Tag: Nathan Tinkler
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TINKLER OFFERS LESS THAN A CENT IN THE DOLLAR TO CREDITORS
Former Knight’s owner, Nathan Tinkler, has offered to pay his creditors just a fraction of what he owes them. The ex-mining billionaire is bankrupt – owing more than 537 million dollars. His proposal – to pay back just one million dollars – equates to zero-point-two cents in the dollar.
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TINKLER QUITS AS CEO OF AUSTRALIAN PACIFIC COAL
Embattled businessman Nathan Tinkler has quit his roles as CEO of Australia Pacific Coal, a day after being declared bankrupt. Lawyers for the former billionaire have 21 days to lodge an appeal, after GE Commercial won its Federal Court case over money owed from the sale of his private jet. In a statement, Australia Pacific…
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DARTBROOK MINE COULD BE SOLD TO AUSTRALIAN PACIFIC COAL
Former mining magnate Nathan Tinkler could once again have a presence in the Hunter Valley. The controversial businessman – who’s the Chief Executive of Australian Pacific Coal – is in negotiations to buy the Dartbrook operation near Aberdeen. Anglo American is seeking to sell its 83 per cent share in the mine for up to…
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TINKLER LAUGHS OFF RUN-IN WITH MEDIA
Former Hunter billionaire Nathan Tinkler has been tracked down, living at a luxury Brisbane estate. The liquidator of his horse racing empire feared the one-time coal baron was on the run, and sought a warrant for his arrest, but Tinkler says it’s all a misunderstanding, and has laughed off a run-in with the media.
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TINKLER ‘LASHES OUT’ AT PHOTOGRAPHER
Former billionaire Nathan Tinkler has ‘lashed out’ at a photographer outside a Brisbane pub, while being questioned about his no-show in an Adelaide court. The embattled mining magnate was due to be examined in the Supreme Court about his former thoroughbred business, Patinack Farm. After he failed to appear on Monday, Judge Stephen Roder issued…
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ARREST WARRANT ISSUED FOR TINKLER
An arrest has been issued for Nathan Tinkler after he failed to appear in an Adelaide Court. Tinkler was due to be examined in South Australian Supreme Court today, about his liquidated thoroughbred business, Patinack Farm. When he failed to appear, Judge Stephen Roder issued an arrest warrant for the businessman.
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DEBTS OF $21M PUTS TINKLER’S JETS INTO LIQUIDATION
A meeting of creditors today voted to put Nathan Tinkler’s Newcastle Jets company into liquidation, due to debts of $21-million. Back in May, the former billionaire was stripped of the A-League licence by Football Federation Australia. The liquidators, Shaw Gidley, today said the only prospect of unsecured creditors receiving any payment was if an insolvent trading…
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FFA SENDS ANOTHER WARNING TO NATHAN TINKLER
Nathan Tinkler is another step closer to being stripped of the Newcastle Jets A-League licence, with player and staff wages still overdue this month. The FFA has told the club the situation needs to be resolved urgently, and that it’s preparing to take steps to address the matter. Several players have told NBN News that…
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JETS APPOINT NEW GM OF FOOTBALL OPERATIONS
The Newcastle Jets have appointed Chief Operating Officer of Football Queensland, Ben Mannion, as their new General Manager of Football Operations. He’ll begin his role on June 8. Meanwhile club owner Nathan Tinkler has been issued with an official reprimand and counselled on his behaviour, after he verbally abused a Newcastle Herald journalist following the…
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NATHAN TINKLER SPEAKS CANDIDLY ABOUT JETS AND FINANCES
Nathan Tinkler has spoken frankly in an exclusive interview to NBN News today, about the Newcastle Jets and his financial situation. Tinkler says he’s committed to the club and stands by the tough decisions that have been made, including the sacking of five key players mid-season. ”I have supported change and I am changing the…