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Phoenix Ownership - Rob says FTFFA (Part 1)

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Posted April 18, 2011 00:40 · last edited March 18, 2021 07:33

I am pleased for Terry that he has avoided having his companies put into liquidation but there still remains the question.....does he have the cash flow to keep the Nix up and running in a proper commercial way?
 
 He did say it costs him $400,000 a month to run the club. The season does not start until October so there will be not much  revenue until season tickets are sold in winter. There will be player and staff wages plus the IRD will nail his arse if he gets even 1 hour late paying PAYE etc.
 
Still, at least its a bit of the devil you know sort of situation. The club is still alive and we don't have the angst of a Seripisos collapse and then the uncertaincy of possible new unknow buyers. You have to hand it to Terry....he is a fighter. I wish him well but there is still possibly more to come in this saga.

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Unknown editor edited March 18, 2021 07:33

I am pleased for Terry that he has avoided having his companies put into liquidation but there still remains the question.....does he have the cash flow to keep the Nix up and running in a proper commercial way?

 
 He did say it costs him $400,000 a month to run the club. The season does not start until October so there will be not much  revenue until season tickets are sold in winter. There will be player and staff wages plus the IRD will nail his arse if he gets even 1 hour late paying PAYE etc.
 
Still, at least its a bit of the devil you know sort of situation. The club is still alive and we don't have the angst of a Seripisos collapse and then the uncertaincy of possible new unknow buyers. You have to hand it to Terry....he is a fighter. I wish him well but there is still possibly more to come in this saga.