Wellington Phoenix Men

Phoenix Ownership - Rob says FTFFA (Part 1)

3999 replies · 993,112 views Locked
over 14 years ago · edited about 5 years ago · History
That 55% thing is an interesting one.  It's been a long time since I read the A League participation agreement but I think it said that any unauthorised transfer of shares in a vehicle holding an A League licence meant that the licence terminated.
 
That is from (hazy) memory though.

Incredible stamina. No shame. Yellow Fever.

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over 14 years ago · edited about 5 years ago · History
Doloras wrote:
Threak wrote:
Terry will lose control of the club within 10 days unless he can put $2m in the FFA's bank account


Fixed.

Can we imagine a scenario in which Terry loses the club, goes away, builds up another empire (let's suspend disbelief on that one for the moment) and comes back in 3-5 years to get it back?


The $2m thing is just a way of not taking his licence "unfairly" without giving him a chance. They know well that Terry can't come up with the money. The deal with the business consortium is basically already under way.
Therk2011-09-13 13:54:03
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over 14 years ago · edited about 5 years ago · History
Thanks:
 
Yellow Fever leader Threak said "The Phoenix are f**ked, I hate Terry and so does everyone who ever liked the Phoenix"
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over 14 years ago · edited about 5 years ago · History
Also: "Female YF member Delirious revealed to be Serepisos' illegitimate bastard half-Greek son".

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



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over 14 years ago · edited about 5 years ago · History
Smithy wrote:
 
What does formulated mean?  Formulated could mean he wrote "5x400k=2m=Feenix4Life" on a napkin.  
 
[/QUOTE]
 
Don't knock it. Apparently the 'back of a napkin' method got us the Beehive.
 
[QUOTE=Jeff Vader]  the name Mark Dunajtschik = Done-a-chick
 
Why isn't Paul Henry watching the Rugby World Cup like a "real" New Zealander?
wolfman2011-09-13 14:28:40


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over 14 years ago · edited about 5 years ago · History
I'm sure he has done a chick or few in his time. All that money... Unless of course he plays them away to square leg with a cross bat.

Grumpy old bastard alert

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over 14 years ago · edited about 5 years ago · History
NBR and DP hacks attempt to infiltrate YF meeting. Spokesperson Smithy becomes suspicious...

"Phoenix till they lose"

Posting 97% bollox, 8% lies and 3.658% genuine opinion. 

Genuine opinion: FTFFA

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over 14 years ago · edited about 5 years ago · History
Feverish wrote:
Jeff Vader wrote:
I don't doubt that there is some equity in what Muppert reports. To be fair to him, he hasn't been too wide of the mark thus far when you look back on his other articles. He was just hated cause he was the first to start throwing muck.

I just find it interesting the Done-a-chick is mentioned. I thought that other properties were secured against the loan so why would Terry throw the nix in with it? Either way, I would (in my opinion) count Done-a-chick as a non-starter because what does the nix give him? He's not been in the media before as far as I can tell and wasn't interested in commenting further on the article so doesn't strike me as being hungry for attention. And we have all seen how property developers and the media work out...

�

Also note that the unpaid wages thing hasn't gone away either.... All Schwab has really said is that they have gotten the FFA bulldogs to do the clean up for them.

�

I would be prepared to bank on the 6 days though...

�

PS: I've just re-read the article again and everytime I can get a different take on it. What a head trip


I think this says a bit about Nippert's journalism...
�

UPDATE: The National Business Review has been informed by advisers to Mark Dunajtschik that he has no interested in the Phoenix, and is not part of the so-called Phoenix Five.




"Ive just re-visited this and once again realised that C-Diddy is a genius - a drunk, Newcastle bred disgrace - but a genius." - Hard News, 11:39am 4th June 2009

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over 14 years ago · edited about 5 years ago · History
rjmiller wrote:

NBR understands that, as part of the security for this loan, Mr Serepisos signed share transfer forms giving Mr Dunajtschik 55% of the Phoenix. These forms not yet been filed with the Companies Office.


