Tinkler Pulls Out - NBN News reporting

[dutchie]

I think if Tew/Burro's jobs were secured in the deal then they would have no hesitations putting it to the people to vote on.

---------- Post added at 04:18 AM ---------- Previous post was at 04:17 AM ----------

Oh haha just remembered that, the Jets look pretty stupid now in red & blue since Tinkler doesn't & won't own the Knights.

Jets still from Newcastle ;) that dont change.

 

[Frosty]

Ok so if tinklers offer is actually just gaurenteeing the club makes $10mil a year (whether he pays anything or not), he is gaurenteeing the club will make that much per year. If it makes $12mil, profit. If it makes for example $5mil, he foots the other $5.

Currently if the knights are at a loss what happens? They take loans, they get into debt.

So over the next 10 years, the knights may accumulate more debt in their current situation, if tinkler was on board, the knights would have no debt, and a gaurenteed $10mil per year.

I highly doubt he wouldnt pump extra into the club.

There is no doubting that we should be privatising but as a club we will not be bullied and have a gun held to our head demanding privatization just because Tinkler is worth $600 million.

He will follow the the necessary procedures needed to privatise a football club this isn't an overnight thing. Do you really think Russel Crowe walked in with a briefcase full of money and demanded the ownership of South Sydney?

Tinkler needs to pull his head out of his a$#

 

[dutchie]

Someone needs to organise a protest or more importantly a vote of no confidence against the board. Only needing 100 signature to call that vote. I'll gladly put mine down and get my other family members (also members) to put their signature on that peice of paper.

 

[TheRedAfro]

If Tinkler is not willing to have patience and ensure all is well with the contract, he can happily live with knowing that he is not helping the club he supposedly 'loves'.

No man, who is 100% honest and willing to invest that much money in something he is so passionate about, would cancel it and walk away just like that.

A lot of you guys on here are being played for fools, just like Tinkler wants and expects. You're all being used as tools.

Good riddance Tinkler.

 

[Jakee]

Well, that's pretty sh*t :doubt: laters to any thought of Wayne Bennett coming here.

 

[NathanTheRocket]

Someone needs to organise a protest or more importantly a vote of no confidence against the board. Only needing 100 signature to call that vote. I'll gladly put mine down and get my other family members (also members) to put their signature on that peice of paper.

You obviously can't be swayed from this corrupted image of Tinkler giving the knights mountains of cash. Mate, don't you find it a little strange that Tinkler pulled his offer only 24 hours after the board released a statement about their concerns over the fine print. Tinkler obviously didn't have the best interest of the Knights at heart.

 

[Frosty]

Ok so if tinklers offer is actually just gaurenteeing the club makes $10mil a year (whether he pays anything or not), he is gaurenteeing the club will make that much per year. If it makes $12mil, profit. If it makes for example $5mil, he foots the other $5.

Currently if the knights are at a loss what happens? They take loans, they get into debt.

So over the next 10 years, the knights may accumulate more debt in their current situation, if tinkler was on board, the knights would have no debt, and a gaurenteed $10mil per year.

I highly doubt he wouldnt pump extra into the club.

---------- Post added at 04:17 AM ---------- Previous post was at 04:15 AM ----------



Burro/Tew, not letting members vote on tinklers offer..... Yep thats also great management.

They may not like it, but they are two people. What about the 75% of members that a yes is needed from?

Give the members a chance to vote, if members say no, then of course its a no, but if its a yes, then who gives two hoots what burro/tew think.

Because like you, members are easily influenced by a little thing called money.. But behind the $$$ there is always a catch. The catches in Tinkler's documentation could have easily come back to bite Newcastle in the a$#. Burraston and Tew were only trying to fine tune the details before letting the members vote. This was to avoid any premature mistakes. If Tinkler had of just waited a few weeks or even attended the meeting today at 2pm to iron out the final aspects of the deal then we would not be having this conversation.

But because he has $600 million and everyone is of the belief Newcastle need him he decided he didn't have to follow ordinary procedure. Well bad luck for him he just lost his chance to run this club. Move on to the next bidder.

---------- Post added at 03:29 PM ---------- Previous post was at 03:28 PM ----------

You obviously can't be swayed from this corrupted image of Tinkler giving the knights mountains of cash. Mate, don't you find it a little strange that Tinkler pulled his offer only 24 hours after the board released a statement about their concerns over the fine print. Tinkler obviously didn't have the best interest of the Knights at heart.

Bingo +rep

 

[dutchie]

Actually it has nothing to do with tinkler and his money. At the end of the day our current board are incompetent, end of.

We have one camp on tinklers side, and the other camp, on burro/tews side.

No i can see it now, tinkler just wants the knights as a mantle peice trophy in his portfolio. He's got horses, raceteam, mines, soccer club, other sporting areas, all he actually wanted from this was to cross of a thing on his to do list, and add a page to his portfolio without actually having any consideration for anything or anyone.

---------- Post added at 04:31 AM ---------- Previous post was at 04:29 AM ----------

Why not just let the members vote as is? It is burro/tew that pick and choose what we vote on. Whether we like it or not.

If we the members voted on this current deal, that is our choice, our right,m if it was wrong it was wrong, if it was right it was right. Live and learn.

 

[Magumba]

I think if Tew/Burro's jobs were secured in the deal then they would have no hesitations putting it to the people to vote on.

Honestly, Tew and Burro have balls made of steel. They new that by wanting what they believed was in the best interest for the club they would come under fire.... But they still did it. They have guts. Im glad they are running the club and not the half wits on this forum !!!!!

 

[TheRedAfro]

But honestly guys, take a good hard look if you're asking for the boards head:

• Tew and Burro wanted to ensure Junior development and a member buy back scheme into the contract as a legally binding document
• A perfectly reasonable request seeing as this man is going to control it all
• Tinkler wanted none of it

Want some more?

