Phoenix Ownership - Rob says FTFFA (Part 1)

he's hardly a failed property developer....he's in a bit of financial strife as all property developers are, given he still owns half of wellington CBD I think failed is a little rough

Yeah, last I saw Terry was still in business, so any article headlined "failed property developer" clearly has an agenda to make Terry look bad - and the usual suspects on this forum will fall for it. The facts are set forth in a less gleefully vicious manner here.

As previously explained, I know nothing about finance, but exactly what are the consequences for Terry personally for these companies that are in receivership? I assume the receivers will do their damndest to liquify the assets in these companies, but the articles do nothing to explain exactly how much Terry might have to stump up from his ventures which are still going concerns.

Remember that our concern is with the fate of Terry personally and with Century City Football. The rest of his empire can go up in smoke for all I care.Doloras2011-07-18 13:38:24

"Financially embarrassed".

You know, it's possible to go bust in business without being a bad person.

Well, I'm sure Colin Giltrap has never paid any of his bills late and is a saintly genius altogether, so we'll all cringe and be embarrassed less when we're going to see the Auckland Phoenix at NHS.

To be less flippant: Terry may not be a "good person", by all accounts. But - the FFA, the players and the staff will agree - he's a good owner of an A-League football club. One continues to hope that his illfortune and/or bad karma in one area of his life doesn't make him unable to continue with the good job (and it has been an EXCELLENT job) he's done for the Nix.Doloras2011-07-18 14:57:05

i think everyone including terry wishes he could pay all his debts up front right now

"Well, I'm sure Colin Giltrap has never paid any of his bills late and is a saintly genius altogether, so we'll all cringe and be embarrassed less when we're going to see the Auckland Phoenix at NHS. "

Another stay of exceution. The pain lingers and the uncertainty continues. Can that couple in UK who won $315m lottery alst week be approached to come in and help? This couple sounds much more credible that that Syed fellow from WGA. 

This sh*t unfortunately must have some affect on some people who may be  considering membership.Frankly it really has become a pain in the arse and as much as i try i just cant go with all the rose covered glasses of some.

Despite what some of you may think its because of the current ownership that some have not got involved and will not get involved,and yes it is more than just a rumour or hearsay.

No it's not.

The nature of property development is that it is high risk/high reward, so the amounts involved are always going to be big.

can confirm from a friend in melbourne who has contacts there that they have been late with their pay sometimes as much as a week every time since training began.

I doubt that the players grasp of the club is so slim that they would petition an organisation that has no say in the clubs ownership or license agreement to change the ownership.

names?

to be honest, whilst i havent heard about the pettition myself. i would believe that story...

[QUOTE=Hard News]No it's not. [/QUOTESorry HN its this sort of statement that in some cases is just plain wrong.Just because someone has not decided to go public with their interest dosnt mean its not there.

Also when i say involved im not just talking about ownership.

Despite what you and some others may think the fact is some possible sponsorship opportunities have not arisen because of this.Fact is its also true that some companies have not gone ahead with other matchday things for the same reason.

No point saying just because no one has heard of it it hasnt happened.I can tell you its true.

I think this is right. Most "fans" won't read all of the analysis that appears on here (by the way, where do so many find the time? I've got lots of other stuff to do, grass to cut, dusting, and the cat to look after of course.....). We're four season ticket holders, and it's a big risk for the uninitiated to fork out $1000 in these uncertain times. Of course, we'll still buy ours. But we're mental...........

scribbler2011-07-18 16:15:12

I'm not saying it's not true, I'm saying that as it's not on the public record and it's limited to what someone heard from someone else it is Hearsay and rumour.  Hearsay can be true but until it's established truth Hearsay and rumour is exactly what it is.

And a pseudonym on an open web forum is a reliable source? Name names.

I live 690 kilometres away from the RoF but I'm buying a Benchwarmer membership and coming to the NHS game. In that way I am concretely making the Nix more able to survive no matter what happens to Terry S. I hope ballane, JD, scribbler and similar are going to also do that - unless they'd prefer to watch the Nix go broke as long as it takes Terry down with it?Doloras2011-07-18 16:14:13

then why dont they come out and make it public, there is nothing to lose

Im still buying my season pass because like you im a Phoenix tragic,i think those however who are not so committed may well have a think about purchasing given all the bad publicity.
Would love to see our membership hit 5000 but think that is being  very optimistic. 

I'm sorry, I can't see the logic chain that links "Phoenix owner can't play his bills" to "will not support the Phoenix". Can you spell it out for me?

I can tpmyhill2011-07-18 16:19:59

Many on here are aware of who i am.And no im not naming names if they want it in the public they will announce it themselves.

For your information Doloras i have been a member since the first season and among to first 500 to join.I was also one of the first to sign up for YF.

The only games i have missed at the stadium have been the 2 exhibition games.I have attended every other pre season game, and finals game.So yes i have supported them in attendance and spending shyte loads on merchandise.So yes i have done my bit.

And on it goes in endless rewrites ... scribbler2011-07-18 16:23:24

Sorry if even you and your rose tinted glasses cant see why some people may be having second thoughts,then nothing i say will convince you otherwise.

I'm not saying I don't believe it, I'm saying I don't understand the logic.

Dura reckons that all the financial drama has had the good side-effect of bringing the players closer together. Heart-warming, if true.

Think i do, think i would be having second thoughts about spending my money some where,where for months there had been talk of them going under.

Hold some things not right here.

WISH HE WOULD JUST PAY HIS BILLS.......just putting  so much bad feedback on the Phoenix ....again and again

This has gone on too lone - the nix lose money, he cant afford to lose any more money... for his own well being financially it may be in his best interests to sell the nix.