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Phoenix Ownership - Rob says FTFFA (Part 1)

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Posted May 17, 2011 17:44 · last edited March 18, 2021 07:33

AucklandPhoenix wrote:
The fact that no one is disclosing where the 4 mill came from makes me think it is NZ football. If they announced it was them every mum and dad subs payer would start raising merry he'll

I want to see the books!![/QUOTE]
 
I have heard from a very well placed source that the money came from another NZ property developer BUT that he thought that it was going to be used to buy a building...make of that what you will.
 
My same source, who is reasonably connected into the commercial property market in NZ has said that Terry is effectively insolvent and has been for months and he can't quite understand how he has managed to keep his head abve water.  He was actually quite impressed by that feat.
 
I don't actually see how Terry will get out of this without a financial injection from outside his group.  If he could sell assets then he would.  NZ and Australian lenders won't touch him, which is why he went to WGA in the first place, but it seems pretty clear to me at least that we won't be seeing a dime out of that shyster which unfortunately leaves us very much in the same position that we were in several months ago.  I know I'll get accused of being doom and gloom blah blah blah but these are the facts and I for one am not someone who will blindly parrot "in Terry we trust" even though I very much want him to get out of this financial mess.
 
And I think the key point from Dewhurst is this and it's a point well made.  There are valid reasons not to rush to sign a playing squad when the season doesn't start for 4 months.  Howvere, the lack of a full administration and coaching staff does indicate that something still is not right down there:
 
At last report the club had no media manager, no assistant coaches, players were out on loan or being let go, and other than fullback Jimmy Downey no new signings appear imminent (despite Terry�s promises on Close Up some weeks ago) and even the CEO is �interim� and has been for over a year now. According to the club website there isn�t event a board in place � that is unless �tba� means something else entirely?

[QUOTE=Doloras] I'm more relaxed if Ricki et al are taking their time and, for example, actually going to see people play rather than relying on YouTube clips.

When you say "et al" Doloras who are you actually referring to?  There is no-one else.  Ricki is the only person managing the club who has any football experience or knowledge whatsoever (unless you favour Nathan and Terry having a say on players).  Again, surely that worries people?
james dean2011-05-18 05:47:24

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Unknown editor edited March 18, 2021 07:33
AucklandPhoenix wrote:
The fact that no one is disclosing where the 4 mill came from makes me think it is NZ football. If they announced it was them every mum and dad subs payer would start raising merry he'll

I want to see the books!![/QUOTE]
 
I have heard from a very well placed source that the money came from another NZ property developer BUT that he thought that it was going to be used to buy a building...make of that what you will.
 
My same source, who is reasonably connected into the commercial property market in NZ has said that Terry is effectively insolvent and has been for months and he can't quite understand how he has managed to keep his head abve water.  He was actually quite impressed by that feat.
 
I don't actually see how Terry will get out of this without a financial injection from outside his group.  If he could sell assets then he would.  NZ and Australian lenders won't touch him, which is why he went to WGA in the first place, but it seems pretty clear to me at least that we won't be seeing a dime out of that shyster which unfortunately leaves us very much in the same position that we were in several months ago.  I know I'll get accused of being doom and gloom blah blah blah but these are the facts and I for one am not someone who will blindly parrot "in Terry we trust" even though I very much want him to get out of this financial mess.
 
And I think the key point from Dewhurst is this and it's a point well made.  There are valid reasons not to rush to sign a playing squad when the season doesn't start for 4 months.  Howvere, the lack of a full administration and coaching staff does indicate that something still is not right down there:
 
At last report the club had no media manager, no assistant coaches, players were out on loan or being let go, and other than fullback Jimmy Downey no new signings appear imminent (despite Terry�s promises on Close Up some weeks ago) and even the CEO is �interim� and has been for over a year now. According to the club website there isn�t event a board in place � that is unless �tba� means something else entirely?

[QUOTE=Doloras] I'm more relaxed if Ricki et al are taking their time and, for example, actually going to see people play rather than relying on YouTube clips.

When you say "et al" Doloras who are you actually referring to?  There is no-one else.  Ricki is the only person managing the club who has any football experience or knowledge whatsoever (unless you favour Nathan and Terry having a say on players).  Again, surely that worries people?
james dean2011-05-18 05:47:24