Nathan Tinkler's takeover of the Newcastle Knights has officially begun after his Hunter Sports Group completed the acquisition today.
Tinkler said "I am delighted the Hunter community will play an integral role in the development of the Knights to again become a powerhouse in the NRL."
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"The signs are good as the first grade team is set for the finals.
"Our focus is on developing the young talent in the Hunter Valley to become Knights, while welcoming many of our former players back to Newcastle."
Tinkler set down a $20 million bank guarantee plus in excess of $6 million in liabilities.