Wellington Phoenix Men

April 18th - D-Day

890 replies · 29,536 views
about 15 years ago · edited over 13 years ago
rjmiller wrote:
I've just got a bad feeling this has gone beyond a cash flow problem to an equity problem. I'm not sure there is enough left to sell or mortgage given the depressed state of the market. One possible ray of hope is that Bollard just slashed interest rates by 0.5%. Not sure how much Terry will have on floating but if its a sizable chunk it will save tens of thousands a week.


Majority of his funding is likely to be in the "impaired" category and will be attracting penalty rates so i doubt that is  going to be a big help
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about 15 years ago · edited over 13 years ago
Herald report wrote:
The promise of a US$100 million loan from controversial overseas financier WGA secured the reprieve.


... so the ACC and IRD have confidence in Ali Syed now?!?

Ramming liberal dribble down your throat since 2009
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about 15 years ago · edited over 13 years ago
Got no idea what is going on with this now. I was convinced it was a scam. Silence from Nippert is promising though.
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about 15 years ago · edited over 13 years ago
Perhaps Terry has shown the IRD and ACC some evidence that we mortals are not privy to which contradictions wikifrauds.net's pretty convincing arguments that it is a scam. Or maybe there's some other reason for the ACC/IRD letting it drag out for more than a month more? I can't imagine that they would do so if they believed the wikifrauds line of argument.

Ramming liberal dribble down your throat since 2009
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about 15 years ago · edited over 13 years ago
Doloras wrote:
Perhaps Terry has shown the IRD and ACC some evidence that we mortals are not privy to which contradictions wikifrauds.net's pretty convincing arguments that it is a scam. Or maybe there's some other reason for the ACC/IRD letting it drag out for more than a month more? I can't imagine that they would do so if they believed the wikifrauds line of argument.
 
You will generally find authorities do as much as possible to stop liquidation from happening. Not in the interest of the IRD to go to liquidation and possibly not get all the money thats owed to them.
 
If they can see there is a plan to repay the money, they will see it in their interest to extend the time to raise the funding...
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about 15 years ago · edited over 13 years ago
& they have the privisor that they can liquidate within 24 hours if the debt increases, so they have their safeguard.
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about 15 years ago · edited over 13 years ago
zonknz wrote:
http://www.nbr.co.nz/article/serepisos-lives-another-day-sword-damacles-hangs-ne-87958]


"Nice one trying to get a comment from the Yellow Fever. Made you come across really personable."

I hope that was sarcastic. Did anyone from YF talk to Mattnipp and if so did you say anything hilarious or cutting?

Ramming liberal dribble down your throat since 2009
This forum needs less angst and more Kate Bush threads



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about 15 years ago · edited over 13 years ago
Has a chunk of the existing IRD debt been paid or not? Surely if it had, Nippert should have mentioned it?
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about 15 years ago · edited over 13 years ago
He does say:

"Proceedings began in dramatic fashion with Mr Serepisos' lawyer Justin Toebes requesting a 10-minute adjournment to confirm a payment had been made."
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about 15 years ago · edited over 13 years ago
...assuming he doesn't mean $10000 in non-sequential bills in a brown bag.

Just joking, m'lud.
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about 15 years ago · edited over 13 years ago
And now Marco can re -sign!
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about 15 years ago · edited over 13 years ago
sthn.jeff wrote:
And now Marco can re -sign!

i like that idea


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about 15 years ago · edited over 13 years ago
Well, I'm happier than I was yesterday.
 
At the very least it looks like Terry has paid off some of the cash and now he's got 4 weeks to get Plans A, B, C, D, E and F into gear to sort out the rest.

Apparently I'm apathetic, but I couldn't care less.

"Being a Partick Thistle fan sets you apart. It means youre a free thinker. It also means your team has no money." Tim Luckhurst, The Independent, 4th December 2003

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about 15 years ago · edited over 13 years ago
Sounds like the "Master" has been given an apprentice like challenge..... You have a sh*t credit rating, but go and find $4m in 4 weeks!
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about 15 years ago · edited over 13 years ago
this was always going to be the way it played out. Terry is an expert at delaying things and then pulling something out of his arse to save himself. If/When he wins this battle he'll be crowing it from the rooftops of his buildings. And as has been said IRD/ACC really don't want to liquidate him, it would be a small disaster for wellington to have 1/3 of it's buildings involved in a liquidation fire sale.

Queenslander 3x a year.

