The failure of Nathan Tinkler's privatisation of the Newcastle Knights, and uncertainty over the fate of his soccer team the Newcastle Jets, adds weight to calls for an alternative to the "narcissistic" model of private ownership, which can leave beloved football clubs hostage to the whim and fortune of wealthy individuals.
Want to own a sports team? Tinkler and the ‘narcissistic’ ownership model
Nathan Tinkler's ownership of the Newcastle Knights NRL club shows the risk to fans in private ownership. Crikey examines the richies playing ball and the cost when it all goes wrong.