ATO says Knights & Jets to GO

cos789 · Post by **cos789** » Thu Dec 13, 2012 1:54 pm

Hunter Sports owes millions to the ATO and the ATO want Hunter Sports wound up.

.

Rabbit · Post by **Rabbit** » Thu Dec 13, 2012 2:21 pm

"In relation to the ownership by Hunter Sports Group, guarantees have been put in place by the Commission to safeguard the Knights position,'' Mattiske said.

"Those safeguards were a condition of ownership and are there to ensure the club's future.''

A $20 million bank guarantee was a condition of Tinkler's privatisation of the club.

Read more: http://www.foxsports.com.au/league/nrl- ... z2Etm2cMiW

you ******

ParraEelsNRL · Post by **ParraEelsNRL** » Thu Dec 13, 2012 2:50 pm

$20 mill for nothing if he bails, good work if you can get it

Raiderdave · Post by **Raiderdave** » Thu Dec 13, 2012 4:29 pm

ParraEelsNRL wrote:
$20 mill for nothing if he bails, good work if you can get it

yeah ... to be honest it wouldn't be the worst thing for the Knights .... if they did wind the hunter sports group up
they'd get 20 million put in their bank account 5 mins later
they'd pay their portion of this tax bill & move on
& the 7 Million Grant from the NRL paid in shortly after .... not many clubs start a year with a bank balance like that

with ova 15,000 members already & looking at 25,000 for 2013
the Knights will be fine for a long long time.

piesman2011 · Post by **piesman2011** » Thu Dec 13, 2012 4:40 pm

http://www.theherald.com.au/story/11838 ... hsg/?cs=12

bit of news comming in.

ParraEelsNRL · Post by **ParraEelsNRL** » Thu Dec 13, 2012 4:44 pm

And I'm sure there would be other rich people in the area that would jump at the chance to take over the Knights and run them properly, but even if not, the Knights will survive regardless.

Stewie · Post by **Stewie** » Thu Dec 13, 2012 4:46 pm

Goodbye and farewell Newcastle Knights.

ParraEelsNRL · Post by **ParraEelsNRL** » Thu Dec 13, 2012 4:48 pm

Yep, maybe they can merge with Pork Tankelaide?

Stewie · Post by **Stewie** » Thu Dec 13, 2012 4:50 pm

ParraEelsNRL wrote:
Yep, maybe they can merge with Pork Tankelaide?

Unlike Newcastle, we have a range of new opportunities opening up with the move to a new world class stadium in the city which will put us back in the black. =D>

ParraEelsNRL · Post by **ParraEelsNRL** » Thu Dec 13, 2012 4:55 pm

Yeah, and the knights have just finished their latest part of the upgrade at Hunter stadium, so what?

Raiderdave · Post by **Raiderdave** » Thu Dec 13, 2012 4:56 pm

Stewie wrote:
Goodbye and farewell Newcastle Knights.

bank balances for 2 clubs at 1/2/13
If hunter sports group folds

Newcastle Knights
27 million CR
if they don't
Newcastle Knights
7 million CR

Poort Crapelaide's
15 million ...... Debit ...

Stewie · Post by **Stewie** » Thu Dec 13, 2012 5:08 pm

ParraEelsNRL wrote:
Yeah, and the knights have just finished their latest part of the upgrade at Hunter stadium, so what?

They're fucked because they opted for private ownership

piesman2011 · Post by **piesman2011** » Thu Dec 13, 2012 5:13 pm

Im not a fan of private ownership, in my opinon the Knights should be owned by the people of newcastle or at least their members. Hopefully with their large wads of cash the NRL can make private ownership a thing of the past.

Raiderdave · Post by **Raiderdave** » Thu Dec 13, 2012 5:25 pm

Stewie wrote:
ParraEelsNRL wrote:
Yeah, and the knights have just finished their latest part of the upgrade at Hunter stadium, so what?
They're fucked because they opted for private ownership

yes .... they could be as much as to 42 Million dollars ahead of your lot .... but they're the ones that .. F/ucked up

side splitting stuff

Xman · Post by **Xman** » Thu Dec 13, 2012 5:30 pm

Raiderdave wrote:
Stewie wrote:
ParraEelsNRL wrote:
Yeah, and the knights have just finished their latest part of the upgrade at Hunter stadium, so what?
They're fucked because they opted for private ownership

yes .... they could be as much as to 42 Million dollars ahead of your lot .... but they're the ones that .. F/ucked up

side splitting stuff

That'll last a few seasons only....then what happens?

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