League...
 

Peppers

Juniors
Messages
258
As a non Novocastrian Knights tragic from day one, I was interested to read the Herald website this morning to try and get a gut feel for the reaction of the town to the Jets saga and more in particular Tinkler. He is copping it deluxe on the comments section.
Can someone from Newy or who visits the Heralds comments section give me an insight into the stance of the paper? Pro or Anti Tinkler and whether or not they are screening the comments to build up an anti Tinkler sentiment.
The other theme emerging is the Jets fans on there lining up to make this all about Rugby League and the Knights. Is the town that divided along the sporting lines?
 

Silent Knight

First Grade
Messages
8,182
As a non Novocastrian Knights tragic from day one, I was interested to read the Herald website this morning to try and get a gut feel for the reaction of the town to the Jets saga and more in particular Tinkler. He is copping it deluxe on the comments section.
Can someone from Newy or who visits the Heralds comments section give me an insight into the stance of the paper? Pro or Anti Tinkler and whether or not they are screening the comments to build up an anti Tinkler sentiment.
The other theme emerging is the Jets fans on there lining up to make this all about Rugby League and the Knights. Is the town that divided along the sporting lines?

I would say the Herald is merely pursuing the same agenda as every other news agency in this country...do what it takes to sell more newspapers. They were very pro-Tinkler and pro- B*tch McKay when it suited them during the initial Knights takeover bid because there was a very strong anti-Burraston sentiment in the community at the time.

Now Tinkler is on the nose and the Herald is releasing articles that talk about the heartache and anguish Jets fans feel now their team has been pulled from the A-League. Purely with the intention to get a rise out of the growing number of Tinkler haters.

They'll plug the same stories again and again if it's bound to get a response. Look at the figs protest, the GPT development and removal of the heavy rail line, anti-social behaviour in the CBD, the Kensington, the Elermore Vale Mosque and Tinkler's coal loader proposal. They've all been done to death. Big news in little hamlet.

It's embarrassing because these supposed "big issues" concerning Newcastle show how petty and backwards thinking our city really is. I sit up in my Brisbane office and just shake my head sometimes. Up here if the local or state government wants something done, they just do it, they don't have to pander to minority groups and nimbys who are arrogant enough to think they speak for the community. Fig trees ffs.

Sorry for the rant. But damn that felt good.
 

Big Tim

First Grade
Messages
6,500
Of course it does, but what annoys me is the fact Tinks cracks the shits when he doesn't get his own way. He did the same thing with the Knights.

Seems he gets the results this way. Bennett has had the same coaching plan for ever, why not the same in business?

As a non Novocastrian Knights tragic from day one, I was interested to read the Herald website this morning to try and get a gut feel for the reaction of the town to the Jets saga and more in particular Tinkler. He is copping it deluxe on the comments section.
Can someone from Newy or who visits the Heralds comments section give me an insight into the stance of the paper? Pro or Anti Tinkler and whether or not they are screening the comments to build up an anti Tinkler sentiment.
The other theme emerging is the Jets fans on there lining up to make this all about Rugby League and the Knights. Is the town that divided along the sporting lines?

Herald will do what it takes to sell papers. Lapping up to those who make the comments is guaranteed revenue.

The Jets fans feel like they are the ugly duckling, and they take any chance to bag the Knights. Jealousy.
 

Peppers

Juniors
Messages
258
I remember having a peek at the Herald website at the time of the Jets / Tinkler takeover and clearly remember the comments from Jets fans proclaiming the end for the Knights and that Tinkler chose to save the Jets etc etc. What a turnaround.
At the end of the day the big fella has given them 18 months more of life than they had in them when Con pulled out.
 
Messages
3,740
A possible -ve for the Knights might be the use of the Stadium. A lot of money has been spent to get it to where it is and without the funds (even though they might be minimal) from the Jets it might see more expense for the Knights or maybe ticket prices going up.

I reckon HSG handing back the Jets contract is partly a ploy with part of the outcome they wanted happening now. If there are fair-dinkum issues with the FAA then they won't be the first team to pull out. Tink doesn't bluff, he acts. He'll be prepared to ditch the Jets but be hoping he initiates changes.

