Knights board to consider improved bid

Newcastle’s board of directors will meet tomorrow to consider an improved offer to buy the club by businessman Nathan Tinkler.

Tinkler, a mining tycoon who also owns the Newcastle Jets soccer team, has tabled a bid reputed to be worth $100 million.

The Knights’ directors are due to meet tomorrow (Wednesday) to consider the bid, which Tinkler says is his final offer.

In a message to fans, Knights chairman Rob Tew said the Tinkler bid would be called under close scrutiny.

He said: “Over the previous 12 months, we have invited and received expressions of interests from a number of parties including The Tinkler Group to financially assist the Newcastle Knights.

“It is incumbent upon us as directors to fully investigate those offers.

“Without a full analysis it is impossible to say at this point in time that The Tinkler Group’s offer is the best offer available or indeed a suitable model for our membership owned community club.

We feel it is our duty as elected representatives of the members to thoroughly consider all options with a view to achieve the best outcome on behalf of the membership.”

Tinkler’s previous offer of $10 million was turned down by the club in November.

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