slide rule
Jaws
I can see why they would be frustrated, but if a deal looks to good to be true, it often is.
Nathan Tinkler - what is that stink?
- Thread starter slide rule
- Start date
SharkLabelSociety
Great White
More like a sausage.
I'm reading Marathon Stadium right now - a lot of them seem to believe this is a power move by Jabba to try and get fans to vote out the entire board, leaving him to ride in as the knight in shining armour (bad pun intended).
Me, I just hope we sign Snowy before then.
Mark^Bastard
Great White
Bunch of complete idiots.
I really hope if our club is in a similar position people here will be more reasonable.
That's because its exactly what it is. The current Newy Board were being too difficult, so he wants to get a new mob in there that have ties to him (I'm guessing) and get the deal through with as little cost to him as possible.
And I agree that I just want us to lock up Snowy before it all plays out.
A.Snowden
Jaws
http://www.theherald.com.au/news/lo...-tinkler-withdraws-knights-offer/2082126.aspx
So he may still get in yet. And he has done exactly what he intended to do.
lol good post
Mark^Bastard
Great White
From what I understand there is another deal that the Knights can take up, that sees them remain a club.
Johnno'54
Grey Nurse
After reading the knights board's press release and listening to Rob Tew's statement on this arvo's radio, I think they are quite within their rights to seek further detail on the current (withdrawn) offer.
I get a feeling tonights 6pm meeting of knights fans might take on a mob mentality demanding blood without looking at all the facts with cool heads. This story aint over by a long shot
I get a feeling tonights 6pm meeting of knights fans might take on a mob mentality demanding blood without looking at all the facts with cool heads. This story aint over by a long shot
sharks4ever
Great White
he sounds so dodgy how can you trust a bloke like this
SharkLabelSociety
Great White
You don't have to trust him, just his money.
slide rule
Jaws
I just tuned in to "Talkin Sport" for about 20 mins and there seems to be a lot of angry Knights fans ringing up supporting the Tinkler bid.
Is it just me or does the media seem to be very pro-Tinkler?
Is it just me or does the media seem to be very pro-Tinkler?
WillyInBris
Jaws
I agree tony and I said before what the hell is he up to if he cared that much he wouldn't be pushing so hard Christ not like they are in real financial trouble from what Gallop says so what's the big deal.
From also what I understand and been reading it wasn't a 10 year deal at all they didn't want to have anything to do with the grass root side of things and a number of other things as well like no buy back etc like souths have.
Crowe looks like an absolute white night compared to this goose.
The Knights board just wants the best deal for the members and the club exactly what I would want to be done if I was a supporter/member.
As for the gooses on the nights forum they have little idea like us about the full deal I guess that will come out sooner rather then later see what they sat then lol.
Why was tinkerbell pushing so hard that's the question?
One thing that keeps me laughing is the headline of 100million dollar deal it was never a 100million dollar deal he was only going to pay the difference.
Last edited:
FLEETY
Tiger Shark
The Knights are saying that their sponsorship, as defined in the documents, is currently $10 million p.a., so their members seem really keen to potentially sell off the rights to their club for a measly $3 million :ridiculed
A.Snowden
Jaws
**** the ****!
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Nathan Tinkler's patience with Newcastle Knights runs out
Nathan Tinkler's patience with Newcastle Knights runs out
UPDATED Stuart Honeysett
February 21, 2011 4:59PM
MINING magnate Nathan Tinkler has pulled the plug on his propsed $100 million takeover of the Newcastle Knights.
Tinkler was scheduled to meet Knights directors at 2pm today but has withdrawn from the talks.
Knights chief executive Steve Burraston and chairman Robert Tew attempted to put a positive spin on the situation when they addressed the media this afternoon.
Tinkler's decision to withdraw the offer came after the Knights issued a statement yesterday challenging it on three points including a guaranteed $10 million guaranteed sponsorship over 10 years, a fair buy back option, and a commitment to junior development in the area.
Tinkler, who has interests in the Newcastle Jets and horse racing, had grown frustrated over the club's procrastination over his offer which was made last month and agreed to in principle by the board and had imposed a deadline of today to accept it or move on.