I really think Newcastle can be too one-sided to support two top-tier teams in any sport. It seemed to be working though. Now if HSG would build a new Speedway track the old town would be set. I might even move back.
 

Alex28

Coach
Messages
12,010
Interesting article on the Jets:

http://sportbizinsider.com.au/news/sport/football/sowing-and-reaping/

“Shock.” “Bombshell.” “Crisis.”

Just some of the words used to describe the state of the A-League or its administrators after the announcement yesterday by the Hunter Sports Group (HSG) that they are handing back their license for the Newcastle Jets to FFA.

But is it really?

HSG’s chief executive, Troy Palmer (no relation to Clive), told SEN radio yesterday that Newcastle Jets had tried for 6-9 months to resolve a series of major issues with FFA. In a return serve, Ben Buckley said that he and Frank Lowy had tried to meet with Tinkler and Palmer in recent weeks but the most recently scheduled meeting was cancelled by HSG.

Perhaps that should have been the hint that things were not as they seemed.

It was already known that HSG was annoyed about the different acquisition and licence fees that appear to have been paid by club owners. Troy Palmer referred to this again yesterday when he asked at his media conference why the new Adelaide owners didn’t pay anything when the license for Adelaide United was acquired a month later. What’s the material difference between the Newcastle and Adelaide markets to justify such a significant difference?

It was widely talked about that HSG was not happy that its former Executive Chairman, Ken Edwards – also the former head honcho at ANZ Stadium – was allegedly paid a commission by FFA for brokering the HSG deal that was not disclosed. It was known that FFA CEO Ben Buckley had sought Troy Palmer’s agreement not to proceed with the legal case against FFA in respect of the Jason Culina insurance issue; but Newcastle Jets – along with the Professional Footballers’ Association (PFA) – are adamant that FFA is culpable and Culina needs to be recompensed.

And it was also known that HSG were amongst the advocates for greater autonomy and independence in A-League governance.

All of these matters were troubling HSG Chairman, Nathan Tinkler, and Troy Palmer when they cancelled the meeting with Frank Lowy and Ben Buckley, as it is why the meeting was scheduled in the first place.

So what happened next? Tinkler and Troy Palmer let the season finish, with the Newcastle Jets narrowly missing out on the A-League Finals, and HSG’s representatives duly attended a meeting between A-League club owners and CEOs and FFA on 29 March. Prior to the meeting with FFA, Troy Palmer had been successful in getting the clubs together but was rebuffed on his proposal to make the clubs’ caucus a permanent fixture.

At the meeting with FFA, owners and CEOs were presented another new financial model, which informed them that the combined losses of the clubs in 2011-12 would be around $27 million; and they could expect the same again in 2012-13, until the new broadcast rights deal comes into effect from 1 July 2013. They were also advised that the $250,000 each that clubs were expecting out of their share of the windfall on the sale of Brisbane Roar to the Indonesian Bakrie Group would not be paid because FFA required the $2.25 million to fund the legal case being brought against it by PFA and HSG.

At the same meeting, FFA also sought the views of clubs on establishing a 10th team to replace Gold Coast United in western Sydney. To a man – and yes, they are all men running football in Australia – their response was along the lines of: “Great idea FFA, but please don’t do it in a hurry as you haven’t exactly got a great record in expansion and this is too important to get it wrong.” This discussion was minuted by FFA and circulated to the clubs on 3 April.

The next day FFA heavies made the long trek across town from Darlinghurst to Parklea to join Prime Minister Julia Gillard and her western Sydney MPs to announce the injection of $8 million in funding for football in Sydney’s west. This included $3 million for facilities improvement at NSW Football’s headquarters, $1 million for women’s football and $4 million for junior and game development in the western Sydney region. Buckley also announced the establishment of an A-League team from western Sydney to enter the competition from next season – and to be funded by FFA.

In an e-mail copied to all clubs, Troy Palmer asked FFA why they hadn’t let clubs know of this development at the meeting held four days previously. This led to a series of e-mail exchanges between Palmer and the Head of A-League which other recipients said were, at best, “unedifying” and, at worst, “appalling” from both sides. The CEO of Adelaide United and former St Kilda and Melbourne star in the AFL, Glenn Elliott, tried to be peacemaker to no avail.

