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I have removed the corruption allegations as it is false and the references are incorrect. I have removed the financial difficulties heading as the information has merged into the Biography section.
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In December 2018, entities associated with Tinkler commenced proceedings in the New South Wales Supreme Court against Whitehaven Coal Limited seeking compensation in relation to the 2012 acquisition of Boardwalk Resources Limited.
In December 2018, entities associated with Tinkler commenced proceedings in the New South Wales Supreme Court against Whitehaven Coal Limited seeking compensation in relation to the 2012 acquisition of Boardwalk Resources Limited.


==Other Business Interests==
⚫
==Sporting interests==


In 2008, Tinkler established a racehorse enterprise, Patinack Farm, which became one of Australia’s largest locally owned racing organisations, experiencing tremendous success in a short period of time. This success is highlighted by eight individual Group1 winners, more than 40 stake winners and over 200 metropolitan victories.
⚫
The Newcastle Jets hosted a community day at which 10,000 fans were admitted free for the clash against [[Melbourne Heart]] on 31 October 2010.<ref>{{cite web|last=Gardiner|first=James |url=http://www.theherald.com.au/news/local/sport/football-soccer/jets-make-pitch-to-region-budget-ticket-plan-aims-to-bring-families-aboard/1970337.aspx?storypage=0|title=Jets make pitch to region: Budget ticket plan aims to bring families aboard|work=Newcastle Herald|date=16 October 2010|access-date=24 August 2012}}</ref><ref>{{cite web|author=Gardiner, James|url=http://www.theherald.com.au/news/local/sport/football-soccer/jets-throw-open-gates-for-match-against-melbourne/1970115.aspx|title=Jets throw open gates for match against Melbourne|work=Newcastle Herald|date=15 October 2010|access-date=24 August 2012 }}</ref> Membership of the club increased to over 10,000 and the club obtained the Hunter Medical Research Institute as a new sponsor.


Patinack Farm comprised of three major properties including Sandy Hollow a 3,300 acre breeding facility, a 1,000 acre training facility and stud at Canungra on the Gold Coast and 950 acres of undeveloped horse country at Monegeeta, Victoria. Patinack Farm owned as many as 600 broodmares, along with some of the highest potential stallions in Australia. Tinkler sold Patinack Farm in 2014<ref>https://www.racing.com/news/2014-05-21/patinack-farm-sold#/</ref>.
⚫
On 31 March 2011 Tinkler assumed ownership of the [[Newcastle Knights]] [[rugby league]] club by a landslide vote of the eligible club members.<ref>{{cite web|author=Gardiner, James |url=http://www.smh.com.au/rugby-league/league-news/tinkler-weighs-in-with-100m-knights-offer-20110117-19u42.html|title=Nathan Tinkler offers $100&nbsp;million to buy the Newcastle Knights|work=The Sydney Morning Herald|date=18 January 2011|access-date=24 August 2012}}</ref><ref>{{cite web|author=Keeble, Brett|url=http://www.smh.com.au/rugby-league/league-news/nathan-tinkler-withdraws-knights-offer-20110221-1b1r8.html|title=Nathan Tinkler withdraws Knights offer|work=The Sydney Morning Herald|date=21 February 2011|access-date=24 August 2012}}</ref> The Knights signed [[Wayne Bennett (rugby league)|Wayne Bennett]] to a four-year coaching contract with the club, starting in 2012.


On 22 September 2010, [[Football_Australia|Football Federation Australia]] announced that Tinkler had purchased the [[A-League|A-League]] club [[Newcastle_Jets_FC|Newcastle Jets]] through his Hunter Sports Group.
⚫
In April 2012 Tinkler handed back the Newcastle Jets A-league licence to the FFA.<ref>{{cite web|author=Rigney, Sam|url=http://www.theherald.com.au/news/local/sport/football-soccer/jets-fans-feel-their-hearts-ripped-out/2517275.aspx|title=Jets fans feel their hearts 'ripped out'|work=Newcastle Herald|date=11 April 2012|access-date=24 August 2012}}</ref> The Federation said that Tinkler's Hunter Sports Group could not just hand back its licence, and was breaching a binding contract by walking away from the Jets.<ref>{{cite news|title=Tinkler cannot hand back licence, says Ben Buckley |url=http://www.smh.com.au/sport/a-league/tinkler-cannot-hand-back-licence-says-ben-buckley-20120410-1wlx9.html|access-date=18 February 2013|newspaper=The Sydney Morning Herald|date=10 April 2012}}</ref> Federation chief executive Ben Buckley refused to rule out the possibility of launching a damages claim against Tinkler that could go as high as $80&nbsp;million.<ref>{{cite news|last=Gatt|first=Ray|title=Jettisoned: Nathan Tinkler faces $80m fight|url=http://www.theaustralian.com.au/sport/football/jettisoned-nathan-tinkler-faces-80m-fight/story-fn63e0vj-1226323268202|access-date=20 November 2012|newspaper=The Australian|date=11 April 2012}}</ref>


