Harvey moves to snap-up Tinkler's racing operations

Negotiations are underway for the sale of financially troubled mining magnate Nathan Tinkler's Patinack Farm and his prize-winning racehorse All Too Hard.

Vinery Stud - part owned by retail boss Gerry Harvey and Black Caviar's owner Neil Werrett - has confirmed it has put in a bid to buy the Caulfield Guineas winner, and 140 acres of Patinack Farm from the fallen billionaire.

General manager of the stud, Peter Orton, says the asking price is well below a reported $30 million.

The news comes just weeks after another two of Mr Tinkler's companies were placed in liquidation and his private jet was seized.

This week the tax office launched proceedings to wind up Newcastle's NRL and A-League clubs, the Newcastle Knights and the Jets, which are owned by Mr Tinkler's Hunter Sports Group.

Documents show the Knights have debts of $1.4 million, while the Jets owe just over $1 million and HSG has debts of $184,000.

Senior figures in the clubs say Mr Tinkler is working quickly to pay the tax office debt.

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