Jets owner Martin Lee stripped of club licence

They are not supporting Newcastle at all! They are trying to hold on to the Foxtel and other A League sponsorship deals by keeping the Jets afloat. They don't give a poop about a struggling rival. And they definitely don't want the Jets to be too competitive under their funding as it could cost them points at their own clubs.

Time after time after bloody time this club has a new owner and after a few years they go broke and lose their licence. This cycle has to stop. We the fans of the Jets are fed up with this situation as we endure this horrible scenario over and over ..... it's heartbreaking and disappointing to say the least! Each rebuild, each new coach gives us hope, unfortunately very little is delivered. I can't remember the last time we had two decent back-to-back seasons ..... or if it ever happened! I'm tired of being optimistic for the future of our club, tired of team rebuilds and tired of a high turnover of coaches. Most importantly I'm tired of the broken promises of stability that come with new ownership of this club. What will happen if Central Coast go broke this season will they be bailed out by other clubs too? I can't see it happening.

People won't pay $1 per ticket if the Jets perform dismally this season. We are left with a depleted team. Don't get me wrong, the players will try hard enough but will also feel abandoned by their bigger named teammates that have left the club. Also with their big named coach leaving, players signing contracts with rival clubs for next year, what next???? The fans will also get disheartened and membership will drop off, and casual fans will not turn up either. This season unfortunately will not be a pretty one for the Jets.

The potential buyers would have run a mile once they had seen the club's books ..... only to find out that The Jets were deep in debt.

Interesting to see Lederer and the new owners of Newcastle selling discounted tickets for $10 each. Whatever the challenges that the Jets face right now, maybe Lederer has worked out that if you adopt a pricing policy for tickets to encourage community engagement, this might be the way to go. Interestingly, this is the Borussia Dortmund model of making tickets available for the average Joe and to fill the seats. Well done !

Yes not ideal I would be the first to say but better WSW, Sydney FC and WU own the club than it being left in the current state with Lee as the Licence holder. Funny that, two weeks ago Newcastle had harsh words for WSW over the poaching issue of manager and striker. Well they probably will need to thank them now ! Bottom line is we need clubs like the Jets so hats off to Lederer and the consortium. I just cant get my head around three clubs owning another.

The ultimate irony is they would have used the Lowy structure to strip the license and give it to a new entity. I dont know what they have planned for the new system, but the Lowy structure differs from the rest of the world , they strip the license and they dont have to pay off any existing debts the previous owner saddled the club with. If they bought the club off the existing owner they also end up with the existing debts , so strip the license and they get the club for free and without any debts. Elsewhere in the world thats where it gets complicated once a club is in financial trouble they have to do deals with the owners and existing creditors and it can lead to clubs ending up like Leeds and Rangers never recovering to their former glory.

Once upon a time the FFA would step in to run a club until it could re-sell the license. That may not have been an optimum situation, but this is clearly worse: three other clubs are effectively running another club. One of those clubs had already pinched the coach and half a dozen players! Another, Western United, is still busy trying to establish itself, and we don't even know who owns the club (and now they have a stake in another). Are the WU owners interested in picking up free real estate in Newcastle? Curiously, the wealthiest club of all is not partaking.

That’s strange. There is no mention of tickets for sale to the game on either the Jets or WSW web sites at present except as part of the announcement, so just turn up and pay on the day I suppose?

There were offers but he was looking for a better deal - then, unfortunately Covid came.

And all spectators under 16 should be FREE.

As all tickets should be for all clubs. Wouldn't we all rather have 15000 spectators at $20 each rather than 5000 at $30 each. The cheapest tickets I could buy to the Macarthur game last Sunday were over $30. Is that another reason why there were less than 5000 people?

Good And well done to Paul Lederer, Sydney FC and Western United for supporting Newcastle. Our comp needs them and hopefully they can be sold soon but what a difficult time for this process to occur. Can Craig Johnson and his Liverpool connections help? Hopefully they can get through this tough time with their fans and good times will come again. The good thing is they still have Laurie McKinna fighting for them - he appears to have been an absolute rock for the club and is working hard for a great outcome.

Yeah, that’s because he didn’t knock back several offers -

A strange decision for the "bosses" to make but not exactly a "new" solution . Back in 1974 when the NSL was first introduced, the "bosses" of Queensland football at the time decided it necessary to have 2 teams in the competition (in order that Perry Park be used every weekend).When Brisbane City walked out of the initial meeting the proverbial "s==t " hit the fan and the other clubs were saddled with a huge problem with directions from head office to get another team in 14 days. The other 14 teams in the local competition were made to attend a meeting at the local Greek Club and after hours of debate it was agreed that each club would contribute to the necessary $50,000 entry fee ($ 4,000 each). It was also recognised that there was nothing in the national, or state, constitutions, forbidding players to play in both comps this giving a 'reserve team to the aptly named Brisbane United, of 150 players. The debate, and meeting, finished at 2.30am. What happened to that idea, now being replicated? Under hand dealing saw Brisbane City named 2 weeks later as the other entrant with Brisbane LIons. All that effort got the obvious "kick in the teeth." Hopefully this won't happen to this latest effort. Cheers jb.

No, tickets are cheap as chips for non members on Friday night $10 adults $5 kids. Members in as normal.

I get the impression that only Jets season ticket holders ‘ members re going to be allowed inside on Friday.

Hard to say but I understand there have been interested parties in buying the Jets (Lee knocked back several offers reportedly) so strange he let it get to this

It's also interesting how tickets aren't even on sale yet when their first home match is on Friday night.

You'd hope so, but it's possible the reason he didn't sell was because there weren't any willing buyers.