"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."[/quote]
The 5 mil fee is something they agreed to before hand and they thought was worth it, the FFA can't interfere in an ongoing employment dispute (of the Jets/GCU's own making - the two most disgruntled owners), and if he wasn't well aware of the financial situation under the current TV deal he is just a terrible businessman.
If these are his issues, I have little to no sympathy with him. Seems more like he has got his Knights now that he always wanted, and has lost interest in the Jets.
[quote]"We have attempted to organise meetings with the FFA to discuss our $5 million acquisition fee, with our only condition being we must be advised what other clubs have paid, if anything, why acquisition fees vary, how much of a success fee was paid to the FFA�s agent and how the money was used,"
What others have paid seems like commercially sensitive information that the FFA would have no right to release, and my understanding is they have made public why, in principle, an acquisition fee may vary.aitkenmike2012-04-10 17:03:22