Tuesday, 24 April 2012

Jets Return Their A-League License


April 10th, 2012
Newcastle Jets owner, Nathan Tinkler wants to close the club and give back his license to the A-League, however, the FFA will not accept it. In an interview with the FFA Chief, it is clear that he is standing firm on the Jets license. He stated that Nathan Tinkler had a long period of time to pay off his 3.5 million payments, however, due to over investing in their players, administration, and coaching staff, they were face to face with a financial loss. The FFA withheld their quarterly grant for this reason and believes that they had reasonable time to pay their payments according to their contract. In my opinion, if one has a business contract, they must uphold the agreements. I do agree that this should be handled lawfully in the courts. It is not fair for the players to be ripped of their jobs because their manager did not uphold his end of the agreements.

No comments:

Post a Comment