On 31 March 2011, Hunter Sports Group also assumed ownership of the [[Newcastle_Knights|Newcastle Knights]] [[Rugby_league|rugby league]] club<ref>https://www.theage.com.au/business/insolvent-trading-claim-against-tinkler-still-possible-20130217-2el7s.html</ref><ref><https://www.theage.com.au/sport/racing/tinkler-keen-to-race-on-20130402-2h3p8.html</ref>. The Knights signed [[Wayne_Bennett_(rugby_league)|Wayne Bennett]] to a four-year coaching contract with the club, starting in 2012.
⚫
In May 2015, after Newcastle Jets players and staff had not been paid for a month, Tinkler placed the Newcastle Jets into voluntary administration, listing debts of $2.7&nbsp;million. That resulted in the Football Federation of Australia terminating Tinkler's A-League licence, held by Hunter Sports Group. It was the culmination of a soccer season in which the Jets recorded their worst-ever results on the way to collecting the competition's [[wooden spoon (award)|wooden spoon]].<ref>{{cite news|last1=Gardiner|first1=James|title=FFA terminates Newcastle Jets' licence after Nathan Tinkler places club into voluntary administration|url=http://www.smh.com.au/sport/soccer/ffa-terminates-newcastle-jets-licence-after-nathan-tinkler-places-club-into-voluntary-administration-20150520-gh5tjm.html|access-date=21 May 2015|work=The Sydney Morning Herald|date=20 May 2015}}</ref>


Hunter Sports Group subsequently relinquished its ownership of both the Newcastle Jets and the Newcastle Knights.
==Financial difficulties==
[[File:Nathan Tinkler faces the media following his appearance at the ICAC Inquiry.jpg|300 px|thumb|left|Nathan Tinkler faces the media following his appearance at the ICAC Inquiry in 2014]]
In April 2012, Tinkler was worth over A$1.18&nbsp;billion, but this had dropped to A$630&nbsp;million by September 2012,<ref name="brink">{{cite web|author=McCullough, James|url=http://www.news.com.au/business/companies/court-bid-pushes-nathan-tinkler-to-brink-of-collapse/story-fnda1bsz-1226481358592|title=Court bid pushes Nathan Tinkler to brink of collapse|work=The Courier-Mail|date=26 September 2012 |access-date=30 September 2012}}</ref> due to slowing demand and dropping coal prices.<ref>{{cite web|author=Murry, David|url=http://www.couriermail.com.au/news/queensland/former-billionaire-nathan-tinkler-living-in-singapore-as-australian-creditors-line-up/story-e6freoof-1226483750701|title=Former billionaire Nathan Tinkler living in Singapore as Australian creditors line up|work=The Courier-Mail|date=29 September 2012|access-date=30 September 2012}}</ref> Several of Tinkler's companies were facing financial challenges, with one company potentially facing administration.<ref name="brink"/>


⚫
==Sporting interests==
On [[Melbourne Cup]] day 2012, Tinkler's private horse racing trainer, John Thompson, revealed that Tinkler's stable of horses had been forced to go without feed because the group was unable to pay suppliers. Thompson also said that Tinkler's racing and breeding company, [[Patinack Farm]], had been asked to leave its Hawkesbury private training facility because "the owner of the property just got sick of us being late with our rent". However a spokesman for Tinkler said Patinack Farm had never run out of feed.<ref>{{cite news|last1=Reilly|first1=Tom|last2=Manning|first2=Paddy|title=Staff turn as Tinkler's cash woes hit stables|url=http://www.theage.com.au/business/staff-turn-as-tinklers-cash-woes-hit-stables-20121105-28u8o.html|access-date=6 November 2012|newspaper=The Age|location=Australia|date=6 November 2012}}</ref>


