Tinkler’s 10-year $100 million deal to take over the NRL club appears doomed after the wealthy Hunter businessman accused the Knights publicly of “not having a clue”.

''There are plenty of other charities in Newcastle that this money can be used for and I don't think they will be as near as hard to deal with,'' Tinkler told the Newcastle Herald .

What this means for the Jets is two-fold. Firstly, the somewhat controversial move to dump the club’s gold shirts for the Knights’ blue and red home kit appears off the agenda.

Tinkler, said to be worth over $600m, stated that if he was to take over the struggling rugby league club he wanted both teams to align the Newcastle brand and play in the same home kit of blue and red stripes.

The proposal caused an uproar with many active Jets fans and members deluging the A-League club’s office to register their complaints.

However a U-turn now could be problematic with designs understood to be well advanced with the new strip in the new colours with Jets new kit supplier, ISC, for next season.

The second implication is compensation for pitch damage and subsequent postponement and relocation of two A-League games last October could be back on.

Tinkler said he now intended to pursue $250,000 in compensation on behalf of the Jets from a motocross event at EnergyAustralia stadium that forced the A-League club to postpone one game and relocate another A-League match to Port Macquarie.

Tinkler also said he’d call in the money he said the Knights owed him – said to be around $500,000.

Tinkler added a final swipe at the Knights. “If you don't want the support, OK, the support is not there. You have rejected my offer.”