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about 15 years ago · edited over 13 years ago
The sword of Damocles is hanging over my head
And I've got a feeing that the NBR wants me dead
Oh, woe is me
Matt Nipple is after me
And can't you see
That I've got a loan from an Indian conman

I woke up this morning with a letter from the IRD
Said they were going to put me out of business with the ACC
My credit's low
Went to the bank and they told me no
And all I know
Is I need a loan from an Indian conman

SHALALALA THAT AIN'T NO CRIME

Ramming liberal dribble down your throat since 2009
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about 15 years ago · edited over 13 years ago
theprof wrote:
this was always going to be the way it played out. Terry is an expert at delaying things and then pulling something out of his arse to save himself. If/When he wins this battle he'll be crowing it from the rooftops of his buildings. And as has been said IRD/ACC really don't want to liquidate him, it would be a small disaster for wellington to have 1/3 of it's buildings involved in a liquidation fire sale.


Agree... at the end of the day, The Nix owe IRD around 1.5m, and there assests would amount to a few footballs, some training bibs, a few shirts and maybe some cones. If they got some cash today it is far better than nothing if they had of liquidated
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about 15 years ago · edited over 13 years ago
If John MacKain is worth a million then Andrew Durante has to be worth a similar amount...

How's my driving? - Whine here

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about 15 years ago · edited over 13 years ago
News Flash:
"Yellow Fever decide to scrap scholarship concept in favour of a 'Lotto Tickets for Terry' fund. Details soon..."goldienz2011-03-10 12:01:10

Yellow Whever Whanganui

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about 15 years ago · edited over 13 years ago
If CCF went into liquidation, the contracts would be worth nothing, in the same way the License does
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about 15 years ago · edited over 13 years ago
It took me a while to find this court thread- new name again!

So, reprieve for 5 and 1/2 weeks.
Great work Terry.Would be good to know how much was paid, where it came from, and hopefully... there's more to come!

  Improving,,on the up, a work in progress from Italiano and the Nix. Bring on the bathroom bling in '24! COYN!

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about 15 years ago · edited over 13 years ago
WGA is a scam..the IRD will find this out shortly.
 
I really hope plan b and c comes to fruition.
 
come on Terry, do your best son!
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about 15 years ago · edited over 13 years ago
I don't believe the IRD have been sucked in by the scam for a moment. I think they must have been convinced that Plan B is a goer.

Ramming liberal dribble down your throat since 2009
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about 15 years ago · edited over 13 years ago
La polic�a australiana inform� ayer que no ha abierto una investigaci�n formal sobre las actividades de Ahsan Ali Syed en aquel pa�s, tras analizar la informaci�n que est�n publicando los medios de comunicaci�n sobre una supuesta cadena de fraudes de su compa��a, Western Gulf Advisory. Un portavoz de la polic�a confirm� a la Agencia France Press en Sydney que no ha recibido denuncias contra Al�.


"The Australian police informed yesterday that they have not opened a formal investigation into the activities of Ahsan Ali Syed in that country, while analysing the information which the media have published on an alleged chain of frauds by his company, WGA. A police spokesperson confirmed to AFP in Sydney that they have received no complaints about Ali."

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about 15 years ago · edited over 13 years ago
That's nothing, according to the comments page of El Confidencial (via google translate):

maduixeta wrote:

This will frog time.

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about 15 years ago · edited over 13 years ago
Doloras wrote:
La polic�a australiana inform� ayer que no ha abierto una investigaci�n formal sobre las actividades de Ahsan Ali Syed en aquel pa�s, tras analizar la informaci�n que est�n publicando los medios de comunicaci�n sobre una supuesta cadena de fraudes de su compa��a, Western Gulf Advisory. Un portavoz de la polic�a confirm� a la Agencia France Press en Sydney que no ha recibido denuncias contra Al�.


"The Australian police informed yesterday that they have not opened a formal investigation into the activities of Ahsan Ali Syed in that country, while analysing the information which the media have published on an alleged chain of frauds by his company, WGA. A police spokesperson confirmed to AFP in Sydney that they have received no complaints about Ali."
 
 

Apparently I'm apathetic, but I couldn't care less.

"Being a Partick Thistle fan sets you apart. It means youre a free thinker. It also means your team has no money." Tim Luckhurst, The Independent, 4th December 2003

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about 15 years ago · edited over 13 years ago
Matt Nippley, this picture to illustrate is HOT OFF THE WIRES!!!!


zonknz2011-03-10 13:12:12
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about 15 years ago · edited over 13 years ago
apparently he also:

Alekhine wrote:


....exaggerates the issue, albeit in the background it appears that this individual is a child blessed and very clean wheat.


It is currently unknown wtf the google engineers are smoking, but it is not assumed to be clean wheat.
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about 15 years ago · edited over 13 years ago
zonknz wrote:
apparently he also:

Alekhine wrote:


....exaggerates the issue, albeit in the background it appears that this individual is a child blessed and very clean wheat.


