THE horseracing interests of self-made mining magnate Nathan Tinkler are in deep financial crisis after having failed to meet the superannuation payments of its workers since November, says a front-page report in The Age/SMH. It says: Internal documents from Mr Tinkler's racing company, Patinack Farm, show staff are on the point of ''mutiny'' after a series of failed promises to have the unpaid superannuation made up. It is also understood that, following complaints from employees, the Australia

THE horseracing interests of self-made mining magnate Nathan Tinkler are in deep financial crisis after having failed to meet the superannuation payments of its workers since November, says a front-page report in The Age/SMH.

It says: Internal documents from Mr Tinkler's racing company, Patinack Farm, show staff are on the point of ''mutiny'' after a series of failed promises to have the unpaid superannuation made up.

It is also understood that, following complaints from employees, the Australian Taxation Office has begun an investigation.
In one internal email seen by Fairfax, staff were told the delay was due to ''cash flow management'', while in another correspondence a member of the accounts team admits: ''It's very frustrating for everyone - I haven't got mine either!''

The staff member said it needed to be resolved soon ''or there's going to be a mutiny''. The failure of Patinack to meet its wage responsibilities comes as Mr Tinkler, whom BRW estimated to be worth $915 million, was last week unable to raise $28.4 million to fulfil an obligation to buy a 34 per cent stake in the listed coal company Blackwood Corp.

On Friday, Fairfax revealed Mr Tinkler unsuccessfully tried to sell his racing and breeding interests to a Qatari sheikh for $200 million, about $100 million less than he has pumped into the sport in the past four years.