General Newcastle Knights In The Poo!

Pete

Pete

NRL says the future of the Newcastle Knights is not in jeopardy despite the Australian Tax Office applying for a liquidator to be appointed to the club. Liquidation.. sure the media are just pumping it up but doesn't sound too great for the longterm future as a big spending club. Knights will survive though.

Ahh Newcastle....so Bennet. Time to come to the Warriors as some sort of assistant coach.
 
janfin

janfin

Haha catchy title ....Apparently Knights have all sorts of insurances in place ...so don;t think that it will effect them too much
 

smc

The nrl forced Tinkler or Hunter sports to come up with a $20m bank guarantee before allowing the sale to him. I'm not sure what that is exactly but I'm going to guess this somehow involves having a $20m get out of the shit fund.
The tax bill is only $1.4m so they still need to rack up another $18.6m of bills before the get out of the shit fund runs out, so I'd say they're pretty safe.
 

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