I thought I read a few weeks back that the loan was taken care of with the sale of one of Terry's buildings - possibly Tory Street, that makes the security irrelevant now???
That's when Dunajtschik made the comment that he wished he'd never done business with him.

What would Dunajtschik want with 55% of the Nix anyway? It's a debt not a wise investment opportunity.

...and I've just caught up. I take it as meaning Dunajtschik doesn't have 55% Royal2011-09-13 16:27:03
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over 14 years ago · edited about 5 years ago · History
Sounds eerily familiar:

Meanwhile the chances of advertising guru John Singleton replacing property developer Peter Turnbull as the major shareholder in Central Coast Mariners is gathering momentum, but it's believed some of the club's existing minor shareholders are also considering increasing their contributions to help reduce debt and solve the current cash flow problems. In the meantime, Football Federation Australia remains confident the next wage bill to the coaching and playing staff - due on Thursday - will be paid.
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over 14 years ago · edited about 5 years ago · History
Is there anyway that Owen Glen (philanthropist that has just bank rolled the Champions Trophy hockey tournament here) is a football fan and part of the Phoenix 5?
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over 14 years ago · edited about 5 years ago · History
How dreadful was the Hyperbole about that on the news - 'One of the worlds biggest sporting events'.  By what measurement?

Anyway.  A little off topic.  As you were.

How's my driving? - Whine here

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over 14 years ago · edited about 5 years ago · History
I saw a hard copy of the DP today.  At least it has done the decent thing and put all of "that" event in one section.  Makes it easy to put aside and read the other news.
 
Apologies also.
 
Junior822011-09-13 22:28:00

"Phoenix till they lose"

Posting 97% bollox, 8% lies and 3.658% genuine opinion. 

Genuine opinion: FTFFA

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over 14 years ago · edited about 5 years ago · History

Some comments on today's article:

 
This is again all very unclear but reading between the lines:
 
- part of the security offered for the loan Terry took from Dunajtschik, along with the interests in his hotel, was the shares in the company that owns the licence.  Why he would want that is unclear as it has no real value and there is no guarantee that he could take over the club anyway - the FFA would have to approve all of that, and as he points out there are all sorts of liabilities attached.  I suppose he asked for it as another potential stick to beat Terry with, take his best property and his football club and hope he pays you back.  
 
Taking share security is a common type of security - you perfect that security by taking the share transfer forms.  You can exercise that right if the loan is not repaid and you enforce security.
 
That is not the same as offering someone the club.  I would be surprised if Terry actually offered him the club, it makes absolutely no sense - I don't think the dompost actually understand the difference (who would have guessed, lacking basic research) which is why Terry probably told them not to write the story.
 
Worth noting that despite that security Terry failed to repay him.
 
- I would be surprised if Dunajtschik could still enforce the share transfer as the loan has been repaid (out of the proceeds of sale of the hotel).  I would also be surprised if he was able to transfer the right to anyone else.  Terry's lawyer should probably ask for that form back...
 
- I hope that the enormous assertion that the FFA "appeared to open the door for the club to eventually be based in another New Zealand city" is based on more than this quote "We can assure you that the FFA is committed to having a team from New Zealand represented in the Hyundai A-League and Wellington Phoenix will be kicking off their season against Gold Coast United," he said."
 
This is the second very poor article written on this subject in the last weeks, this reporter really needs to brush up on his details

Normo's coming home

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over 14 years ago · edited about 5 years ago · History
Doloras wrote:

Can we imagine a scenario in which Terry loses the club, goes away, builds up another empire (let's suspend disbelief on that one for the moment) and comes back in 3-5 years to get it back?[/QUOTE]
 
No
 
Doloras wrote:
[QUOTE=Hard News] Once again though Nippert has a pile of information and you have to wonder who is working so hard to feed him it.


