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Newcastle Jets fans can apparently rest easy, despite the decision of owner Nathan Tinkler to end his long-held interest in Whitehaven Coal.

Hunter Sports Group has offered assurances the sale of the Tinkler Group's share in Whitehaven Coal will not affect the future of Newcastle Jets.

Nathan Tinkler, owner of A-League club the Jets and National Rugby League franchise Newcastle Knights, confirmed the sale of his company's stake in Australian mining company Whitehaven on Wednesday, having pulled out of a takeover bid in August 2012.

The future of the Jets and Knights has been uncertain in recent years - the Australian Tax Office issued winding up orders to the two teams in December last year over debts, with Tinkler making payment in instalments throughout the first half of 2013.

Prior to that, HSG in August 2012 threatened to return its licence to operate the Jets over perceived unfairness and inconsistency in Football Federation Australia's management policies.

With those episodes in mind, HSG has moved quickly to reassure supporters Tinkler's off-field activities will not affect the Jets.

"In speaking with the Tinkler Group, they are happy with the outcome, particularly achieving a substantial premium in the current market," he said, referring to the price Tinkler received for his Whitehaven shares.

"Nathan remains as committed as ever to the Jets and this latest business decision is to be congratulated and naturally will have no impact on our preparations for the up-coming season."

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