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Scum in turmoil
- Thread starter northernspirit
- Start date
MrCelery
Well-Known Member
Partly right. The crying and whinging are still there:
http://www.foxsports.com.au/story/0,8659,27744075-5000940,00.html
I wonder what happens to all the Jets creditors.
Blackadder
Well-Known Member
Adios Con, looks like your back to Parklea Markets. 
If there are any, in court as usual or Tinkler might take them over for goodwill. But i was under the impression most, if not all credit lines ceased long ago and he was required to pre pay for services. He has had credit problems for 10 years, which you would be aware of, no doubt. Bad credit risk = no credit + poor liquidity x extended period = goodbye.
MagpieMariner
Well-Known Member
Last night, for the first time, I almost (I said almost) felt sorry for the Jets. I felt they were the better team for most of the night and then get done by a screamer at 89.
neverwozza
Well-Known Member
I really hope everything turns out OK but the article below is a bit of a worry. I wouldn't like to be the coach.
http://www.smh.com.au/sport/horseracing/mining-boss-rocks-racing-20100402-rjrh.html
Mining boss rocks racing April 3, 2010
Tom Reilly explains why the tycoon Nathan Tinkler's operation was dubbed 'Pat'n'Sack'.
With more than $7 million in prizemoney, the Golden Slipper card at Rosehill is a day for racing's biggest hitters. And few on the track come as big as the mining magnate Nathan Tinkler.
While his name might not be as established as racing royalty, he spends like a man with his eye on the throne. But despite investing more than $100 million in racing and breeding in little more than two years, there are some who question whether he is good for the sport.
Tinkler started off as an electrician in Queensland coalmines but through hard work and daring deals amassed a $450 million fortune by the age of 31. The larrikin father of four is young, rich and highly ambitious - the wealthiest Australian under 40.
Advertisement: Story continues below
Click for more photos
2010 Golden Slipper at Rosehill
Winner Crystal Lily, ridden by Brett Prebble. Photo: Jenny Evans
..He announced his arrival as a major player in racing with the subtlety of a sledgehammer. Having only dabbled in horse ownership previously, in early 2008 Tinkler went on a spending spree, becoming the biggest buyer at all the main thoroughbred sales in Australia and New Zealand.
At a time when the bloodstock industry was struggling with the after-effects of equine influenza, the investment led many to hail Tinkler as a saviour.
His new racing friends include the Sydney advertising man and avid horse breeder John Singleton. Two years on, however, there are fewer people in the sport prepared to pay the 33-year-old that compliment. His breeding and racing operation, Patinack, was quickly dubbed "Pat'n'Sack" following a revolving door of hirings and firings. More controversially, Tinkler is involved in a legal battle with one of those sacked, the trainer Anthony Cummings.
Cummings, son of Bart, served papers in the Supreme Court demanding $173,000 in unpaid training fees. Tinkler counter-sued for $6.4 million. Many who have had dealings with Tinkler are sympathetic with Cummings.
"I had no problem with Tinkler personally but I couldn't run a business when I wasn't being paid for my services," the leading New Zealand trainer Roger James told the Herald.
James was given the fillies Aldulterer, Strike On Goal and Upper Class to train by Tinkler in 2008. Aldulterer has been placed in a prestigious race. The other pair have shown promise in winning trials.
Despite that success, by last month Tinkler had failed to pay for their training for more than six months. For the first time in his 21-year training career, James used a New Zealand law which allows those owed money to sell the property of a debtor.
The Cambridge-based trainer organised the auction of the three horses for March 12, but the sale did not go ahead.
"At the 11th hour Patinack came up with the money they owed and the auction was called off,'' James said. ''It was a shame as the horses had ability but it seemed I wasn't going to get the money any other way.''
But it is not just on the other side of the Tasman where there are issues about Tinkler settling debts. The Herald understands that Tinkler's former private trainer Jason Coyle is still owed a substantial sum, even though he has not saddled a horse for the tycoon in six months.
The treatment of Coyle is often cited by those critical of Tinkler.
After the sacking of Cummings, Coyle was installed at Sydney's Warwick Farm racetrack with about 100 horses in work. For a trainer who had been preparing 20 thoroughbreds in Newcastle, it was a huge promotion and one some experts thought would fail.
But the Patinack horses enjoyed a rich run of success, with Onemorenomore and Linky Dink claiming two of Australia's five top races for two-year-olds, among several stakes winners.
Despite this, after just nine months, Tinkler brought in Bart Cummings's assistant, John Thompson, to work with Coyle last September. A few weeks later it was announced that Coyle would no longer be directly employed by Patinack.
