NZF Finances / Nix Licence

NZF Finances / Nix Licence

Does anyone know what the ramifications are of NZF holding the Nix's Licence to play in the A-League if in fact they are insolvent? Worse still if they were to be liquidated? I presume the FFA would simply take the licence back and pass it directly to Terry? Does anyone know the legal impications of this scenario? The FFA must be somewhat alarmed by the recent news of NZF's dire financial situation. Likwise OFC and FIFA.

I would assume you are correct but who knows.  Noises from the FFA are that they have been very happy with the Phoenix so I can't see there being any problem in the short term.  Indeed it's in the FFA's interests to leave the license with NZF because then if the Phoenix go downhill they've got a very easy way to get them out.

You would expect the licence agreement with NZS would inclde default clauses relating to financial solvency. So yes, it is likely that the FFA could pull the plug on NZS and the Phoenix would be stuffed as they are unlikely to be a party to that agreement. In fact, most default clauses kick in before actual insolvency.

However, in reality as smithy says the FFA are very happy with the Phoenix so if it came to that would probably just transfer the licence directly to the Phoenix.