The decision could also have ramifications for Cronulla prop Kade Snowden who knocked back an offer from the Sharks at the 11th hour last week after allegedly fielding a call from Tinkler to come and join the Knights.
NRL chief executive David Gallop said today he had little concern for the future of the Knights despite the withdrawal of Tinkler’s offer.
“The Knights are going into a new stadium, they are a big part of the community up there - so this isn't something where we would be suggesting that this has put them in any financial trouble,” Gallop said.
Asked whether he was disappointed by the prospect of someone with Tinkler's wealth walking away from rugby league, Gallop said:
“Obviously anyone with deep pockets who wants to get involved in rugby league has got a certain attraction to us, but whether that is a deal that is going to tick all the boxes for the Knights is not for us to say.
“At this stage it's very much been an issue between the Tinkler group and the Knights, obviously the detail was being worked through.
“We are not forcing private ownership on any of our clubs - it's obviously something the game embraced a long time ago and it's been successful by and large in the areas that have embraced it - it's a wait and see at this stage for us.”
Source: http://news.google.com/news/url?sa=...knights-runs-out/story-e6frg7mf-1226009401550
Source: http://news.google.com/news/url?sa=...knights-runs-out/story-e6frg7mf-1226009401550
Nathan Tinkler's patience with Newcastle Knights runs out
UPDATED Stuart Honeysett
February 21, 2011 4:59PM
MINING magnate Nathan Tinkler has pulled the plug on his propsed $100 million takeover of the Newcastle Knights.
Tinkler was scheduled to meet Knights directors at 2pm today but has withdrawn from the talks.
Knights chief executive Steve Burraston and chairman Robert Tew attempted to put a positive spin on the situation when they addressed the media this afternoon.
Tinkler's decision to withdraw the offer came after the Knights issued a statement yesterday challenging it on three points including a guaranteed $10 million guaranteed sponsorship over 10 years, a fair buy back option, and a commitment to junior development in the area.
Tinkler, who has interests in the Newcastle Jets and horse racing, had grown frustrated over the club's procrastination over his offer which was made last month and agreed to in principle by the board and had imposed a deadline of today to accept it or move on.
The decision could also have ramifications for Cronulla prop Kade Snowden who knocked back an offer from the Sharks at the 11th hour last week after allegedly fielding a call from Tinkler to come and join the Knights.
NRL chief executive David Gallop said today he had little concern for the future of the Knights despite the withdrawal of Tinkler’s offer.
“The Knights are going into a new stadium, they are a big part of the community up there - so this isn't something where we would be suggesting that this has put them in any financial trouble,” Gallop said.
Asked whether he was disappointed by the prospect of someone with Tinkler's wealth walking away from rugby league, Gallop said:
“Obviously anyone with deep pockets who wants to get involved in rugby league has got a certain attraction to us, but whether that is a deal that is going to tick all the boxes for the Knights is not for us to say.
“At this stage it's very much been an issue between the Tinkler group and the Knights, obviously the detail was being worked through.
“We are not forcing private ownership on any of our clubs - it's obviously something the game embraced a long time ago and it's been successful by and large in the areas that have embraced it - it's a wait and see at this stage for us.”
Source: http://news.google.com/news/url?sa=...knights-runs-out/story-e6frg7mf-1226009401550
Source: http://news.google.com/news/url?sa=...knights-runs-out/story-e6frg7mf-1226009401550
WillyInBris
Jaws
Ok I have just wrapped my head in tin foil so listen to this something I have been thinking since lunch today.
So Tinkabell wanted everything no member votes no questions no buy back for the members no voting on relocation etc etc etc.
JOHN Singleton wants a league team at Bluetongue.
Tinkabell and Singo are mates apparently.
Hmmm me ya wana think that maday needs more tin foil eh
So Tinkabell wanted everything no member votes no questions no buy back for the members no voting on relocation etc etc etc.
JOHN Singleton wants a league team at Bluetongue.
Tinkabell and Singo are mates apparently.
Hmmm me ya wana think that maday needs more tin foil eh
Rapture_Shark
Oceanic Whitetip Shark
agreed
Ok I have just wrapped my head in tin foil so listen to this something I have been thinking since lunch today.