We have a coincidence of interest:

- John Morrison and cronies want rid of Terry because they don't like his style and/or they don't like his plans for the Nix and/or they're driven nuts by continuous IMMINENT DOOM OF THE NIX PREDICTED stories.
- Terry's creditors want Terry to go under out of understandable revenge for him driving around in a Ferrari while being broke.
- Burgess and Nippert want Terry to go under because that'd be the perfect end to the story they've been writing. If Terry somehow survived they'd look stupid.

I do not consider myself paranoid or mean-spirited by suggesting that these forces have motive, means and opportunity for slanting media coverage to maximise the pressure on Terry. News, are you suggesting that there are actually people within the Nix organisation leaking this information because they also want to SACK TERRY for whatever good or bad reason?
 
I don't like to keep picking on your posts Doloras because you are not the only one commenting on this stuff from your angle, but again this just smacks of an ill conceived conspiracy theory.
 
How about a really simple explanation. 
 
Terry owed lots of people money.  People start bankruptcy proceedings to get that money back.  The media find out about it and started reporting it. 
 
John Morrison (Councillor for sport) doesn't want the local sports franchise to go bust, having it in town is a good thing for the council and the city.  Speaks to a few people in town who have a bit of cash, and is contacted by others.  Starts to put a backup plan in place
 
Terry still owes people money.  More and people try to recover that money as he is clearly in trouble and may struggle to pay everyone back.
 
Phoenix stop paying some of their bills, including players and staff.  Other staff let go and not replaced.  More evidence Terry will struggle to pay everyone back and fund the club.  People become more concerned about the future of the club, back up plan accelerated.  Media report it.
 
Terry is going bust all by himself - he doesn't need anyone's help, whether from the media or otherwise.
 
Lender's are not trying to take revenge, they just want their money back.  If they wanted him bankrupt they would have done it months ago.
 
Morrison's agenda seems to be to keep the club afloat and in Wellington.  Good on him.
 
There are a few leaks about - no surprise there.  But it hardly a pile of info, we know next to nothing about what is going on, and what we do is a very incomplete picture.
james dean2011-09-14 05:41:42

Normo's coming home

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over 14 years ago · edited about 5 years ago · History
Interesting that Done - a - chick has now confirmed he is holding documents that transfer a controlling interest in the club to him. I am not so sure about your contention JD that the money Terry owes him has been repaid. Maybe a part of it has, but who really knows. My gut feeling is that if it had of been Done -a- Chick would have said something along the lines of" I held them as security at one point but the loan has now been cleared".
It now makes some sense why Terry has said "I am not selling the Nix" and he does not seem to be willing to enter into negotiations with the mysterious phoenix phive..... He is no longer the majority owner of CCF and it is not his to sell or negotiate with. From my understanding of the License arrangements, this would also make him in breach of the Licence with FFA.
In my view the best option now is that the FFA step in on 19/9 revoke the license and then transfer it to the Phoenix Phive.
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over 14 years ago · edited about 5 years ago · History
sthn.jeff wrote:
Interesting that Done - a - chick has now confirmed he is holding documents that transfer a controlling interest in the club to him. I am not so sure about your contention JD that the money Terry owes him has been repaid. Maybe a part of it has, but who really knows. My gut feeling is that if it had of been Done -a- Chick would have said something along the lines of" I held them as security at one point but the loan has now been cleared".
It now makes some sense why Terry has said "I am not selling the Nix" and he does not seem to be willing to enter into negotiations with the mysterious phoenix phive..... He is no longer the majority owner of CCF and it is not his to sell or negotiate with. From my understanding of the License arrangements, this would also make him in breach of the Licence with FFA.
In my view the best option now is that the FFA step in on 19/9 revoke the license and then transfer it to the Phoenix Phive.