Although he was sent 14 of Tinkler's horses after setting up at Randwick it was an arrangement that would not last. Within months Patinack removed its horses without paying a training bill. About $70,000 was left outstanding, of which a proportion is still to be paid.
Coyle would tell the Herald only that ''I am still seeking payment from Patinack.''
Another to suffer at Tinkler's hands was young Warwick Farm trainer Gabby Englebrecht, who trained five horses. After watching Tinkler sack Coyle and remove 30 horses from the trainer Mick Price, she sought clarification from Tinkler about her future. He emailed her, saying she was an important part of "Patinack's long-term future''. Within three weeks the gallopers were taken away at 24 hours' notice; $5000 in fees were left unpaid until last month.
"It's disappointing when an owner takes horses away but that's part of racing," Englebrecht says. "What's really frustrating is when a man of Tinkler's wealth … doesn't want to pay … and you end up in battling for months … to get what you're owed.''
But Patinack's chief executive, Peter Beer, who declined to forward questions to Tinkler, insists these cases are rare exceptions and that Tinkler's wealth has brought great benefits. ''I think he's a strong force for good,'' Beer said. ''He's building an amazing organisation which will go on for the next 10, 20 and 30 years. If you talk to people who work for him you'd understand that.''
http://www.smh.com.au/sport/horseracing/mining-boss-rocks-racing-20100402-rjrh.html
Mining boss rocks racing April 3, 2010
Tom Reilly explains why the tycoon Nathan Tinkler's operation was dubbed 'Pat'n'Sack'.
With more than $7 million in prizemoney, the Golden Slipper card at Rosehill is a day for racing's biggest hitters. And few on the track come as big as the mining magnate Nathan Tinkler.
While his name might not be as established as racing royalty, he spends like a man with his eye on the throne. But despite investing more than $100 million in racing and breeding in little more than two years, there are some who question whether he is good for the sport.
Tinkler started off as an electrician in Queensland coalmines but through hard work and daring deals amassed a $450 million fortune by the age of 31. The larrikin father of four is young, rich and highly ambitious - the wealthiest Australian under 40.
Advertisement: Story continues below
Click for more photos
2010 Golden Slipper at Rosehill
Winner Crystal Lily, ridden by Brett Prebble. Photo: Jenny Evans
..He announced his arrival as a major player in racing with the subtlety of a sledgehammer. Having only dabbled in horse ownership previously, in early 2008 Tinkler went on a spending spree, becoming the biggest buyer at all the main thoroughbred sales in Australia and New Zealand.
At a time when the bloodstock industry was struggling with the after-effects of equine influenza, the investment led many to hail Tinkler as a saviour.
His new racing friends include the Sydney advertising man and avid horse breeder John Singleton. Two years on, however, there are fewer people in the sport prepared to pay the 33-year-old that compliment. His breeding and racing operation, Patinack, was quickly dubbed "Pat'n'Sack" following a revolving door of hirings and firings. More controversially, Tinkler is involved in a legal battle with one of those sacked, the trainer Anthony Cummings.
Cummings, son of Bart, served papers in the Supreme Court demanding $173,000 in unpaid training fees. Tinkler counter-sued for $6.4 million. Many who have had dealings with Tinkler are sympathetic with Cummings.
"I had no problem with Tinkler personally but I couldn't run a business when I wasn't being paid for my services," the leading New Zealand trainer Roger James told the Herald.
James was given the fillies Aldulterer, Strike On Goal and Upper Class to train by Tinkler in 2008. Aldulterer has been placed in a prestigious race. The other pair have shown promise in winning trials.
Despite that success, by last month Tinkler had failed to pay for their training for more than six months. For the first time in his 21-year training career, James used a New Zealand law which allows those owed money to sell the property of a debtor.
The Cambridge-based trainer organised the auction of the three horses for March 12, but the sale did not go ahead.
"At the 11th hour Patinack came up with the money they owed and the auction was called off,'' James said. ''It was a shame as the horses had ability but it seemed I wasn't going to get the money any other way.''
But it is not just on the other side of the Tasman where there are issues about Tinkler settling debts. The Herald understands that Tinkler's former private trainer Jason Coyle is still owed a substantial sum, even though he has not saddled a horse for the tycoon in six months.
The treatment of Coyle is often cited by those critical of Tinkler.
After the sacking of Cummings, Coyle was installed at Sydney's Warwick Farm racetrack with about 100 horses in work. For a trainer who had been preparing 20 thoroughbreds in Newcastle, it was a huge promotion and one some experts thought would fail.
But the Patinack horses enjoyed a rich run of success, with Onemorenomore and Linky Dink claiming two of Australia's five top races for two-year-olds, among several stakes winners.
