Post history

History for james dean

Phoenix Ownership - Rob says FTFFA (Part 1)

Back to topic

Current version

Posted April 19, 2011 09:21 · last edited March 18, 2021 07:33

zonknz wrote:
james dean wrote:
Let's get real here, the phoenix isn't self funding and terry is struggling to pay for it, why would we not be at least considering other potential owners?


Rightly or wrongly, the A-League structure for teams means there is no point of ownership changes through sale (at this pre-profitability stage, at least). All the IP and contracts belong to the League, so no one is going to buy Terry out- because there is nothing to buy.

Sad reality is that the only way a change of owner will happen is for Terry to walk away, or go belly up. He seems minded to do neither.

 
That's incorrect, what you are doing is taking the liability off his hands - which is the right to compete in the A-League.  Just because the club is cash flow negative doesn't mean it can't be sold.  If terry sells the club he saves whatever he is currently injecting to keep the club afloat every month, which the CEO says he currently can' t afford.  That has huge value for him.  The purchaser pays $1 and takes over the licence

Previous versions

1 version
Unknown editor edited March 18, 2021 07:33
zonknz wrote:
james dean wrote:
Let's get real here, the phoenix isn't self funding and terry is struggling to pay for it, why would we not be at least considering other potential owners?


Rightly or wrongly, the A-League structure for teams means there is no point of ownership changes through sale (at this pre-profitability stage, at least). All the IP and contracts belong to the League, so no one is going to buy Terry out- because there is nothing to buy.

Sad reality is that the only way a change of owner will happen is for Terry to walk away, or go belly up. He seems minded to do neither.

 
That's incorrect, what you are doing is taking the liability off his hands - which is the right to compete in the A-League.  Just because the club is cash flow negative doesn't mean it can't be sold.  If terry sells the club he saves whatever he is currently injecting to keep the club afloat every month, which the CEO says he currently can' t afford.  That has huge value for him.  The purchaser pays $1 and takes over the licence