It is currently unknown wtf the google engineers are smoking, but it is not assumed to be clean wheat.
 
The last thing you'd want is dirty wheat.

Apparently I'm apathetic, but I couldn't care less.

"Being a Partick Thistle fan sets you apart. It means youre a free thinker. It also means your team has no money." Tim Luckhurst, The Independent, 4th December 2003

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about 15 years ago · edited over 13 years ago
You have to hand it to Terry......he is a fighter.

NBR article said that sources inside the Seripisos camp are not hopeful that the WGA money will materialise...

The problem is Terry might be able to scrounge around and get enough together to get IRD and ACC off his back by April but that is only a short term option. His business's are in trouble....they are having difficulty trading profitably. Unless there is a big turnaround in his overall financial position we can expect him to run into trouble again. And the next time IRD and ACC are unpaid they will shut him down in 24 hours.

In some ways I wished that the extention had not be granted. Lets sort this out now. Either Terry can  pay to keep the Nix running for next season or he cant.If he can't then hand the licence back to the FFA and try and find new owners. the club and players need some sort of certainty. In the mean time the circus continues....the media will continue to have a field day and it all reflects badly on the Nix brand and football

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about 15 years ago · edited over 13 years ago
zonknz wrote:
That's nothing, according to the comments page of El Confidencial (via google translate):
maduixeta wrote:
<span style=": rgb(230, 236, 249);">This will frog time.
</span>


A better translation would be "This will be a disappointment, eventually."

Ramming liberal dribble down your throat since 2009
This forum needs less angst and more Kate Bush threads



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about 15 years ago · edited over 13 years ago
zinidane wrote:
In some ways I wished that the extention had not be granted.


Yeah, in some ways I wish my grandma would stop fighting the cancer and just die right now.

Ramming liberal dribble down your throat since 2009
This forum needs less angst and more Kate Bush threads



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about 15 years ago · edited over 13 years ago
zonknz wrote:
Has Sam Morgan's tweet from the other day been pointed out on YF?
 
Which was?
 
Never mind, just saw your sneaky edit. 
Jag2011-03-10 13:19:10

Apparently I'm apathetic, but I couldn't care less.

"Being a Partick Thistle fan sets you apart. It means youre a free thinker. It also means your team has no money." Tim Luckhurst, The Independent, 4th December 2003

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about 15 years ago · edited over 13 years ago
That the rumours aren't true, presumably meaning he ain't gearing up to buy the Nix. I think we must accept the gruesome truth that there are no other offers for the Nix. Either Terry survives or we're going to go the way of the Fury.

You know what I'd love to see, more than anything? The letter Ali Syed wrote to the IRD/ACC.Doloras2011-03-10 13:25:02

Ramming liberal dribble down your throat since 2009
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about 15 years ago · edited over 13 years ago
Not necessarily, according to Mr Telfer's show this morning.
 
He interviewed John Dow (?) who said there had been people expressing an interest in getting involved with the Phoenix, and had been for a while, but that "it was Terry's business". Which implied that they either didn't want to get involved while Terry was at the helm or vice versa. He also said that he was very confident that the Nix would continue, either with Terry or without him.
 
Telfer also said that he had heard of one prominent businessman, who didn't want to be named, who had expressed an interest in the Nix, 'with certain strings attached'.
 
So even if Terry goes, it may not mean the end of the Club.

Apparently I'm apathetic, but I couldn't care less.

"Being a Partick Thistle fan sets you apart. It means youre a free thinker. It also means your team has no money." Tim Luckhurst, The Independent, 4th December 2003

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about 15 years ago · edited over 13 years ago
I think it is an open assumption that no one is interested in investing alongside Terry.
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about 15 years ago · edited over 13 years ago
Jag wrote:
Not necessarily, according to Mr Telfer's show this morning.
 
He interviewed John Dow (?) who said there had been people expressing an interest in getting involved with the Phoenix, and had been for a while, but that "it was Terry's business". Which implied that they either didn't want to get involved while Terry was at the helm or vice versa. He also said that he was very confident that the Nix would continue, either with Terry or without him.
 
Telfer also said that he had heard of one prominent businessman, who didn't want to be named, who had expressed an interest in the Nix, 'with certain strings attached'.
 
So even if Terry goes, it may not mean the end of the Club.
 
John Dow has been stirring this kind of sh*t since day one.
 
This is the same guy who syphoned money out of Team Wellington until the money dried up then tossed it in and almost killed the franchise, so let's hope he's not our "saviour".
 
In more encouraging news: Australian police Wednesday said they were not investigating the owner of Spanish club Racing Santander, Ahsan Ali Syed, in connection with allegations over his business conduct.
 
 
 

Incredible stamina. No shame. Yellow Fever.

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