Despite this, after just nine months, Tinkler brought in Bart Cummings's assistant, John Thompson, to work with Coyle last September. A few weeks later it was announced that Coyle would no longer be directly employed by Patinack.
Although he was sent 14 of Tinkler's horses after setting up at Randwick it was an arrangement that would not last. Within months Patinack removed its horses without paying a training bill. About $70,000 was left outstanding, of which a proportion is still to be paid.
Coyle would tell the Herald only that ''I am still seeking payment from Patinack.''
Another to suffer at Tinkler's hands was young Warwick Farm trainer Gabby Englebrecht, who trained five horses. After watching Tinkler sack Coyle and remove 30 horses from the trainer Mick Price, she sought clarification from Tinkler about her future. He emailed her, saying she was an important part of "Patinack's long-term future''. Within three weeks the gallopers were taken away at 24 hours' notice; $5000 in fees were left unpaid until last month.
"It's disappointing when an owner takes horses away but that's part of racing," Englebrecht says. "What's really frustrating is when a man of Tinkler's wealth … doesn't want to pay … and you end up in battling for months … to get what you're owed.''
But Patinack's chief executive, Peter Beer, who declined to forward questions to Tinkler, insists these cases are rare exceptions and that Tinkler's wealth has brought great benefits. ''I think he's a strong force for good,'' Beer said. ''He's building an amazing organisation which will go on for the next 10, 20 and 30 years. If you talk to people who work for him you'd understand that.''
midfielder
Well-Known Member
A common thing about all self made business folk is they want a say in things they own... I just hope that Tinkler is not another Clive...
dibo
Well-Known Member
tinkler's bought in for ten years. huge commitment, good on the bloke.
the next move on that front i'm sure will be to try to bring the knights under his control as well to form a club like 'sporting newcastle' and run the two clubs as branches of one operation. smooths the cashflow and takes back the whip hand on things like stadium negotiations.
the next move on that front i'm sure will be to try to bring the knights under his control as well to form a club like 'sporting newcastle' and run the two clubs as branches of one operation. smooths the cashflow and takes back the whip hand on things like stadium negotiations.
bulldogmariner
Well-Known Member
Great News coming out of Jets.
http://au.fourfourtwo.com/news/192361,ljubo-quitting-to-jet-off-os.aspx
http://au.fourfourtwo.com/news/192361,ljubo-quitting-to-jet-off-os.aspx
midfielder
Well-Known Member
Picture of Jets in their new shirts...
http://thebestpictureproject.files.wordpress.com/2010/09/fugitive_from_chain_gang1.jpg
http://thebestpictureproject.files.wordpress.com/2010/09/fugitive_from_chain_gang1.jpg
MrCelery
Well-Known Member
OK which one of you stole Tinkler's Ferrari? ;D
On a more serious note, my daughter participated in a Macquarie Football Under 8 football Gala Day on the weekend at Speers Point, which is supposed to be Scum 'injun territory'. Many hundreds of kids and parents took part. What struck me most was that I didn't see a single piece Jets clothing. Plenty of knuckle-dragging Newcastle Knights gear though.
And there was not a sign of any Jets promotion whatever.
Major fail in my opinion. So much for community grassroots connections with the A-League.
I hope Central Coast Gala Days fair better, and CCM colours are everywhere, and the club is involved.
On a more serious note, my daughter participated in a Macquarie Football Under 8 football Gala Day on the weekend at Speers Point, which is supposed to be Scum 'injun territory'. Many hundreds of kids and parents took part. What struck me most was that I didn't see a single piece Jets clothing. Plenty of knuckle-dragging Newcastle Knights gear though.
And there was not a sign of any Jets promotion whatever.
Major fail in my opinion. So much for community grassroots connections with the A-League.
I hope Central Coast Gala Days fair better, and CCM colours are everywhere, and the club is involved.
Atomic
Well-Known Member
The simple answer is... with a little help from a friend
http://www.youtube.com/watch?v=MXyrr6OWd3Y
MrCelery
Well-Known Member
The simple answer is... with a little help from a friend
http://www.youtube.com/watch?v=MXyrr6OWd3Y
F
king brilliant Recky, Atomic! Pure gold!There's got to be a stunning banner for next season right there!
MrCelery
Well-Known Member
To have any chance at all, it would have been Jenny Craig surely!
elevated position
Well-Known Member
wish we had a fat Tony or Tinkler
Atomic
Well-Known Member
If by "Fat Tony" you mean Clive Palmer, then all I have to say to that is thank f**k he never darkened our doorstep with his ample shadow.
Tinkler seems to be a sports fan, so someone like him would be good but Clive? He's just an egotistical megalomanic. He's a cancer that would bring us misery.
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