So Tinkabell wanted everything no member votes no questions no buy back for the members no voting on relocation etc etc etc.
JOHN Singleton wants a league team at Bluetongue.
Tinkabell and Singo are mates apparently.
Hmmm me ya wana think that maday needs more tin foil eh
I have another theory - Kade was played big time. He has the offer in to Newy to buy the club, the board are not rushing, so he throws snowden a line, as if to say "look what I can do for this club". It didnt matter that he couldnt do it (for obvious cap reasons), it was the fact that Kade stopped his signing and everybody new about it and this fact could be used to persuade the current board. Then he throws Idris into the mix, again it doesnt matter if he could do it or not, it was the fact that if he owned the club these are the type of things he could do and attract this type of personnel. I think Newy saw threw the plan and went with their heads and with the clubs interest as the priority.
I would not be surprised if the next step is to get some celebrities on board, spruke for him, maybe the johns brothers, and then persuade a meeting in with a mutiny in mind, low and behold a new board is elected and bingo he buys the club.
I cant see how the reports with Kade still unsure are accurate, he has got what out of him what he wanted and now it would seem the wheels are in motion for phase 2 - overthrowing the board. Kade and Idris are kind of irrelevant now.
then again I could be reading into it too much!!!
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I want Wayne Bennett, reveals Nathan Tinkler
I want Wayne Bennett, reveals Nathan Tinkler
EXCLUSIVE by Paul Crawley
February 22, 2011 12:00AM
JUST hours after withdrawing his offer to buy the Newcastle Knights, mining magnate Nathan Tinkler issued a highly charged message to Knights fans that indicated his fight for the club is a long way from over.
In an explosive interview with The Daily Telegraph, Tinkler admitted for the first time he did call Cronulla's Kade Snowden last week and that he advised the former Newcastle Knights junior not to sign a contract until the end of the season.
Tinkler also confirmed his interest in Bulldogs sensation Jamal Idris - and backed himself as the man who could lure supercoach Wayne Bennett to the Knights.
"I think I could be very persuasive with him [Bennett]," Tinkler said.
On Idris, he said: "Show me a coach who doesn't want Idris and I will show you a liar."The Knights are in crisis with members last night gathering at a Newcastle pub - furious that the club's dithering has chased Tinkler's money away.
***
SOME people have suggested Newcastle chairman Robbie Tew and CEO Steve Burraston are simply trying to save their own necks rather than do what's best for the Knights. How do you see it?
They are playing real-life fantasy league. They do not keep their board informed and they are the only two people who make decisions at the club. It is not a community club. I was proposing this transaction for the benefit of the Newcastle community. We are involved in a range of other community projects with groups who are keen to work with us and we will devote our attention towards them in future.
Have you given up on taking over the Knights? Will you ever walk away from the club?
My offer has been rejected. I have not walked away but the Knights' proposal is not capable of acceptance. There are plenty of other charities and sporting groups that appreciate our support and will benefit from this. We look forward to working with them.
Is it now up to the members to get rid of the board?
That is not my call.
You said previously you could not understand how a city that exports 40 per cent of the state's wealth still struggles to finance a footy team. You said it was incomprehensible, not exactly a ringing endorsement for the current management structure. Can you comprehend the negative campaign Tew and Burraston appear to have mounted against your takeover bid?
It has been disappointing but the Knights have a long tradition of not being able to help themselves. I believe the community deserves better.
Are you sick of dealing with them?
They appear to be solely focused on disaster scenarios. I am surprised they dare go outside.
What has been the most frustrating aspect for you during this whole process?
The lack of commercial awareness and the poor advice the Knights are being given. This transaction has proven to be beyond them and their legal advisers as we have seen from their statements.
Do you feel there have been deliberate hurdles to block your deal?
Messrs Tew and Burraston appear to be the only ones involved in any decision-making process. Everyone else is in the dark. I am certain they knew their proposed changes to our offer of assistance were not capable of being accepted. This scenario has gone to plan for them.
Do you think their constant questions are in the best interests of the club?
I believe our offer would be accepted by nearly any other NRL club. It was an offer that I wanted the community and members to see as very good value and guaranteeing the future and success of the club for the region. My mistake was probably not guaranteeing Tew's and Burraston's future involvement at the club.