But ignoring the colour and drama, and focusing on the substance, Troy Palmer’s question is a fair one especially in light of FFA Chairman, Frank Lowy, declaring after the meeting that: “The spirit of cooperation in today’s meeting shows we have a true partnership between FFA and the clubs.”

However, from Troy Palmer and HSG’s perspective, the partnership was not “true” and it certainly was neither equal nor transparent.

He told a media conference in Newcastle yesterday that HSG had “lost confidence in the senior management of FFA”. He said that there were so many issues now between the parties that they “can’t or won’t be resolved” and HSG was forced to make a decision that they believe is in the best interests of football in the region.

This is not a dissimilar sentiment to Frank Lowy’s when he made his own ‘bombshell’ type departure from football in the 1987, pulling the plug on Sydney City one game into the new season.

“I couldn’t get ahead personally. I had a certain vision for the game and I couldn’t bring it about. The game was in disarray with the leadership. It was run by people who wanted to keep something for themselves and I wanted to make major changes.”

As Tinkler made clear in September 2010, owning a football club was never his priority but junior development and giving kids in the region something to aspire to was.

The HSG announcement yesterday delivered on this and sought to soften the blow of keeping Newcastle Jets’ fans and players stranded without an A-League club by investing $1 million annually in junior development in the region. But, while helpful for mums and dads, it is unlikely to appease Newcastle’s 10,000 members or give much comfort to the players, coaching and other staff employed by HSG.

Newcastle has a strong history in the national competition and in football – not least because of the many British miners who helped build the region in to what it is today. Along with many others, FFA saw Nathan Tinkler and HSG as saviours in 2010 and Buckley says they won’t let them go without a fight.

Based on the case presented by Troy Palmer, it seems it will take a seachange from FFA to ensure that Newcastle is not left unrepresented in the A-League.

He really did get ripped off by everyone concerned with the A-League...
 

aqua_duck

Coach
Messages
18,639
The FFA are a bunch of crooks, led by the biggest crook of all in Lowy and his ex AFL wanker CEO Buckley
 

Alex28

Coach
Messages
12,010
It must have been absolutely gutting to know that someone you trusted enough to employ - and had so much integrity in the sports management industry - actually helped the FFA to rip you off while taking a pay cheque off you. It is no wonder the guy has the attitude that you can trust very few people and that people see him as an open wallet.

Charging him $5 Million for the Jets licence is incredible when the new owners of Adelaide paid nothing, the new Brisbane owners paid about half and the FFA kept it when the club owners were entitled, and the new Western Sydney owners got government assistance to get theirs. They have treated the guy like a bottomless pit of cash - nothing more, nothing less. He has been taken advantage of.

He had the decency to let the club finish their season - that is decent given everything that has happened. I think what he has done is fair enough. Lowy needs to be made accountable for the way the league is run - it isn't sustainable and it appears as long as it isn't his cash, he doesn't particularly care.
 

billy2

Juniors
Messages
2,341
Lowy is a ruthless billionaire.
He took Tinks to school and Tinks didn't like it - but Tinks is just as ruthless - ask all the people he has taken down on his way to the top.
 

Alex28

Coach
Messages
12,010
Is it any wonder given the way he is treated - that he is an open wallet, that people think they can take advantage of him - that he acts the way he does? If you can't trust a guy like Ken Edwards - with his reputation and (alleged) integrity - then who are you going to trust?

I mean the vast majority of comments on the Herald website today are basically "the cash is nothing to him, we are entitled, he's an arsehole". No compassion that he has been taken to the cleaners, no respect for the stand he is taking against the FFA, just entitlement that he should lose millions of dollars for them to have a football club. It is just ridiculous.
 
Messages
3,329
Tinkler is behaving like anyone who gets betrayed does. With anger. He is shy by nature it would appear. He means well. I really think he does. The Jets fans are entitled to be angry but they are directing it at the wrong people. Lowy has shown his true colours. I hope Nathan puts the financial smackdown on this a###hole.
 

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