It would be rather funny if Done-a-chick has security over a company which by the 19th doesn't have a FFA license and therefore no football team, making it just a piece of paper. I guess that means it would be worth more as along with a team dissappearing, so would the debt.
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over 14 years ago · edited about 5 years ago · History
I disagree JD, it is a good article, and has given us valuable information, to the extent that they were able. Terry wont talk about his share transfer deal, so we dont know that side of it but it is fully confirmed that Dunajtschik received the option and believes he still has the ability to trade it, although maybe he is just stirring it up in saying that, no love lost between him and Terry with his quote there.

If the licence is held by the company, then it is possible that the control could be handed over in this way, but I'm not sure what FFA controls put on change of ownership when giving a licence out. I doubt if they would let just anyone take over a club.

Plus we know the identities now,  the "Phoenix Five but understood to number just four � is led by Rob Morrison alongside his brother Lloyd Morrison, Sam Morgan and his father Gareth Morgan.

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over 14 years ago · edited about 5 years ago · History
james dean wrote:
This is the second very poor article written on this subject in the last weeks, this reporter really needs to brush up on his details


Reporters. This article was written by a committee, and one of the members of that committee was the salivating Dave Burgess who desperately wants disaster at the Phoenix. Sam Worthington is also known to be a bit jumpy. Schouten's stuff is usually good.

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



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over 14 years ago · edited about 5 years ago · History
and then there were 4......
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over 14 years ago · edited about 5 years ago · History
Doloras wrote:
james dean wrote:
This is the second very poor article written on this subject in the last weeks, this reporter really needs to brush up on his details


Reporters. This article was written by a committee, and one of the members of that committee was the salivating Dave Burgess who desperately wants disaster at the Phoenix. Sam Worthington is also known to be a bit jumpy. Schouten's stuff is usually good.
I wish Worthington would actually do some work writing about local footy instead of picking through Terry's garbage with Burgess and whoever the other geezer is

Founder

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over 14 years ago · edited about 5 years ago · History
sthn.jeff wrote:

I am not so sure about your contention JD that the money Terry owes him has been repaid. Maybe a part of it has, but who really knows. My gut feeling is that if it had of been Done -a- Chick would have said something along the lines of" I held them as security at one point but the loan has now been cleared".


If Terry still owed him money then that's what he'd be worried about instead of worrying about share security over a company that has no value I would have thought.

And if the reporter was doing his job he'd have established that.

This is a business article, it's so unclear what's going on (apart from naming the names which is I suppose the main point). The scenario as they describe it just doesn't make sense - I've seen this type of thing before, I act for lenders. It just would be such an odd scenario if it had played out like they claim.

Greenie, he should stick to his day jobjames dean2011-09-14 08:53:51

Normo's coming home

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over 14 years ago · edited about 5 years ago · History
hepatitis wrote:
I disagree JD, it is a good article, and has given us valuable information, to the extent that they were able. Terry wont talk about his share transfer deal, so we dont know that side of it but it is fully confirmed that Dunajtschik received the option and believes he still has the ability to trade it, although maybe he is just stirring it up in saying that, no love lost between him and Terry with his quote there.

If the licence is held by the company, then it is possible that the control could be handed over in this way, but I'm not sure what FFA controls put on change of ownership when giving a licence out. I doubt if they would let just anyone take over a club.

Plus we know the identities now,  the "Phoenix Five but understood to number just four � is led by Rob Morrison alongside his brother Lloyd Morrison, Sam Morgan and his father Gareth Morgan.

You not commenting on the the remarks about the club moving to another city? Or would that make your previous posts look a bit crap?

Founder

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over 14 years ago · edited about 5 years ago · History
I love how the use of New Zealand by the FFA is interpreted as being the club leaving here rather than just a general use of words to ensure the Phoenix is seen as a Wellington based brand for all of New Zealand which is generally the FFA's message.

How's my driving? - Whine here

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over 14 years ago · edited about 5 years ago · History
How is it the media can get their information totally wrong (eg 4 person consortia not 5, 51% offered to Dunachick not 55% as reported etc) and not accept responsibility for what they print.

