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History for Napier Phoenix

Phoenix Ownership - Rob says FTFFA (Part 1)

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Posted June 21, 2011 20:57 · last edited March 18, 2021 07:33

zonknz wrote:
Better news:

https://www.stuff.co.nz/business/5174910/Serepisos-still-expects-100m-loan

If you bother to not notice the headline, he says

Not dependent on the 100m - has restructured.
He has multiple other sponsors on the go.
WGA coming through would be icing on the cake, but not essential.
"My loan is in Switzerland and whatever happens there [Bahrain] doesn't affect what I am doing. It has no effect on whether my loan will happen and I do believe it will happen.

Mr Serepisos admits to having paid WGA establishment fees but would not say how much those fees were.

"He has offered them back to me many a time ... I don't believe I've been scammed."

A WGA sponsorship deal of the Phoenix was also likely to happen, Mr Serepisos said. "I still believe Mr Ali will be a sponsor but he isn't the only one we've been talking to. There are three or four other parties to make up sponsorships of $10m so the Phoenix is in a very comfortable position."

He says that the $100m is still coming through and in the next breath says he has a number of other sponsors lined up too - I'm not sure I have much faith in what he says tbh.
 
 

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Unknown editor edited March 18, 2021 07:33
zonknz wrote:
Better news:

http://www.stuff.co.nz/business/5174910/Serepisos-still-expects-100m-loan

If you bother to not notice the headline, he says

Not dependent on the 100m - has restructured.
He has multiple other sponsors on the go.
WGA coming through would be icing on the cake, but not essential.
"My loan is in Switzerland and whatever happens there [Bahrain] doesn't affect what I am doing. It has no effect on whether my loan will happen and I do believe it will happen.

Mr Serepisos admits to having paid WGA establishment fees but would not say how much those fees were.

"He has offered them back to me many a time ... I don't believe I've been scammed."

A WGA sponsorship deal of the Phoenix was also likely to happen, Mr Serepisos said. "I still believe Mr Ali will be a sponsor but he isn't the only one we've been talking to. There are three or four other parties to make up sponsorships of $10m so the Phoenix is in a very comfortable position."

He says that the $100m is still coming through and in the next breath says he has a number of other sponsors lined up too - I'm not sure I have much faith in what he says tbh.