⚫
The Newcastle Jets hosted a community day at which 10,000 fans were admitted free for the clash against [[Melbourne Heart]] on 31 October 2010.<ref>{{cite web|last=Gardiner|first=James |url=http://www.theherald.com.au/news/local/sport/football-soccer/jets-make-pitch-to-region-budget-ticket-plan-aims-to-bring-families-aboard/1970337.aspx?storypage=0|title=Jets make pitch to region: Budget ticket plan aims to bring families aboard|work=Newcastle Herald|date=16 October 2010|access-date=24 August 2012}}</ref><ref>{{cite web|author=Gardiner, James|url=http://www.theherald.com.au/news/local/sport/football-soccer/jets-throw-open-gates-for-match-against-melbourne/1970115.aspx|title=Jets throw open gates for match against Melbourne|work=Newcastle Herald|date=15 October 2010|access-date=24 August 2012 }}</ref> Membership of the club increased to over 10,000 and the club obtained the Hunter Medical Research Institute as a new sponsor.
In December 2012, the [[Australian Taxation Office]] filed court documents to wind up Tinkler's Hunter Sports Group. The action came two weeks after two of Tinkler's companies were placed into liquidation. Hunter Sports Group owed around A$2.7&nbsp;million in unpaid taxes and was notified of this debt in September 2012.<ref>{{cite news|title=ATO pushes to wind up Knights, Jets|work=ABC Online|location=Australia|date=13 December 2012|url=http://www.abc.net.au/news/2012-12-13/ato-to-wind-up-newcastle27s-knights-and-jets/4425736?WT.svl=news2}}</ref>


⚫
On 31 March 2011 Tinkler assumed ownership of the [[Newcastle Knights]] [[rugby league]] club by a landslide vote of the eligible club members.<ref>{{cite web|author=Gardiner, James |url=http://www.smh.com.au/rugby-league/league-news/tinkler-weighs-in-with-100m-knights-offer-20110117-19u42.html|title=Nathan Tinkler offers $100&nbsp;million to buy the Newcastle Knights|work=The Sydney Morning Herald|date=18 January 2011|access-date=24 August 2012}}</ref><ref>{{cite web|author=Keeble, Brett|url=http://www.smh.com.au/rugby-league/league-news/nathan-tinkler-withdraws-knights-offer-20110221-1b1r8.html|title=Nathan Tinkler withdraws Knights offer|work=The Sydney Morning Herald|date=21 February 2011|access-date=24 August 2012}}</ref> The Knights signed [[Wayne Bennett (rugby league)|Wayne Bennett]] to a four-year coaching contract with the club, starting in 2012.
On 18 February 2013, it was reported that the liquidator of Nathan Tinkler's private company, Patinack Farm Administration, was considering an insolvent trading claim against Tinkler and his fellow director Troy Palmer.<ref>{{cite news|last=Manning|first=Paddy|title=Insolvent trading claim against Tinkler still possible|url=http://www.theage.com.au/business/insolvent-trading-claim-against-tinkler-still-possible-20130217-2el7s.html|access-date=18 February 2013|newspaper=The Age|location=Australia|date=18 February 2013}}</ref> On 2 April 2013 it was revealed that Tinkler had put his entire racing and breeding business up for sale, including stock and properties.<ref>{{cite news|last=Sharkie|first=Michael|title=Tinkler walks away from racing|url=http://www.theage.com.au/sport/horseracing/tinkler-walks-away-from-racing-20130402-2h3p8.html|access-date=2 April 2013|newspaper=The Age|date=2 April 2013}}</ref>