Why do you want to be involved in the Knights?
The Knights are a massive part of the fabric of Newcastle. I believe the community deserves to have a strong competitive club that is well managed and capable of winning premierships - not struggling to survive with the aim of making the semi-finals. To play for the Knights and be involved with the club should be considered a privilege. I think you only get that from developing junior talent and this management has not given our community much to cheer about, on or off the paddock.
What do you say to claims you haven't been open and honest in the offer you have made to the members?
I am very comfortable with the conduct of myself and my team. The best interests of the Newcastle community have always been at the top of our agenda. Clearly, offering to underwrite club sponsorship, develop junior talent and ploughing all profits from the club back into its junior development is not good enough for these guys.
Would you back yourself to turn the Knights into an NRL super club if you were given the green light?
Absolutely. The Knights need to rid themselves of their cannibalistic culture of infighting and struggling. It's not a happy club and that culture needs to be reinvigorated. There is a reason we can't attract talent to the club under its current management.
Kade Snowden. Did you ring him last week to talk about returning to Newcastle? Have you spoken to him at all?
Yes I did. I didn't tell anyone. I don't need permission to use a phone and local talent should always be first priority. I believe he will be the best prop in the game for the next five years, and as a local talent he belongs in Newcastle. Kade would sweat for the blue and red like Chief, Sarge, Butts and other great front-rowers for the Knights. I don't believe kids grow up aspiring to play outside their local NRL team, so he should return home and play for the Knights.
Was an offer ever made on your behalf?
No. I just asked, what's the hurry? I didn't realise he was being pushed to sign a new deal and had no clue the Knights had walked away from signing him. Kade should wait till the end of the year. His price is only going up.
Would you like to see him back at Newcastle?
All Knights supporters should. It would scare all clubs for us to get Kade back because it would give us an enforcer again. We haven't had one since Craig Smith retired but we can produce one. The Chief, Sarge, Butts were all great hard men for Newcastle who the community still honour today. Kade is of that ilk and can be that for Newcastle for the next five to six years.
Is your vision to have as many home-grown players back playing for the Knights?
Absolutely. Name me the last local player to come through the Newcastle competition or Group 19, Group 21 or Group 3? We even let talent like Inglis, Idris and co escape. We have established a strong culture of beating ourselves when it comes to developing talent. Andrew Johns playing reserve grade straight out of school might have been pushed out of the club under this management. Kade Snowden was playing front row in first-grade at 19 and they still couldn't keep him? One of the only guys to move on, why? Because he could attract another club. The Knights get left with the rest and that's why we struggle.
Can you understand why Newcastle's current board would want it any other way?
Winning is a culture - you either have it or you don't. They don't.
What about Jamal Idris. Would you like to see him in Knights colours?
Show me an NRL coach that doesn't want Idris and I will show you a liar.
There has also been speculation you'd like Wayne Bennett on board. True or false?
Who wouldn't? Any coach needs cattle and I would not be confident Wayne would take this squad on. He is a master coach and a master at identifying talent. You can't make a silk purse out of a sow's ear though and while coaching the likes of Kurt Gidley must be appealing to him, I am not sure he would be attracted to the current roster. Why take that on when you are a legend of the game whose legacy will be talked about for generations and you have your pick of nearly any club in the competition? Having said that, I think I could be very persuasive with him!
I read recently that Russell Crowe had actually advised you against trying to get involved with an NRL club. Do you wish you had taken his advice?
His advice to not get involved was personal but, like Russell, my offer was an act of community and about giving something back. Russell and his management team have made a really positive difference to that club and that community and they should be congratulated. They don't have a premiership yet but they are already winning.
Would you like to meet face to face with the fans and the members to explain your proposal?
I have met with many already. Unfortunately, members can't accept the offer unless it is proposed by the board. I think we have wasted enough time. I think the whole thing is very unfortunate. Let's get on with running 10th! Looking forward to the season.
How do you respond to claims by Tew that your final offer to buy the club was a "pale imitation" of the $100 million bid initially proposed last month? Tew also claimed you had moved the goalposts before withdrawing the offer to buy out the club.
