NATHAN Tinkler’s Hunter Sport Group says it will follow through with plans to return the Newcastle Jets A-League licence.
HSG announced today it had decided to stand firm on its earlier decision to hand back the licence, despiting u201clengthy discussionsu201d with Football Federation Australian over a possible compromise.
The group said it was confident of its legal position and would now u201cwelcome and look forward to any forthcoming legal action.u201d
HSG said in a statement today it had offered a peace deal to FFA which meant it would fulfil the licence agreement it held until 2012.
The terms of the deal included FFA reviewing a reported $4.5 million fee in the acquisition of the club’s licence and settling the ongoing Jason Culina insurance matter immediately with the financial liability shared between the Jets, FFA and Culina.