Mining magnate says he “did his bit” for the club and the region.
Nathan Tinkler has officially walked away from NRL club the Newcastle Knights, amid disgrace over unpaid wages and alleged abuse of players.
Tinkler and the Hunter Sports Group released a statement covering his time at the helm of the club, also saying that jobs might be lost and finding for programs cut or reduced.
“I have done my bit for the town by investing more than $20 million and saving the Knights from liquidation and now it is time for someone else to step up to the plate,” Tinkler said.
“After injecting over $20 million of my own money it is time to stand aside, and hopefully the Knights will prosper and not revert to the old management style and formula that almost sent the club into liquidation three years ago.”