• The TSG wanted to calculate all revenue, including ticketing and membership, in its definition of ''sponsorship income''
• This total is > $10m
• This means he'd be getting the club for free essentially.

Guaranteeing the club $10m in revenue =/= profit.

We dodged a bullet today.

Bring on the details of the private trust.

 

[dutchie]

They have fears of loosing this job/position/power.

 

[Frosty]

We have one camp on tinklers side, and the other camp, on burro/tews side.

Exactly my point.. it shouldn't be us v.s them

Don't you think its important that the owner of the club runs in conjunction with the board of the club? And before you answer that question.. Tinkler owing the club then sacking Burro & Tew and installing puppets doesn't count.

 

[dutchie]

why not give us both documents (patrons and tinklers) and let us decide which is best???

Now its only the patrons model we are going to be offered.

Not much of a voting right if you ask me.

 

[Frosty]

I think if Tew/Burro's jobs were secured in the deal then they would have no hesitations putting it to the people to vote on.

Honestly, Tew and Burro have balls made of steel. They new that by wanting what they believed was in the best interest for the club they would come under fire.... But they still did it. They have guts. Im glad they are running the club and not the half wits on this forum !!!!!

Dam straight!

 

[OneblueoneRedEye]

Has anyone got John Singleton's phone number?

 

[Frosty]

But honestly guys, take a good hard look if you're asking for the boards head:

• Tew and Burro wanted to ensure Junior development and a member buy back scheme into the contract as a legally binding document
• A perfectly reasonable request seeing as this man is going to control it all
• Tinkler wanted none of it

Want some more?

• The TSG wanted to calculate all revenue, including ticketing and membership, in its definition of ''sponsorship income''
• This total is > $10m
• This means he'd be getting the club for free essentially.

Guaranteeing the club $10m in revenue =/= profit.

We dodged a bullet today.

Bring on the details of the private trust.

Here, Here!

 

[Joshhh]

I understand all of your guy's opinions, it's just i am ****ed that now we won't be able to get anyone like Bennett or possibly TLL or anyone their calibre now.

 

[Jonno]

i think it is mate, he has the money and there is plenty more things to buy now. he doesnt need the knights he has hundreds of race horse a share in v8 supercars an A- league team plus much more on his plate. he is more than likely going to forget the knights , and that is going to be a big blow to the finances of this once great club.

Yeh, but the Knights are the one club he is so desparetly after, without them he can't be the Lord of Newcastle Sport.

struggling (no jonno I'm not having a go at the board) but we need to look at where an injection of funds could come from.

Im far from convinced with the board on a grand scale, but in this situation I think they are doing the right thing. There have been many cases over the last few years where I have shook my head, but this is not one of them.

Most of them are to do with footballing decisions relating to on field stuff, but in terms of gaining sponsors, I think they are doing a great job. Pretty sure C&A is one of the richest, if the the richest, deal in the NRL.

Currently if the knights are at a loss what happens? They take loans, they get into debt.

So over the next 10 years, the knights may accumulate more debt in their current situation, if tinkler was on board, the knights would have no debt, and a gaurenteed $10mil per year.

Wrong. The Knights could make 10million a year from sponsorship and hospitality, but still make a loss. The club will go into debt, and even if Tinkler repays it, come the end of the 10 years, if the members want to buy the club back, the cost will match, cent for cent what Tinkler has put into the club.

I highly doubt he wouldnt pump extra into the club.

Many people arnt disputing that, including the board, they just want guarentees.

Burro/Tew, not letting members vote on tinklers offer..... Yep thats also great management.

They may not like it, but they are two people. What about the 75% of members that a yes is needed from?

Give the members a chance to vote, if members say no, then of course its a no, but if its a yes, then who gives two hoots what burro/tew think.

As far as I understand, they both are bounded legally by this whole event. They are required to make sure the club is being handed over into safe hands. And getting the members to vote is a BAD idea at this stage. What would you base your vote on? what you heard in the papers? cause most of the facts are manipulated to suit agendas. The members have spent a month looking over the offer with the assistance from legal teams. What makes you think the Members would be able to make an informed decision?

TBH, this whole situation is turning into a huge mess. Its dividing going to divide the club, not what we needed 2 weeks out from kickoff.

 

[dutchie]

Exactly my point.. it shouldn't be us v.s them

Don't you think its important that the owner of the club runs in conjunction with the board of the club? And before you answer that question.. Tinkler owing the club then sacking Burro & Tew and installing puppets doesn't count.

Exactly, it shouldnt be us v them, but the reality is... it is...

We as the members have NO say atm. It is only a small handful of people in power that are making the choices atm in regards to what they want.

At the end of the day, we are going to be voting for what we want as a model, but all the intricate details have nothing to do with us. Not saying everyone should vote on every single point.

But what tinkler offer was available should have been put on a ballot paper and allowed to see where it went. It does matter if we like it or not, if it got the support then that is enough, good or bad.

The fact is the board are not allowing the members their right in the capacity it should be.

When we vote on a government there are clear deadlines, we get to vote regardless of whether we like the party policy or not. If you dont like what you hear, you vote that way. If you want it, vote yes.

When it boils down to it, you may have voted liberal but we get labour. Big deal, tough luck, thats what a vote is. Majority wins.

 

[TheRedAfro]

They have fears of loosing this job/position/power.

I hope you are not a functioning member of society with the power to vote in elections.

Tew and Burro today stood up for us, the members and supporters of the Knights.

They did what was right and what was needed to ensure and protect our involvement and the future of the kids of the region.

For this, they are bloody legends.

And what do they get for it? People like you spreading lies.