Current version

Posted February 17, 2015 12:49 · last edited February 17, 2015 12:59

Good time to play Newcastle now they've axed nine players from the squad they started the season with and most of the support staff:

http://www.smh.com.au/sport/soccer/newcastle-jets-...

A club with no CEO since Xmas after Robbie Middleby quit - and no chairman (also quit).

New CEO hastily appointed to satisfy the FFA and enable Tinkler to keep the licence only started work on Monday.

"The exit of the support staff is expected to drive a bigger wedge between players and the coach."

"Stubbins is expected to rely largely on fringe and youth team players."

The five senior players, including the captain Jaliens and David Carney who had a year left on his contract are taking legal action.

Seems doubtful that Newcastle Jets will survive beyond this season.

Would you buy a used car from this man?

I'd report him if he knocked on my door trying to sell a raffle ticket.

"Hunter Valley mine electrician Nathan Tinkler borrowed big in 2005, made a fortune from several speculative coal plays, and by 2011 was a self-made billionaire. He had gambled and won, but his volatility and reluctance to pay his debts were making him enemies. He lived the high life as only a young man would, buying luxury homes, private jets, sports cars and football teams, and splurging massively to build a horseracing empire.

But Tinkler's dreams had extended beyond even his resources, and his business model worked only in a rising market. When coal prices slumped in 2012, Tinkler had no cash flow to service his massive borrowings and no allies to help him recover. Within months he was trying desperately to stave off his creditors, large and small, and fighting to save his businesses and his fortune.

In this impressive new biography, leading business writer Paddy Manning tells the story of Tinkler's meteoric rise to wealth, and captures the drama of his equally rapid downfall."

Previous versions

2 versions
Big Pete 65 edited February 17, 2015 12:59

Good time to play Newcastle now they've axed nine players from the squad they started the season with and most of the support staff:

http://www.smh.com.au/sport/soccer/newcastle-jets-...

A club with no CEO and no chairman.

"The exit of the support staff is expected to drive a bigger wedge between players and the coach."

"Stubbins is expected to rely largely on fringe and youth team players."

The five senior players, including the captain Jaliens and David Carney who had a year left on his contract are taking legal action.

Seems doubtful that Newcastle Jets will survive beyond this season.

Would you buy a used car from this man?

I'd report him if he knocked on my door trying to sell a raffle ticket.

Book Cover:  Boganaire:The Rise and Fall of Nathan Tinkler

"Hunter Valley mine electrician Nathan Tinkler borrowed big in 2005, made a fortune from several speculative coal plays, and by 2011 was a self-made billionaire. He had gambled and won, but his volatility and reluctance to pay his debts were making him enemies. He lived the high life as only a young man would, buying luxury homes, private jets, sports cars and football teams, and splurging massively to build a horseracing empire.

But Tinkler's dreams had extended beyond even his resources, and his business model worked only in a rising market. When coal prices slumped in 2012, Tinkler had no cash flow to service his massive borrowings and no allies to help him recover. Within months he was trying desperately to stave off his creditors, large and small, and fighting to save his businesses and his fortune.

In this impressive new biography, leading business writer Paddy Manning tells the story of Tinkler's meteoric rise to wealth, and captures the drama of his equally rapid downfall."

Big Pete 65 edited February 17, 2015 12:51

Good time to play Newcastle now they've axed nine players from the squad they started the season with and most of the support staff:

http://www.smh.com.au/sport/soccer/newcastle-jets-...

A club with no CEO and no chairman.

"The exit of the support staff is expected to drive a bigger wedge between players and the coach."

"Stubbins is expected to rely largely on fringe and youth team players."

The five senior players, including the captain Jaliens and David Carney who had a year left on his contract are taking legal action.

Seems doubtful that Newcastle Jets will survive beyond this season.

Would you buy a used car from this man?

I'd report him if he knocked on my door trying to sell a raffle ticket.

Book Cover:  Boganaire:The Rise and Fall of Nathan Tinkler

Boganaire:The Rise and Fall of Nathan TinklerAUTHOR: MANNING PADDY

"Hunter Valley mine electrician Nathan Tinkler borrowed big in 2005, made a fortune from several speculative coal plays, and by 2011 was a self-made billionaire. He had gambled and won, but his volatility and reluctance to pay his debts were making him enemies. He lived the high life as only a young man would, buying luxury homes, private jets, sports cars and football teams, and splurging massively to build a horseracing empire.

But Tinkler's dreams had extended beyond even his resources, and his business model worked only in a rising market. When coal prices slumped in 2012, Tinkler had no cash flow to service his massive borrowings and no allies to help him recover. Within months he was trying desperately to stave off his creditors, large and small, and fighting to save his businesses and his fortune.

In this impressive new biography, leading business writer Paddy Manning tells the story of Tinkler's meteoric rise to wealth, and captures the drama of his equally rapid downfall."