The NRL said it will continue to lead negotiations with various parties to secure the future of the Newcastle Knights.
The Hunter Sports Group today confirmed that it will have no future role in the Knights.
“Negotiations over the new ownership structure of the Newcastle Knights are advancing and will continue next week,” Head of Club Services, Mr Tony Crawford, said.
“We remain focussed on ensuring the Newcastle Knights remains a strong and healthy club in the interests of its players, staff and fans.”
Mr Crawford said no further comments on the negotiations will be made until they have been finalised.