Whitehaven sale has no impact on Newcastle Jets

The Tinkler Group today sold its stake in Whitehaven Coal at a 40 per cent premium over the current market price.

The Tinkler Group today sold its stake in Whitehaven Coal at a 40 per cent premium over the current market price.

Nathan Tinkler is the owner of the Newcastle Jets and Newcastle Knights.

Jets CEO Robbie Middleby has confirmed the sale will have no impact on the Jets- future and its commitment to football in the Hunter.

"In speaking with the Tinkler Group, they are happy with the outcome, particularly achieving a substantial premium in the current market," he said.

"Nathan remains as committed as ever to the Jets and this latest business decision is to be congratulated and naturally will have no impact on our preparations for the upcoming season."

Knights CEO Matt Gidley was equally positive about his football club's future.

"The sale of shares in Whitehaven at a 40 per cent premium is a positive for everyone and will have no impact on the Knights nor Nathan's commitment to the team and Newcastle,” Gidley said.

"We are extremely grateful to have someone like Nathan who has a genuine passion for the Knights, Newcastle and our junior development."