HSG remain on target for takeover

The Hunter Sports Group today confirmed the takeover of the Newcastle Knights was proceeding and would be completed in the near future.

Several issues outside the control of the Hunter Sports Group have been experienced with the transfer of contracts and the many legal issues that have had to be fulfilled in this major transformation for the Club.

A meeting between the current Knights' Board and senior management from the Hunter Sports Group has been organised to take place in the next few days to ensure all responsibilities, cash injections and cash-flows will be met in the count down to June 30th.

The Hunter Sports Group wish to reiterate the sale will definitely proceed and will not be making further comments in the media.