Jets safe despite Tinkler's troubles

Football Federation Australia has assured Newcastle Jets fans that the club’s future is secure despite the fall-out engulfing besieged owner Nathan Tinkler.

The former billionaire is reported to be on the verge of relinquishing control of the rugby league team Newcastle Knights.

Hunter Sports Group, which operates both clubs for Tinkler, is embroiled in an ownership tussle with the Knights Members Club after defaulting on a $10.52million bank guarantee.

Football’s governing body says it has kept a close eye on the latest developments.

‘‘FFA has discussed the situation with the Newcastle Jets management today and we have been given an update on the club’s off-season plans,’’ an FFA spokesperson told the Newcastle Herald.

‘‘However, FFA is not in a position to comment about Hunter Sports Group’s business interests and dealings.

‘‘FFA can reaffirm its commitment to Newcastle’s place in the Hyundai A-League for season 10 and beyond.’’

It is not the first time the future of the Jets has been thrown into doubt.

Faced with mounting financial problems, Tinkler handed back the Newcastle licence in April 2012, sparking a stand-off with the FFA over a breach of contract.

FFA chairman Frank Lowy intervened and Tinkler retained ownership of the club.