Seems that by carefully inserting the phrase "is believed to be" or similar into a paragraph that you then have licence to write whatever you want regardless of how accurate it is without fear of being pulled up on the mistruth.

Media: If you do not have the correct facts then don't make sh*t up to fill column inches! CLOWNS!

"Ive just re-visited this and once again realised that C-Diddy is a genius - a drunk, Newcastle bred disgrace - but a genius." - Hard News, 11:39am 4th June 2009

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over 14 years ago · edited about 5 years ago · History
The question is whether that's bad journalism or deliberate sensation-mongering. I'm not feeling generous so I'd say the latter. Note that the FFA didn't say either that they weren't going to turn the Phoenix into a roller derby team.

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



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over 14 years ago · edited about 5 years ago · History
Doloras wrote:
The question is whether that's bad journalism or deliberate sensation-mongering. I'm not feeling generous so I'd say the latter. Note that the FFA didn't say either that they weren't going to turn the Phoenix into a roller derby team.


Violent Vince!
Bad Bad Timroy Brown!
Chris Painmaker!
Paul Eye-Full!

Think you're on to something here Doloras...

"Ive just re-visited this and once again realised that C-Diddy is a genius - a drunk, Newcastle bred disgrace - but a genius." - Hard News, 11:39am 4th June 2009

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over 14 years ago · edited about 5 years ago · History
I think they wrote it like that to get a reaction from YF!  Rather mean-spirited and spiteful style of "journalism" which you'd expect from two of the authors.

"Phoenix till they lose"

Posting 97% bollox, 8% lies and 3.658% genuine opinion. 

Genuine opinion: FTFFA

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over 14 years ago · edited about 5 years ago · History
To be honest the only thing that I have read on this subject over the past few months that I have believed is the fact that Terry owes people money!

All the other nonsense and claptrap that has been written I have taken very little notice of except for being wound up by the inaccuracy of it!

"Ive just re-visited this and once again realised that C-Diddy is a genius - a drunk, Newcastle bred disgrace - but a genius." - Hard News, 11:39am 4th June 2009

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over 14 years ago · edited about 5 years ago · History
Feverish wrote:
hepatitis wrote:
I disagree JD, it is a good article, and has given us valuable information, to the extent that they were able. Terry wont talk about his share transfer deal, so we dont know that side of it but it is fully confirmed that Dunajtschik received the option and believes he still has the ability to trade it, although maybe he is just stirring it up in saying that, no love lost between him and Terry with his quote there.

If the licence is held by the company, then it is possible that the control could be handed over in this way, but I'm not sure what FFA controls put on change of ownership when giving a licence out. I doubt if they would let just anyone take over a club.

Plus we know the identities now,  the "Phoenix Five but understood to number just four � is led by Rob Morrison alongside his brother Lloyd Morrison, Sam Morgan and his father Gareth Morgan.

You not commenting on the the remarks about the club moving to another city? Or would that make your previous posts look a bit crap?


Well actually I didnt see anything in there that said it would, took the same view as Hard News above and also encouraged by the fact that those are Wellingtonians, and hardly likely to move it from their home

Hows your post looking now
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over 14 years ago · edited about 5 years ago · History
Thanks to the Dom Post lads. 
 
Nothing I like more than people making my work look credible and well-researched in comparison, except hacking away at those tall poppies of course.
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over 14 years ago · edited about 5 years ago · History
Natt Mippert wrote:
Thanks to the Dom Post lads.�
�

Nothing I like more than people making my work look credible and well-researched in comparison,�except hacking away at those tall poppies of course.


LOP LOP!

"Ive just re-visited this and once again realised that C-Diddy is a genius - a drunk, Newcastle bred disgrace - but a genius." - Hard News, 11:39am 4th June 2009

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over 14 years ago · edited about 5 years ago · History
Meanwhile, in response to those who say a flat "no" to any Terry comeback... how many times was Donald Trump made bankrupt, again? If Terry is ever once again a man with millions to throw around, would he really not want to return to the Nix? (The question of whether people would let him is another one.)