⚫
In April 2012 Tinkler handed back the Newcastle Jets A-league licence to the FFA.<ref>{{cite web|author=Rigney, Sam|url=http://www.theherald.com.au/news/local/sport/football-soccer/jets-fans-feel-their-hearts-ripped-out/2517275.aspx|title=Jets fans feel their hearts 'ripped out'|work=Newcastle Herald|date=11 April 2012|access-date=24 August 2012}}</ref> The Federation said that Tinkler's Hunter Sports Group could not just hand back its licence, and was breaching a binding contract by walking away from the Jets.<ref>{{cite news|title=Tinkler cannot hand back licence, says Ben Buckley |url=http://www.smh.com.au/sport/a-league/tinkler-cannot-hand-back-licence-says-ben-buckley-20120410-1wlx9.html|access-date=18 February 2013|newspaper=The Sydney Morning Herald|date=10 April 2012}}</ref> Federation chief executive Ben Buckley refused to rule out the possibility of launching a damages claim against Tinkler that could go as high as $80&nbsp;million.<ref>{{cite news|last=Gatt|first=Ray|title=Jettisoned: Nathan Tinkler faces $80m fight|url=http://www.theaustralian.com.au/sport/football/jettisoned-nathan-tinkler-faces-80m-fight/story-fn63e0vj-1226323268202|access-date=20 November 2012|newspaper=The Australian|date=11 April 2012}}</ref>
In May 2013, it was reported that Tinkler and his wife could be made bankrupt over A$440,000 in allegedly unpaid bills to a corporate adviser.<ref name="bris">{{cite news |url=http://www.brisbanetimes.com.au/business/tinkler-wife-face-threat-of-bankruptcy-20130508-2j7z7.html|title=Tinkler, wife face threat of bankruptcy|last=Battersby|first=Lucy|date=9 May 2013|newspaper=Brisbane Times|access-date=22 May 2013}}</ref> The same month, the ''[[BRW Rich 200]]'' estimated that Tinkler was beset by a series of debt problems and falling asset values that devalued his 2012 [[net wealth]] of A$915&nbsp;million to A$235&nbsp;million.<ref name="smh2013-05-23">{{cite news|url=http://www.smh.com.au/executive-style/management/rinehart-drops-more-than-lowys-entire-worth-20130522-2k0h9.html|title=Rinehart drops more than Lowy's entire worth|last1=Colquhoun|first1=Steve|last2=Heathcote|first2=Andrew|date=22 May 2013|access-date=22 May 2013|work=The Sydney Morning Herald }}</ref>


⚫
In May 2015, after Newcastle Jets players and staff had not been paid for a month, Tinkler placed the Newcastle Jets into voluntary administration, listing debts of $2.7&nbsp;million. That resulted in the Football Federation of Australia terminating Tinkler's A-League licence, held by Hunter Sports Group. It was the culmination of a soccer season in which the Jets recorded their worst-ever results on the way to collecting the competition's [[wooden spoon (award)|wooden spoon]].<ref>{{cite news|last1=Gardiner|first1=James|title=FFA terminates Newcastle Jets' licence after Nathan Tinkler places club into voluntary administration|url=http://www.smh.com.au/sport/soccer/ffa-terminates-newcastle-jets-licence-after-nathan-tinkler-places-club-into-voluntary-administration-20150520-gh5tjm.html|access-date=21 May 2015|work=The Sydney Morning Herald|date=20 May 2015}}</ref>
On 19 June 2013 it was announced that Tinkler's biggest remaining asset, a 19 per cent share in coal miner Whitehaven, had been bought by his main financial backers including Farallon Management. It was estimated that the sale price of $2.96 per share represented a substantial loss by Tinkler's backers on their loans to him. Nevertheless, the sale of Tinkler's share in Whitehaven was seen as part of his struggle to repay debts accumulated by other parts of his crumbling empire.<ref>{{cite news|last=Knight|first=Elizabeth|title=Tinkler share sale a relief for Whitehaven|url=http://www.theage.com.au/business/tinkler-share-sale-a-relief-for-whitehaven-20130619-2oi3y.html|access-date=19 June 2013|newspaper=The Age|date=19 June 2013}}</ref> The funds raised by the sale of his Whitehaven shares enabled Tinkler to repay a $12&nbsp;million debt to coal exploration company Blackwood Resources on 27 June, a day ahead of schedule.<ref>{{cite news|last=Robins|first=Brian|title=Tinkler settles debt – a day early|url=http://www.theage.com.au/business/tinkler-settles-debt--a-day-early-20130627-2ozga.html|access-date=27 June 2013|newspaper=The Age|date=27 June 2013}}</ref>

On 3 September 2013, Tinkler's Aston Metals, a base metals explorer then owning five projects around Mt Isa, was placed in the hands of receivers.<ref>AAP (3 September 2013) http://www.abc.net.au/news/2013-09-03/tinkler-company-enters-receivership/4932286</ref>

On 21 May 2014 it was reported that contracts had been exchanged to sell Patinack Farm, for an undisclosed sum, to a consortium consisting of "local and overseas parties from the Middle East".<ref>{{cite news|last=Kruger|first=Colin|title=Nathan Tinkler sells Patinack Farm |url=http://www.smh.com.au/business/nathan-tinkler-sells-patinack-farm-20140521-38nhn.html |newspaper=The Sydney Morning Herald |date=21 May 2014 |access-date=21 May 2014}}</ref>

