NEWCASTLE Jets owner Nathan Tinkler has revealed he has put the financially embattled A-League club into voluntary administration with debts of $2.7 million.

Tinkler says Scottish club Dundee United is ready to step in and buy the Jets for just under $5 million with a sale imminent.

But he claims the FFA may attempt to step in and take back the licence before any sale proceeds.

Read the full story at The Daily Telegraph