Tinkler walks away from Knights

[Rocky Rhodes]

Is that not an opinion based on no facts?

Talk about hypocrisy.

LOL

As for Souffs, we all hate them but off the field they are doing pretty well. You cannot deny that.

If you believe every word from the telecrap they (souffs) are doing well. But reality says they haven't won a semi since the mid 80's, hardly a powerhouse club.

Tinkler only wants ownership and profits. Is there a mistake with that fact?
Let's see if he will sponsor the club like politis did/does for us.

[Rocky Rhodes]

I've already given my breakdown of the way the Roosters Football club is structured.

Based on "facts". Just how you like it.

Your spin is not gonna change the fact that it is not a privatised club.

BTW, have a think about the Green Bay packers, one of the powerhouses in the NFL. Owned by the public, all 112,000 of that town. Newcastle should stay public owned and follow the packers model.

[Vasco]

If you believe every word from the telecrap they (souffs) are doing well. But reality says they haven't won a semi since the mid 80's, hardly a powerhouse club.

Tinkler only wants ownership and profits. Is there a mistake with that fact?
Let's see if he will sponsor the club like politis did/does for us.

What does the "telecrap" have to do with it?

I am an adult and can forge my own opinions.

So you think Souffs are struggling off the field?

LOL

[Rocky Rhodes]

http://www.smh.com.au/rugby-league/l...222-1b44h.html

White knights keen to recruit Tinkler
Brett Keeble
February 23, 2011

KNIGHTS benefactor Andrew Poole has invited would-be owner Nathan Tinkler to join him and two other multimillionaire businessmen on the patrons' trust.

Donating between $6 million and $10m to the NRL club in the next four years, the trust has been convened in the past two days as a funding alternative after Tinkler, frustrated that Knights management had queried details of his reported 10-year, $100-million privatisation proposal, withdrew his offer on Monday morning.

Knights chief executive Steve Burraston said a patrons' trust model was initially investigated more than a year ago, was explained to members at the club's annual meeting in May last year and was considered by the board on January 19 when it agreed Tinkler's proposal was the preferred model to present to members.
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Poole said the trust funds had to be spent in areas such as junior development, community programs, special projects, capital expenditure and improving resources.

''That would release money already being spent in those areas to be spent in other areas,'' he said. ''Our money goes over and above anything that the Knights have now.''

Poole explained he and the other two patrons had committed to donating $2m each in the next four years - a minimum of $6m - and there was scope for two more to join them and extend the total to $10m. He said the other two patrons were



maintaining their anonymity for now ''but I can absolutely vouch for the integrity and worth of these people''.

The trust was structured to facilitate five ''units'' worth $500,000 annually, and Poole and the other two had each taken up one unit and guaranteed their contributions for four years.

''That money is paid up front, every year, into a trust account,'' Poole said. ''We decided the minimum position was three patrons before we had something to take forward, so ideally we'd like to get five, but three are ironclad.

''The money is in, ready to go, and now that it's become public, I'd like to think there will be another like-minded soul or two out there prepared to join us.

''I'm happy it might even be someone who has been in the press a lot about the Knights in the last day or so, who may like to stand beside the patrons. It would be nice if he did. Or perhaps a group of like-minded people might like to band together a unit of half a million per annum.''

Burraston and Poole insisted the three patrons were making donations, not loans, and therefore they expected no return on their outlays.

Burraston said the guaranteed donation of at least $1.5m a year for the next four years meant the patrons' trust had surpassed Tinkler's now withdrawn offer as the preferred choice. ''As we've progressed, we think that the patrons' trust is the superior model,'' he said.

Tinkler's withdrawn offer, the patrons' trust and a members' information session next Monday will be discussed at a Knights board meeting tonight.

We will soon see how much Tinkler loves the Knights and not the $$$$. Let's see if he becomes a sponsor.

See there is always a alternative to selling your arse out.

[Vasco]

We has a debt of 23 million yet there is no problem.

Where did you pluck that figure from?

The Easts Annual Report of 2010 indicates that we cleared all our debt and increased our assets.

That's from an official document provided to shareholders.

[Rocky Rhodes]

What does the "telecrap" have to do with it?

I am an adult and can forge my own opinions.

So you think Souffs are struggling off the field?

LOL

Your panic over the knights situation has everything to do with the agenda they are brainwashing you with.

Newcastle will survive with or without tinkler. See article above.

You seem to think Souffs will be a powerhouse just because they are privatised which is not the case imo.

Tinkler with his finger all over the knights is a recipe for disaster. $500,000 for snowdon already rings the alarm bells. Makes shillo at $350,000 seem like a bargain.

[Rocky Rhodes]

Where did you pluck that figure from?

The Easts Annual Report of 2010 indicates that we cleared all our debt and increased our assets.

That's from an official document provided to shareholders.

There were threads here that covered that issue. I'm sure i remember that 23 million figure. I will check our annual reports when i have time.

[Vasco]

Your panic over the knights situation has everything to do with the agenda they are brainwashing you with.

Newcastle will survive with or without tinkler. See article above.

You seem to think Souffs will be a powerhouse just because they are privatised which is not the case imo.

Tinkler with his finger all over the knights is a recipe for disaster. $500,000 for snowdon already rings the alarm bells. Makes shillo at $350,000 seem like a bargain.

Where did I say Souffs will be a powerhouse?

LOL

You are now throwing figures at me that were quoted by the Telegraph.

LOL

So Tinkler taking ownership of the Knights is a "recipe for disaster".

Is this a fact or your opinion?

Talk about letting emotions take control of your thoughts.

Take a few deep breaths.

[Guest]

There were threads here that covered that issue. I'm sure i remember that 23 million figure. I will check our annual reports when i have time.

This 23 mil is what we borrowed to build our Narellan Sports Academy.
Council approval has finally gone through,and building should commence soon