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Nathan Tinkler jettisons A-League licence in Newcastle

Posted on April 11, 2012 09:38 AM

The shock decision, announced at a 10am media conference in Newcastle today, will send shock waves through the sport and the controlling body, Football Federation Australia. The decision comes less than a week after FFA announced it would fund a western Sydney team in next season's A-League and just a month after the head body controversially stripped Gold Coast United owner Clive Palmer of his licence to run that club. Palmer took the head body to court to try and injunct the decision to take the licence off him, but it was turned down. coking coal processing plantThe Gold Coast-based billionaire responded by forming his own soccer body, Football Australia. The potential loss of another A-League club would be disastrous for FFA especially in terms of re-negotiating its next television deal at the end of the year.

Speaking to Fox Sports news, FFA chief executive Ben Buckley said he was bitterly disappointed with the decision and denied claims his organisation had refused to meet with Hunter Sports Group. "We had a meeting with Mr Palmer (Troy) 10 days ago," Buckley said. He added the HSP has a binding contract with the FFA until 2020. Tinkler agreed to a 10-year deal to run the club almost two years ago, paying $10 million for the licence after the head body had stripped former owner Con Constantine of the licence.

However, the leviathan racehorse owner has had a frosty relationship with FFA over the past four months after it was suggested he had paid "over the odds" for the acquisition fee for the Jets. In a statement released today, the HSG, which owns the Jets said: "The HSG has invested almost $12 million since stepping in at short notice to save the ailing club less than 18 months ago."During this period the club has been unable to resolve a variety of issues with the FFA including a $5 million acquisition fee, the Jason Culina insurance matter and continued request to address the competition's unsustainable financial model."These frustrations have been highlighted with the FFA's own report identifying combined club losses in excess of $27 million for the 2012 financial year. Projections of similar losses are forecast for next year.

"The Hunter community has been engaged with family friendly membership packages, increased crowds, major investment in junior development, youth team participating in the local competition, W-League and strong community engagement programmes. The decision to return the club license was made more difficult because of a community model highly regarded by many as a leader in the A-League that features industry best practices.portland cement manufacturing" CEO Troy Palmer said this was "a difficult decision but one forced upon the HSG through an irrevocable breakdown in confidence of the current FFA management and its refusal to provide clear and transparent answers about the Jets acquisition fee and a variety of other issues". "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."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." FFA will now be left with no alternative but to invest its own money to keep the club alive for next season.Tin ore Production Line

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