Led by head of A-League Damien de Bohun, the powerbrokers will meet with Northern NSW Football, various Newcastle business and civic leaders and other key stakeholders.

Tinkler’s A-League licence, which was held by Hunter Sports Group, was terminated late Wednesday after the fallen mining tycoon placed the club into voluntary administration, listing debts of $2.7 million.

FFA had given Tinkler until 4pm on Wednesday to pay this month’s salaries and clear other debts, including superannuation, $40,000 rent at their University of Newcastle training base and hiring fees at Hunter Stadium.

It was the third time in the past four months that Tinkler had failed to pay wages on time.

“HSG has behaved in a deplorable way towards the players and staff of the club in failing to meet basic obligations to pay wages,’’ FFA chief executive David Gallop said.

‘‘Anyone who takes control of a sporting club has an obligation to respect the people and the traditions of that club.

“HSG has failed miserably to in this regard. Today’s action to terminate the licence is the first step to restoring the proud traditions of football in Northern NSW.’’

In an act of goodwill, the governing body will pay the monthly salaries that players and staff are owed.

Player contracts for next season and beyond will be transferred over to the new entity.

However, coaching and administration staff will have their positions reviewed.

The intellectual property of A-League clubs is owned by the FFA.

The governing body said the team would remain in Newcastle, but the name and colours of the club would be determined in consultation with members.

Dundee United chairman Stephen Thompson, who had previously held takeover talks with Tinkler, has re-emerged as a possible buyer.

FFA does not plan to control the club long-term, but it is unlikely to consider a sale until the organisation has been stabilised, which could take up to 12 months.

It followed a similar process with Western Sydney Wanderers before finalising a sale last year.

‘‘First of all, we will listen to all the key stakeholders in Newcastle and the Hunter Valley,’’ Gallop said.

‘‘This region has incredibly strong community values, and any future ownership needs to have people at the heart of things.

“That’s a core value for football in Australia and something we are very committed to in relation to the A-League club in Newcastle.”

Gallop said the governing body had taken action to  ‘‘protect the interests of the football community in Newcastle and the Hunter Valley’’ and to ‘‘safeguard the image and reputation’’ of the league.

Tinkler’s exit, four and half years after he took control from a financially crippled Con Constantine, capped a horror season.

The Jets collected the wooden spoon on the way to the club’s worst campaign on record.

In an unprecedented move, five senior players and three coaching staff were sacked in January.

Tinkler was reprimanded by the FFA this month after a verbal attack on a journalist in which he said ‘‘I hope you get cancer and die’’.

In March, Tinkler reportedly borrowed more than $1million from billionaire Gerry Harvey, apparently to help finance the Jets.

On Wednesday, Harvey told Ben Fordham in a radio interview on 2GB that Tinkler owed him $8million but was confident he would ‘‘get the money back eventually’’.

Gallop warned Tinkler in February that he had ‘‘a matter of days’’ to honour his commitments, but despite the one-time billionaire insisting at the time that the superannuation would be ‘‘sorted out’’ imminently, it remains outstanding.

Tinkler’s capacity to pay his players has been hindered for the past four months by a garnishee order that has enabled the Australian Tax Office to seize the $250,000 monthly grant the Jets are supposed to receive from FFA.

Despite the uncertainty surrounding Tinkler’s financial position, he has continued in recent weeks to insist that the club will spend its full salary cap and recruit Australian and overseas marquee players for next season.

Embattled Jets coach Phil Stubbins travelled to Europe three weeks ago on a scouting trip.

Stubbins did not return phone calls or respond to messages from the  Herald on Wednesday.

Assistant coach James Pascoe said he had not been contacted, nor had Mark Jones, who is in Bali on holiday.

‘‘I have not heard from FFA, but they had to approve my contact so assuming all will be OK,’’ Jones said.

This article first appeared on The Herald website.