The Tinkler Group has responded to the claims of Newcastle Knights chairman Rob Tew. We stand by the $10 million per year commitment in sponsorship and corporate hospitality guaranteed over 10 years to the club as presented last month. There have been no material variations to the offer and it is now clear that Mr Tew did not understand the original offer. As we presented to the board, TSG was prepared to underwrite the difference between the annual sponsorship of the club each year and the $10 million each year. Our offer and guarantee make no mention of membership or ticketing revenue. It is unfortunate Mr Tew has sought to misrepresent our offer and indicates he is not interested or capable of determining the value of our proposed commitment.
Source:http://news.google.com/news/url?sa=...s-nathan-tinkler/story-e6frexnr-1226009709075
I want Wayne Bennett, reveals Nathan Tinkler
EXCLUSIVE by Paul Crawley
February 22, 2011 12:00AM
JUST hours after withdrawing his offer to buy the Newcastle Knights, mining magnate Nathan Tinkler issued a highly charged message to Knights fans that indicated his fight for the club is a long way from over.
In an explosive interview with The Daily Telegraph, Tinkler admitted for the first time he did call Cronulla's Kade Snowden last week and that he advised the former Newcastle Knights junior not to sign a contract until the end of the season.
Tinkler also confirmed his interest in Bulldogs sensation Jamal Idris - and backed himself as the man who could lure supercoach Wayne Bennett to the Knights.
"I think I could be very persuasive with him [Bennett]," Tinkler said.
On Idris, he said: "Show me a coach who doesn't want Idris and I will show you a liar."The Knights are in crisis with members last night gathering at a Newcastle pub - furious that the club's dithering has chased Tinkler's money away.
***
SOME people have suggested Newcastle chairman Robbie Tew and CEO Steve Burraston are simply trying to save their own necks rather than do what's best for the Knights. How do you see it?
They are playing real-life fantasy league. They do not keep their board informed and they are the only two people who make decisions at the club. It is not a community club. I was proposing this transaction for the benefit of the Newcastle community. We are involved in a range of other community projects with groups who are keen to work with us and we will devote our attention towards them in future.
Have you given up on taking over the Knights? Will you ever walk away from the club?
My offer has been rejected. I have not walked away but the Knights' proposal is not capable of acceptance. There are plenty of other charities and sporting groups that appreciate our support and will benefit from this. We look forward to working with them.
Is it now up to the members to get rid of the board?
That is not my call.
You said previously you could not understand how a city that exports 40 per cent of the state's wealth still struggles to finance a footy team. You said it was incomprehensible, not exactly a ringing endorsement for the current management structure. Can you comprehend the negative campaign Tew and Burraston appear to have mounted against your takeover bid?
It has been disappointing but the Knights have a long tradition of not being able to help themselves. I believe the community deserves better.
Are you sick of dealing with them?
They appear to be solely focused on disaster scenarios. I am surprised they dare go outside.
What has been the most frustrating aspect for you during this whole process?
The lack of commercial awareness and the poor advice the Knights are being given. This transaction has proven to be beyond them and their legal advisers as we have seen from their statements.
Do you feel there have been deliberate hurdles to block your deal?
Messrs Tew and Burraston appear to be the only ones involved in any decision-making process. Everyone else is in the dark. I am certain they knew their proposed changes to our offer of assistance were not capable of being accepted. This scenario has gone to plan for them.
Do you think their constant questions are in the best interests of the club?
I believe our offer would be accepted by nearly any other NRL club. It was an offer that I wanted the community and members to see as very good value and guaranteeing the future and success of the club for the region. My mistake was probably not guaranteeing Tew's and Burraston's future involvement at the club.
Why do you want to be involved in the Knights?
The Knights are a massive part of the fabric of Newcastle. I believe the community deserves to have a strong competitive club that is well managed and capable of winning premierships - not struggling to survive with the aim of making the semi-finals. To play for the Knights and be involved with the club should be considered a privilege. I think you only get that from developing junior talent and this management has not given our community much to cheer about, on or off the paddock.
What do you say to claims you haven't been open and honest in the offer you have made to the members?
I am very comfortable with the conduct of myself and my team. The best interests of the Newcastle community have always been at the top of our agenda. Clearly, offering to underwrite club sponsorship, develop junior talent and ploughing all profits from the club back into its junior development is not good enough for these guys.
