Newcastle Jets may fold if FFA does not rescue | Thebigtip

By Liam Fitzgibbon @ Fox Sports

Newcastle Jets chief executive John Tsatsimas has painted a bleak picture for the troubled club, saying they could fold unless financial assistance is forthcoming.

Speaking after the Jets' scoreless draw with Brisbane Roar at EnergyAustralia Stadium, Tsatsimas said the club's financial concerns would come to a head this week and a meeting with FFA was planned for Monday.

He admitted the club simply did not have the money to pay their staff and players, who have been without wages for the past two weeks.

"It's a big concern and we're having more discussions with the FFA tomorrow but it can't go on,'' Tsatsimas said.

"It has to have some sort of end to it and now, because it will play on players' minds.

''... We are at an impasse and I don't resile from that.

"It's a major concern from where I sit because we have people who have been united for two weeks now, but there comes a point where that will end.

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