On 20 July 2015, an arrest warrant was ordered for Tinkler after he failed to appear in the Supreme Court in Adelaide to answer questions about the liquidation of his Patinack horse farm. The liquidator had taken action in the South Australian Supreme Court over unpaid debts, and asked the court to issue a warrant for Tinkler's arrest, saying he had shown a "flagrant disregard" for the court.<ref>{{cite news|last1=Marcus|first1=Candice|last2=Hancock|first2=James|title=Arrest warrant ordered for former billionaire Nathan Tinkler|url=http://www.abc.net.au/news/2015-07-20/nathan-tinkler-arrest-order-fails-to-appear-supreme-court/6633518|access-date=20 July 2015|work=ABC News|date=20 July 2015}}</ref>

On 19 and 20 November Tinkler was served with two statutory demands by the Deputy Commissioner of Taxation, alleging that his company Aston Resources Investments owed $6.4&nbsp;million in tax, and that Tinkler Group Holdings Administration owed $3.5&nbsp;million.<ref>{{cite news|last1=Carson|first1=Vanda|title=Nathan Tinkler hit with $10m tax bill as he attempts comeback|url=http://www.couriermail.com.au/business/nathan-tinkler-hit-with-10m-tax-bill-as-he-attempts-comeback/news-story/0a9678bb751ae6c865c580094bd10b82|access-date=3 March 2016|work=Courier-Mail|date=5 January 2016}}</ref> On 9 February 2016, he was the subject of a bankruptcy hearing over a $2.8&nbsp;million debt to [[GE Commercial Finance]] relating to the sale of his private jet aeroplane. [[Federal Court of Australia|Federal Court]] judge Jacqueline Gleeson ruled GE was entitled to make Tinkler, now resident in Singapore, bankrupt, but stayed the order pending an urgent appeal. On 2 March 2016, Tinkler failed to lodge an appeal in the required time and so was officially declared bankrupt. He told his bankruptcy trustee that he only had one asset, a farm near the NSW north coast town of [[Port Macquarie]], which has caveats held on it by retailer [[Gerry Harvey]] and the local council.<ref>{{cite news|title=Nathan Tinkler, former billionaire, declared bankrupt|url=http://www.theaustralian.com.au/news/nathan-tinkler-former-billionaire-declared-bankrupt/news-story/202fc475cb63bebc604a1a57d1a03976|access-date=3 March 2016|work=The Australian|date=2 March 2016}}</ref>

==Corruption Allegations==
At a hearing of the New South Wales [[Independent Commission Against Corruption (New South Wales)|Independent Commission Against Corruption]] (ICAC) on 28 April 2014, it was revealed that Tinkler's Patinack Farm horse stud paid $66,000 to "Eightbyfive", a slush fund set up by an advisor to the allegedly corrupt NSW politician [[Chris Hartcher]].<ref>{{cite news|author1=Whitbourne, Michaela |author2=McClymont, Kate |author3=Nicholls, Sean |title=ICAC hears Chris Hartcher corruption claims as Liberal MP Marie Ficarra steps aside|url=http://www.smh.com.au/nsw/icac-hears-chris-hartcher-corruption-claims-as-liberal-mp-marie-ficarra-steps-aside-20140428-zr0np.html|access-date=28 April 2014|newspaper=The Sydney Morning Herald|date=28 April 2014}}</ref> A few days later, text messages presented at the commission revealed that Tinkler's property development company, Buildev, had secretly paid $50,000 to produce anonymous flyers attacking [[Jodi McKay]], the local state parliamentarian, in the lead-up to the [[2011 New South Wales state election|2011 state election]], because she opposed the billion-dollar plan by Buildev to establish a coal export terminal in Newcastle.<ref>{{cite news|last=Whitbourn, Michaela|first=& McClymont, Kate|title='Whatever it takes': ICAC hears Nathan Tinkler's plans to get rid of Labor MP Jodi McKay|url=http://www.smh.com.au/nsw/whatever-it-takes-icac-hears-nathan-tinklers-plans-to-get-rid-of-labor-mp-jodi-mckay-20140506-zr5pe.html|access-date=7 May 2014|newspaper=The Sydney Morning Herald|date=7 May 2014}}</ref>


