Media Stmt

MEDIA STATEMENT

CENTURY City Football, owner of Wellington Phoenix FC, is confident an outstanding tax liability owed to the Inland Revenue Department will be settled in due course and with minimal impact on club operations.

Phoenix chief executive Nathan Greenham said all practicable steps were being taken to resolve the matter in conjunction with Inland Revenue.

�The club is confident that the issue is in hand and will be resolved in the coming weeks. On that basis, it�s business as usual for us and we�re continuing to work hard on and off the field in the Hyundai A-League.

�I understand the concerns supporters may have but I would like to urge them to keep the faith and get behind the team. The club and football have a bright future in this country and many, many people have worked hard to make the club as successful as it is.

�There is no cause for undue alarm or rash reactions.�

Century City Football is one of five Century City group companies that have been in discussions with Inland Revenue regarding tax liabilities.

An arrangement is in place between Century City and Inland Revenue to address the matter before the end of the year. Notwithstanding this arrangement, Inland Revenue is following normal legal procedure in regards to this liability and Century City is confident the matter will be resolved to the satisfaction of both parties in the coming weeks.