Mining magnate Nathan Tinkler puts A-League club Newcastle Jets up for sale


AFTER months of speculation the Newcastle Jets have confirmed the club is up for sale following Nathan Tinkler’s decision to pull out of all his sporting interests.

The controversial mining magnate has already relinquished control of NRL club the Newcastle Knights and plans to offload his thoroughbred racing organisation, Patinack Farm, in addition to the Jets.

Jets officials say Tinkler will “continue to underwrite the club and day to day operations until the completion of the sale” and are pleased to retain the full support of Football Federation Australia.

“We have been in discussions with Hunter Sports Group for some time about bringing in additional investment and this process will now be expedited,” said Robbie Middleby, Jets CEO.

“Until the change of ownership is complete, we will continue to execute our plans in preparation for the 2014-15 season. The club has been rebuilt since 2010 and we now have a solid foundation from which to grow.

“We look forward to securing new owners and moving forward with this new chapter.”

FFA has noted the comments from Tinkler regarding the ownership of the Jets, but insist nothing will change from their side.

“FFA continues to have regular, positive dialogue with the Newcastle Jets about operational and business matters,” a spokesman said.

“FFA is comfortable with the Newcastle Jets’ plans for the Hyundai A-League 2014-15 season and beyond.”


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