==References==
==References==

Revision as of 09:09, 23 March 2021

Nathan Tinkler
File:Nathan Tinkler.png
Nathan Tinkler in Melbourne’s CBD
Born (1976-02-01) 1 February 1976 (age 48)
Port Macquarie, New South Wales, Australia
OccupationMining Executive
Websitetinklergroup.com

Nathan Tinkler (born 1 February 1976) is an Australian mining industry executive and was previously the principal shareholder of Aston Resources Limited[1] and Whitehaven Coal Limited.[2] He started out as a mining apprentice in the Hunter Valley, in New South Wales and set up his own business at age 26. Much of his wealth, was acquired from investments in the mining industry.

Biography

Tinkler qualified as an electrician at the Muswellbrook Technical and Further Education institution (TAFE)[3] and commenced his involvement in the coal industry as an apprentice electrical fitter for Bayswater Coal. At aged 26, he started his own mine machinery maintenance business called Custom Mining.

In 2006, Tinkler paid a $1 million deposit to buy the Middlemount coal mine in Central Queensland. A year later, he sold his Middlemount stake to Macarthur Coal for $275 million with the payment largely in shares. In May 2008 Tinkler sold his Macarthur shares for A$422 million[4][5] in cash.

Tinkler was named by BRW magazine in September 2008 as Australia’s richest person aged 40 or less with a stated net worth of $441 million at age 32.[6]

In 2008, Tinkler purchased the Maules Creek Mine coal deposit in New South Wales for $480 million from Rio Tinto and floated the vehicle for the deposit, Aston Resources Limited, in 2010 with a valuation of $1.2 billion.[7]

In early 2012, Tinkler was named by BRW magazine as Australia’s youngest billionaire with a stated net worth of more than $1.18 billion.[8]

In May 2012, Tinkler merged Aston Resources Limited and another coal mining company controlled by him, Boardwalk Resources Limited, with Whitehaven Coal Limited creating a leading independent coal mining company with market capitalisation in excess of $5 billion.[9]

In June 2013, Tinkler’s shareholding in Whitehaven Coal Limited was sold to his main financial backers.[10]

In 2014, Tinkler was called to give evidence before the Independent Commission Against Corruption over allegations of illegal donations to New South Wales politicians. He denied any wrongdoing and no corruption finding was made against him.

Tinker was appointed Managing Director of Australian Pacific Coal Limited in 2015.[11]

In February 2016, Tinkler was declared bankrupt by the Federal Court with his bankruptcy subsequently annulled in August 2018.[12]

In December 2018, entities associated with Tinkler commenced proceedings in the New South Wales Supreme Court against Whitehaven Coal Limited seeking compensation in relation to the 2012 acquisition of Boardwalk Resources Limited.

Other Business Interests

In 2008, Tinkler established a racehorse enterprise, Patinack Farm, which became one of Australia’s largest locally owned racing organisations, experiencing tremendous success in a short period of time. This success is highlighted by eight individual Group1 winners, more than 40 stake winners and over 200 metropolitan victories.

Patinack Farm comprised of three major properties including Sandy Hollow a 3,300 acre breeding facility, a 1,000 acre training facility and stud at Canungra on the Gold Coast and 950 acres of undeveloped horse country at Monegeeta, Victoria. Patinack Farm owned as many as 600 broodmares, along with some of the highest potential stallions in Australia. Tinkler sold Patinack Farm in 2014[13].

On 22 September 2010, Football Federation Australia announced that Tinkler had purchased the A-League club Newcastle Jets through his Hunter Sports Group.

On 31 March 2011, Hunter Sports Group also assumed ownership of the Newcastle Knights rugby league club[14][15]. The Knights signed Wayne Bennett to a four-year coaching contract with the club, starting in 2012.

Hunter Sports Group subsequently relinquished its ownership of both the Newcastle Jets and the Newcastle Knights.

Sporting interests

The Newcastle Jets hosted a community day at which 10,000 fans were admitted free for the clash against Melbourne Heart on 31 October 2010.[16][17] Membership of the club increased to over 10,000 and the club obtained the Hunter Medical Research Institute as a new sponsor.

On 31 March 2011 Tinkler assumed ownership of the Newcastle Knights rugby league club by a landslide vote of the eligible club members.[18][19] The Knights signed Wayne Bennett to a four-year coaching contract with the club, starting in 2012.

