Nathan Tinkler has announced he's paid off Newcastle Jets' outstanding debts and claims he's now ready to revitalise the stricken A-League club, reports The Guardian. The mining magnate, who has been trying to sell the club since August, said in a statement that he's made payments of approximately $500,000 to a variety of creditors, partners and government organisations.
Tinkler's announcement follows the appointment of new club CEO Mitchell Murphy, who will start work on February 16.
"Today provides a fresh start for the Newcastle Jets," Tinkler said.
"We're introducing new drive and people into the organisation and will be setting new goals over the coming months.
On the playing front, the second-last placed Jets have been in crisis since their 7-0 thrashing by Adelaide United two weeks ago, with Tinkler sacking five senior players and three members of the coaching staff.
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