The Newcastle Jets have denied owner Nathan Tinkler’s sale of his horse-racing and breeding interests will have any impact of the Hyundai A-League club.
The Newcastle Jets have denied owner Nathan Tinkler’s sale of his horse-racing and breeding interests will have any impact of the Hyundai A-League club.
Reports in the media have suggested that Tinkler has been forced to sell some of his racing interests to fund other business ventures, which has raised questions about Tinkler’s ownership of the Jets and NRL club Newcastle Knights, though the Hunter Sports Group.
But the Jets released a statement on Friday afternoon, saying that Tinkler’s external business deals would have no impact on either club.
“Following media reports today about Patinack Farm ‘s sale of horses as part of its thoroughbred breeding program, there has been some enquiries about potential implications for the Newcastle Knights and Newcastle Jets.
“This decision to sell the horses has no impact on either club and Nathan Tinkler’s commitment to both is unwavering.
“The Tinkler Group acquired both clubs that were in financial crises, extinguished their existing, heavy debt levels and invested considerable funds in them to continue operations and succeed.
“That program remains in place as is Mr Tinkler’s commitment to the Hunter region to ensure we have two strong football clubs of which the entire Hunter region can be proud.”
