I don't know why but I get the feeling that if Tinkler ends up taking over the club, the Knights will be hated by many on this forum.
Then again, Tubby Tinkler has already proven that he wants to operate outside the salary cap. Are you willing to follow the agonising path of Storm supporters?
Then again, Tubby Tinkler has already proven that he wants to operate outside the salary cap. Are you willing to follow the agonising path of Storm supporters?
My take on all this, for what it's worth: The main thing in Tinkler's favor is the history of financial troubles the club has had. There are no guarantees if Newcastle has a terrible year (hypothetically) on and off the field, that they won't rack up more debt this year. And if they do Tinkler will be the new Jack Newton: I would have done this, they should have done that. Why can't they all just work together for the good of the club and the town? Hopefully they can work together productively and there is a positive outcome to all of this. (Says the Manly fan who still hates all you Knights for 1997).
I don't know why but I get the feeling that if Tinkler ends up taking over the club, the Knights will be hated by many on this forum.
Very well said Bily.
The Knights are already hated and you still get abused at away games by opposition fans; it's what supporting your team is all about ;-)I don't know why but I get the feeling that if Tinkler ends up taking over the club, the Knights will be hated by many on this forum.
If he engages in these sort of tactics (e.g. Snowden) before he even owns the club, what will he do in the future to ensure that everything goes his way?
Will Tinkler clash with the NRL itself? Will he get offside with other clubs and their fans? Will showing up at an away game with a Knights jersey on result in home fans abusing you?
I'm happy for the team to be successful but not at the cost of being reviled across the NRL.
Of course, what happens will happen, I'll still be a Knights fan.
Why not? It wouldn't be too dissimilar to what Brisbane do and/or did ...Tinkler wont be able to come in and buy the farm back and then some, the NRL has worked damn hard on getting this comp fair, establishing a SC and enforcing it as best they can, if they were going to allow anyone to bend the rules, it would have been the storm in order for them to be successful and gain a foothole in a key developent area
if Tinkles does come into the league, i garentee you the NRL will be all over their contracts and all over their approaches to players and if anything smells fishy, they'll come down hard.
But more does need to be done, the last thing we want is a EPL situation where you've got buckleys chance of winning the comp if your not in the big 3. Im not saying this because canberra is poor, quite the contary, we'd be a big club in a EPL style system, maybe we've not got the money of a Tinkler but we've got plenty to splash... but for the sake of the competition, the NRL needs to find a way to limit the impact a guy like Tinkler can have in terms of buying an all star team..
he has loads of connections, to get loads of players 3rd party deals, but you cant allow him to have TLL, Snowden, Idris, Ennis, etc al, to be on 100k under the cap and another 500k outside it. Thats not what we're about.
Perhaps we need to revisit the points system in conjunction with a SC.
I don't know why but I get the feeling that if Tinkler ends up taking over the club, the Knights will be hated by many on this forum.
If he engages in these sort of tactics (e.g. Snowden) before he even owns the club, what will he do in the future to ensure that everything goes his way?
Will Tinkler clash with the NRL itself? Will he get offside with other clubs and their fans? Will showing up at an away game with a Knights jersey on result in home fans abusing you?
I'm happy for the team to be successful but not at the cost of being reviled across the NRL.
Of course, what happens will happen, I'll still be a Knights fan.
March 30 looming as decision day for Nathan Tinkler takeover of Knights
Barry Toohey
The Daily Telegraph
February 25, 2011
MARCH 30 is looming as decision day for the Newcastle Knights as a deal with mining magnate Nathan Tinkler to take ownership of the NRL club edges closer to reality.
If all goes to plan Tinkler could be the new owner of the club just days before the Knights take on defending premiers St George in the first home game of the season at an upgraded EnergyAustralia Stadium on April 3.
Lawyers for both organisations were working yesterday to finalise a final draft document to take to Knights members after a breakthrough in negotiations on Wednesday.
Two days after withdrawing his $100 million offer for the club and insisting he would not renegotiate again with the existing board, Tinkler had a change of heart, addressing all of the Knights concerns in a revised bid.
The Knights board met on Thursday night and agreed in principle to the re-worded document, opening the door for Tinkler to take over the club.
RELATED COVERAGE
Tinkler threat doesn't scare Bulldogs FoxSports, 1 hour ago
Knights board to ponder Tinkler offer FoxSports, 14 hours ago
Defiant Tinker tables new offer FoxSports, 1 day ago
Another white knight for Newcastle FoxSports, 3 days ago
$100m deal to good to be true - Knights The Daily Telegraph, 3 days ago
Knights chairman Rob Tew said yesterday that provided the draft document was a true reflection of the offer put to his board on Thursday night, there would be an extraordinary meeting of members called. Tinkler will need a 75 per cent majority to vote in favour.
"At this stage, that meeting is likely to be held around March 30 if everything is in order with the new documentation," Tew said yesterday. "We haven't got there yet and it's my understanding lawyers for both parties have been working on that today to get something finalised.
"We are still having a members' information meeting on Monday night where a full history of what has happened over the past month will be outlined."
It's understood Tinkler's revised offer stipulates a guaranteed $10 million a year in sponsorship revenue over a 10-year period, around $3 million more than the club generates now.
He has also guaranteed to pay off the club's accumulated debt, rumoured to be between $3.5 to $4 million.
There are also buy-back and on-sell guarantees in place to protect the rights of club members and Tinkler has upped the ante with his spend on junior development.
A sweetener is a minimum $300,000 a year grant for 10 years to the domestic Newcastle Rugby League competition.
The future of the Patrons Trust financial model the Knights had intended adopting if Tinkler had not come back to the table is in limbo. It will remain a potential option until the Tinkler proposal is officially accepted.