Also, whoever changed the thread title has my undying love.
Doloras2011-09-14 09:55:34

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



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over 14 years ago · edited about 5 years ago · History
hepatitis wrote:
Feverish wrote:
hepatitis wrote:
I disagree JD, it is a good article, and has given us valuable information, to the extent that they were able. Terry wont talk about his share transfer deal, so we dont know that side of it but it is fully confirmed that Dunajtschik received the option and believes he still has the ability to trade it, although maybe he is just stirring it up in saying that, no love lost between him and Terry with his quote there.

If the licence is held by the company, then it is possible that the control could be handed over in this way, but I'm not sure what FFA controls put on change of ownership when giving a licence out. I doubt if they would let just anyone take over a club.

Plus we know the identities now,  the "Phoenix Five but understood to number just four � is led by Rob Morrison alongside his brother Lloyd Morrison, Sam Morgan and his father Gareth Morgan.

You not commenting on the the remarks about the club moving to another city? Or would that make your previous posts look a bit crap?


Well actually I didnt see anything in there that said it would, took the same view as Hard News above and also encouraged by the fact that those are Wellingtonians, and hardly likely to move it from their home

Hows your post looking now
ok so its not that you believe everything in the media - its just that you selectively read things
 
"He also refused to say whether FFA had been in negotiations with a consortium of Wellington businessmen keen to take over the club, but appeared to open the door for the club to eventually be based in another New Zealand city. "

Founder

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over 14 years ago · edited about 5 years ago · History
Feverish wrote:
hepatitis wrote:
Feverish wrote:
hepatitis wrote:
I disagree JD, it is a good article, and has given us valuable information, to the extent that they were able. Terry wont talk about his share transfer deal, so we dont know that side of it but it is fully confirmed that Dunajtschik received the option and believes he still has the ability to trade it, although maybe he is just stirring it up in saying that, no love lost between him and Terry with his quote there. If the licence is held by the company, then it is possible that the control could be handed over in this way, but I'm not sure what FFA controls put on change of ownership when giving a licence out. I doubt if they would let just anyone take over a club.Plus we know the identities now,� the "Phoenix Five but understood to number just four � is led by Rob Morrison alongside his brother Lloyd Morrison, Sam Morgan and his father Gareth Morgan.

You not commenting on the the remarks about the club moving to another city? Or would that make your previous posts look a bit crap?
Well actually I didnt see anything in there that said it would, took the same view as Hard News above and also encouraged by the fact that those are Wellingtonians, and hardly likely to move it from their homeHows your post looking now

ok so its not that you believe everything�in the media�- its just that you selectively read things

�

"He also refused to say whether FFA had been in negotiations with a consortium of Wellington businessmen keen to take over the club, but appeared to open the door for the club to eventually be based in another New Zealand city. "



NAPIER FTW!!!




"Ive just re-visited this and once again realised that C-Diddy is a genius - a drunk, Newcastle bred disgrace - but a genius." - Hard News, 11:39am 4th June 2009

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over 14 years ago · edited about 5 years ago · History
Take your Smiggle shops and...
 
 

"Phoenix till they lose"

Posting 97% bollox, 8% lies and 3.658% genuine opinion. 

Genuine opinion: FTFFA

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over 14 years ago · edited about 5 years ago · History
"We've got the wine, the Smiggle and the Phoenix..."

"Ive just re-visited this and once again realised that C-Diddy is a genius - a drunk, Newcastle bred disgrace - but a genius." - Hard News, 11:39am 4th June 2009

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over 14 years ago · edited about 5 years ago · History
If anywhere it should go to Masterton (home of the Chatham Cup).
 
Or maybe Gladstone.

"Phoenix till they lose"

Posting 97% bollox, 8% lies and 3.658% genuine opinion. 

Genuine opinion: FTFFA

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