A Nathan Tinkler offer of less than $15,000 to settle $50 million in debts has been recommended for rejection by the administrator of a Tinkler company, Hunter Ports Pty Ltd (Administrator Appointed).

This offer and a wealth of detail about the controversial businessman's affairs – including sponsorships of the Newcastle Knights and Newcastle Jets – are set out in a January 14 report from Hunter Ports administrator Thomas Dawson of Sydney firm DCL Advisory.

A wealth of detail about the controversial businessman's affairs are set out a report from Hunter Ports administrator Thomas Dawson of Sydney firm DCL Advisory. Credit:Nic Walker

The coal terminal was never built but Mr Dawson's report said Mr Tinkler still valued a "rights agreement" to build it at about $25 million. Mr Dawson said the 2010 agreement with the state government had "seemingly expired" and Buildev – the company that "ultimately holds this asset" – was put into liquidation on December 10.

Mr Dawson said Mr Tinkler had not provided "any justification" for the $25 million figure and he put "no value" on it. He said it was "necessary to note" that the Hunter Ports directors – Mr Tinkler and his sister Donna Jane Dennis – were involved with "multiple related entities". Mr Tinkler was a current director of 78 registered companies and the director of 12 companies "currently under external administration". He had also been a director of 28 deregistered companies, including four that were deregistered after an insolvency administration. Ms Dennis was a current director of 58 registered companies and had been a director of 13 companies "currently under external administration".