In April 2012 Tinkler handed back the Newcastle Jets A-league licence to the FFA.[20] The Federation said that Tinkler's Hunter Sports Group could not just hand back its licence, and was breaching a binding contract by walking away from the Jets.[21] Federation chief executive Ben Buckley refused to rule out the possibility of launching a damages claim against Tinkler that could go as high as $80 million.[22]

In May 2015, after Newcastle Jets players and staff had not been paid for a month, Tinkler placed the Newcastle Jets into voluntary administration, listing debts of $2.7 million. That resulted in the Football Federation of Australia terminating Tinkler's A-League licence, held by Hunter Sports Group. It was the culmination of a soccer season in which the Jets recorded their worst-ever results on the way to collecting the competition's wooden spoon.[23]

References

  1. ^ https://www.asx.com.au/asxpdf/20110926/pdf/4219ftj5p6plpd.pdf
  2. ^ https://www.asx.com.au/asxpdf/20120926/pdf/428zb39xsl8p56.pdf
  3. ^ Crawley, Paul (19 January 2011). "Nathan Tinkler says he cannot understand hesitance of Newcastle Knights to accept $100m buy-out offer". The Daily Telegraph.
  4. ^ Reilly, Tom (10 October 2010). "The fortune and fury of a young tycoon". The Sydney Morning Herald. Retrieved 24 August 2012.
  5. ^ Treadgold, Tim (13 February 2012). "Country Boy Makes It Big in Coal". Forbes. Retrieved 6 November 2012.
  6. ^ Zappone, Chris (24 September 2008). "Nathan Tinkler takes No. 1 spot on the BRW Young Rich list". The Age. Australia. Retrieved 24 August 2012.
  7. ^ "Young rich list member Nathan Tinkler tipped to launch $1.5 billion float". Smartcompany.com.au. 29 July 2010. Archived from the original on 20 April 2012. Retrieved 24 August 2012.
  8. ^ https://web.archive.org/web/20121020052617/http://www.brw.com.au/p/sections/features/the_list_brw_rich_OPa13Wsi1unYeN6nomvrGK
  9. ^ https://www.smh.com.au/business/tinklers-aston-and-whitehaven-in-5-1b-merger-deal-20111212-1oq4f.html
  10. ^ https://www.smh.com.au/business/companies/tinkler-sells-out-of-whitehaven-20130619-2ohnj.html
  11. ^ http://www.aqcltd.com/site/PDF/e59752bc-736a-4527-9ce5-2c9f2e824dcb/BoardandManagementChanges
  12. ^ https://www.afr.com/companies/mining/nathan-tinkler-billionaire-to-bankrupt-plots-coal-comeback-20210203-p56z43
  13. ^ https://www.racing.com/news/2014-05-21/patinack-farm-sold#/
  14. ^ https://www.theage.com.au/business/insolvent-trading-claim-against-tinkler-still-possible-20130217-2el7s.html
  15. ^ <https://www.theage.com.au/sport/racing/tinkler-keen-to-race-on-20130402-2h3p8.html
  16. ^ Gardiner, James (16 October 2010). "Jets make pitch to region: Budget ticket plan aims to bring families aboard". Newcastle Herald. Retrieved 24 August 2012.
  17. ^ Gardiner, James (15 October 2010). "Jets throw open gates for match against Melbourne". Newcastle Herald. Retrieved 24 August 2012.
  18. ^ Gardiner, James (18 January 2011). "Nathan Tinkler offers $100 million to buy the Newcastle Knights". The Sydney Morning Herald. Retrieved 24 August 2012.
  19. ^ Keeble, Brett (21 February 2011). "Nathan Tinkler withdraws Knights offer". The Sydney Morning Herald. Retrieved 24 August 2012.
  20. ^ Rigney, Sam (11 April 2012). "Jets fans feel their hearts 'ripped out'". Newcastle Herald. Retrieved 24 August 2012.
  21. ^ "Tinkler cannot hand back licence, says Ben Buckley". The Sydney Morning Herald. 10 April 2012. Retrieved 18 February 2013.
  22. ^ Gatt, Ray (11 April 2012). "Jettisoned: Nathan Tinkler faces $80m fight". The Australian. Retrieved 20 November 2012.
  23. ^ Gardiner, James (20 May 2015). "FFA terminates Newcastle Jets' licence after Nathan Tinkler places club into voluntary administration". The Sydney Morning Herald. Retrieved 21 May 2015.
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