Sport

NRL backs Newcastle Knights

Mining magnate Nathan Tinkler (left) and former Knights player Paul Harragon.
Mining magnate Nathan Tinkler (left) and former Knights player Paul Harragon. Cameron Spencer - Getty Images

THE Storm clouds continue to gather over Newcastle Knights and owner Nathan Tinkler after the Tax office moved to have the club wound up yesterday.

Federal Court documents filed in Sydney on Wednesday showed the Deputy Commissioner of Taxation had applied to have the Newcastle Knights, Newcastle Jets soccer club and the parent company, Hunter Sports Group, wound up over unpaid debts totalling almost $2.7 million.

The tax office is claiming Hunter Sports Group owes $184,257, the Newcastle Knights owe $1.424 million and the Jets $1.063 million.

A spokesman for the under-seige mining magnate said the Tax Office move had taken the Group by surprise, but added the debt would be paid.

Australian Rugby League Commission chairman John Grant said he was confident the club's short-term future was secure given Tinkler had to lodge a $20 million bank guarantee when he bought the Knights last year.

"I think the Deputy Tax Commissioner would go for everything he possibly could ... we understand that," Grant said.

"But from our point of view, the agreement that was struck with the Knights has a bank guarantee to support it.

"We're standing behind the players ... our obligation is directly to the players - we demonstrated that during the Titans situation.

"The (Newcastle) club has got great membership, a great team, a dedicated local area for footy ... it will emerge out of whatever happens."

The NRL demonstrated that concern for the players later in the day when it informed Hunter Sports Group the league's next club grant payment due later this month (worth $583,333), must go toward player superannuation payments before being used for anything else.

Interim CEO Shane Mattiske said it was important that we, "ensure all commitments are met to players and staff, and we are simply ensuring through the payment of the grant that these are a priority."

News of the Knights' problems overshadowed yesterday's ongoing salary cap discussions.

But Grant said he still held hope his Christmas stocking would include an agreement covering player payments for the next five years.

Players and NRL representatives have been locked in talks to try to agree on a new salary cap to start next season, with speculation the present $5 million limit would be increased to $5.8 million, and increased by a much lesser amount for each of the following four years.

"The view of our group and the players' group is we're headed in the right direction," Grant said.

"It (an agreement) would be a great Christmas present. To get it off our agenda before Christmas would be good for everyone."

Topics:  debt, nathan tinkler, newcastle knights, nrl, rugby league



A singin' theatre success

SPLASH OUT: The new Australian production of Singin' in the Rain is  playing at QPAC'S Lyric Theatre until October 30.

Old classic takes on new life in Australian production.

Police news in five minutes, September 26

Tweed Heads police.

Teen held up, knife arrest and man arrested after doing burn-out

Charities shouldn't be out of pocket

COMMUNITY SUPPORT: Tweed Shire Council candidate Michael McNamara with Rotary Club of Murwillumbah Central president Peter Kelly and executive secretary Denis Hallworth at the club's regular fundraising sausage sizzle.

Council candidate calls for a community group policy review

Local Partners

A singin' theatre success

SPLASH OUT: The new Australian production of Singin' in the Rain is  playing at QPAC'S Lyric Theatre until October 30.

Old classic takes on new life in Australian production.

Josh Brolin and Kathryn Boyd tie the knot

Josh Bolin marries in front of close friends and family

Marilyn Manson wants a 'nice' girl

Marilyn Manson wants a girl who understands both of his identities

Angelina turns to Depp for consolation after divorce

Brad Pitt and Angelina Jolie with their six children

Angelina Jolie is reportedly being consoled by Johnny Depp

Conner's food distraction leads to elimination

Australian Survivor contestant Conner Bethune.

HUNGER gets to castaway as Australian Survivor's tribes merge.

Bonus point gets Dan and Carleen over the line on The Block

Dan and Carleen in their winning living and dining rooms in a scene from The Block.

BABY boomers win living and dining week as show hits halfway mark.

Casuarina sets the benchmark in Tweed market

Our property market is as strong as it's been since the crisis

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'

Couple build their own 'tiny house' for $45k

Holly Bowen and Oli Bucher built their "tiny house" themselves, only hiring a plumber and an electrician. Photo/supplied

The house, which is built on a trailer and can be towed.

Sunshine Beach property breaks real estate record

The property overlooks Sunshine Beach, as the backyard lawn meets the sand.

Sunshine Beach mansion sale smashes real estate record

SOLD: Historic hotel finds new owner

Post Office Hotel Grafton

Photo Adam Hourigan / The Daily Examiner

Pub in new hands and heading in a brand new direction

Peppers Airlie Beach put on the market

ON THE MARKET: Peppers Airlie Beach is being for recievership sale by CBRE Hotels and PRD Nationwide Airlie Beach.

Peppers Airlie Beach is being offered for sale.