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May 1 (Reuters) – Newcastle Jets have done an about face and

decided to remain in Australia’s professional soccer league,

three weeks after team owners said they were relinquishing their

franchise following a loss of confidence in Football Federation

Australia (FFA).

Hunter Sports Group (HSG), owned by Nathan Tinkler, said

last month it had suffered an ‘irrevocable breakdown in

confidence’ in the FFA, who had come in for a raft of criticism

for their running of the league.

However, after mining magnate Tinkler met with FFA Chairman

Frank Lowy, the Jets agreed to continue in the 10-team league.

“Today, my confidence is renewed over Nathan’s personal

drive to make the Jets and the Hyundai A-League successful,”

Lowy said in a statement on Tuesday.

“We agreed on a way forward that addresses the issues HSG

have raised and we are now going to get on with developing the

game together in a key region for football.

“With more than 10,000 Jets members and an average crowd

this season over 12,000, HSG has demonstrated its ability to

engage with the community and to run a successful team and

club.”

Tinkler said he welcomed Lowy’s efforts to fix the problems

between the two, which Australian media said centred around an

acquisition fee that the owner was charged when he took on

Newcastle’s licence.

“Frank Lowy flew to Brisbane to meet with me face-to-face

and I took that as a sign of goodwill. It was a gesture I

certainly appreciated,” Tinkler said in a statement.

“I welcomed the opportunity to meet and discuss these issues

in person. We now have a way forward and I remain committed to

ensuring the Newcastle Jets is one of the most successful clubs

in the Hyundai A-League.”

HSG, who acquired the club 18 months ago, said they had

invested A$12 million ($12.49 million) in the side, who won the

title in 2008 but finished seventh in the standings last year.

The agreement is welcome news for the FFA, who have endured

a difficult year. In February, they terminated the licence of

Gold Coast United after a row over a slogan on the team shirts

with mining billionaire Clive Palmer accusing the FFA of acting

like dictators.

The demise of Gold Coast was offset by the FFA’s

announcement last month that a new team would take part next

season called Western Sydney.

Despite the problems, the FFA said the recently concluded

season had attracted record attendances since the league was

formed in 2005.

(Reporting by Patrick Johnston in Singapore; Editing by Peter

Rutherford)

($1 = 0.9606 Australian dollars)