Key Points
The termination is based on the entity’s failure to pay its debts as and when they were due, which placed it in material breach of the Club Participation Agreement.
A new licence will be issued to an entity owned and controlled by a consortium of existing APL club investors, who will operate the licence on an interim basis until a new investor is secured. The Newcastle Jets will continue to participate
in APL competitions and current players of the Newcastle Jets will be offered contracts with the new entity.
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