Would you back yourself to turn the Knights into an NRL super club if you were given the green light?
Absolutely. The Knights need to rid themselves of their cannibalistic culture of infighting and struggling. It's not a happy club and that culture needs to be reinvigorated. There is a reason we can't attract talent to the club under its current management.
Kade Snowden. Did you ring him last week to talk about returning to Newcastle? Have you spoken to him at all?
Yes I did. I didn't tell anyone. I don't need permission to use a phone and local talent should always be first priority. I believe he will be the best prop in the game for the next five years, and as a local talent he belongs in Newcastle. Kade would sweat for the blue and red like Chief, Sarge, Butts and other great front-rowers for the Knights. I don't believe kids grow up aspiring to play outside their local NRL team, so he should return home and play for the Knights.
Was an offer ever made on your behalf?
No. I just asked, what's the hurry? I didn't realise he was being pushed to sign a new deal and had no clue the Knights had walked away from signing him. Kade should wait till the end of the year. His price is only going up.
Would you like to see him back at Newcastle?
All Knights supporters should. It would scare all clubs for us to get Kade back because it would give us an enforcer again. We haven't had one since Craig Smith retired but we can produce one. The Chief, Sarge, Butts were all great hard men for Newcastle who the community still honour today. Kade is of that ilk and can be that for Newcastle for the next five to six years.
Is your vision to have as many home-grown players back playing for the Knights?
Absolutely. Name me the last local player to come through the Newcastle competition or Group 19, Group 21 or Group 3? We even let talent like Inglis, Idris and co escape. We have established a strong culture of beating ourselves when it comes to developing talent. Andrew Johns playing reserve grade straight out of school might have been pushed out of the club under this management. Kade Snowden was playing front row in first-grade at 19 and they still couldn't keep him? One of the only guys to move on, why? Because he could attract another club. The Knights get left with the rest and that's why we struggle.
Can you understand why Newcastle's current board would want it any other way?
Winning is a culture - you either have it or you don't. They don't.
What about Jamal Idris. Would you like to see him in Knights colours?
Show me an NRL coach that doesn't want Idris and I will show you a liar.
There has also been speculation you'd like Wayne Bennett on board. True or false?
Who wouldn't? Any coach needs cattle and I would not be confident Wayne would take this squad on. He is a master coach and a master at identifying talent. You can't make a silk purse out of a sow's ear though and while coaching the likes of Kurt Gidley must be appealing to him, I am not sure he would be attracted to the current roster. Why take that on when you are a legend of the game whose legacy will be talked about for generations and you have your pick of nearly any club in the competition? Having said that, I think I could be very persuasive with him!
I read recently that Russell Crowe had actually advised you against trying to get involved with an NRL club. Do you wish you had taken his advice?
His advice to not get involved was personal but, like Russell, my offer was an act of community and about giving something back. Russell and his management team have made a really positive difference to that club and that community and they should be congratulated. They don't have a premiership yet but they are already winning.
Would you like to meet face to face with the fans and the members to explain your proposal?
I have met with many already. Unfortunately, members can't accept the offer unless it is proposed by the board. I think we have wasted enough time. I think the whole thing is very unfortunate. Let's get on with running 10th! Looking forward to the season.
How do you respond to claims by Tew that your final offer to buy the club was a "pale imitation" of the $100 million bid initially proposed last month? Tew also claimed you had moved the goalposts before withdrawing the offer to buy out the club.
The Tinkler Group has responded to the claims of Newcastle Knights chairman Rob Tew. We stand by the $10 million per year commitment in sponsorship and corporate hospitality guaranteed over 10 years to the club as presented last month. There have been no material variations to the offer and it is now clear that Mr Tew did not understand the original offer. As we presented to the board, TSG was prepared to underwrite the difference between the annual sponsorship of the club each year and the $10 million each year. Our offer and guarantee make no mention of membership or ticketing revenue. It is unfortunate Mr Tew has sought to misrepresent our offer and indicates he is not interested or capable of determining the value of our proposed commitment.
Source:http://news.google.com/news/url?sa=...s-nathan-tinkler/story-e6frexnr-1226009709075