Sorry JD, I respect your right to have an opinion but you're talking crap here.
First of all, everyone does not think "that it is all fine". We all understand the problems but some of us simply don't equate that with needing to get rid of Terry. To state that those of us who prefer to remain calm and not get depressed about the situation are "pretending there isn't an issue" and guilty of "the worst kind of support" is a bit high and mighty. I am well aware that the emperor isn't wearing any clothes (he had to sell them), but that doesn't mean he's dead yet.[/QUOTE]
I don't believe the current situation is sustainable and I don't think without a cash injection, a restructure of Terry's business or a change in ownership we will get through the season (the CEO himself went on record saying Terry can't afford to run the club this way - nothing has changed since then). Getting rid of Terry isn't the only option but unless he can change the way his business is funded I don't see how his ownership is sustainable.
I ask you this, do you think that we have no players, no backroom staff and no off field staff by choice or because we can't afford to pay them?
Second, there is no direct relationship between WGA, Terry's other business interests and the Nix. You've been flogging the WGA loan to death but the Nix is a stand-alone business with its own revenues and costs. The WGA situation is only relevant to the Nix if a) the Nix makes a loss and b) Terry can't come up with the shortfall. Of course Terry's financial situation is a concern but the viability of the Nix is not directly dependent on a loan (or sponsorship) from WGA. Personally I believe Terry is quite happy for the media (and others) to be distracted by the WGA story while he sets about the real work of restructuring his businesses..[/QUOTE]
This is conmpletely incorrect. 1, WGA are supposedly coming through with a $10m sponsorship deal that will secure the future of the club. 2, WGA are supposedly refinancing Terry's business which currently funds the club - which runs at a loss.
You say that WGA are only relevant if the club makes a loss and Terry can't come up with the funding. Right now both are absolutely true!!
You could argue that although the nix need external funding we are not directly dependant on WGA because that funding could come from elsewhere. My understanding is that Terry has no options in the NZ or australian lending market and WGA are his only option.
If you talk to people in the property industry the general view is that Terry does not have a business to restructure...i.e. he is close to insolvency
[QUOTE=terminator_x]Third, given that he does have some financial issues I think it is very sensible that Terry has held back on recruitment so far. There is still three months to go until the start of the season which is plenty of time to put a squad together especially when 14 core players are already signed. Again, it's not ideal but under the circumstances I don't think it's a huge problem either. Plus, when the club starts selling season tickets (rumoured to be next week) there will be an immediate cash injection of around $1m (well, over a couple of months anyway).
That's true, there is still plenty of time to put a team together (clearly it is less than ideal).
But the point is that if Terry CAN'T afford to pay a full squad and backroom staff now, something has to change between now and the beginning of the season. i.e. the club is financially unsustainable
[QUOTE=terminator_x]And finally, you're wrong; the supporters do not know the club best, Terry does. If the Phoenix was 100 years old and Terry was some fly-by-night foreign owner then I might agree with you. But this is Terry's club and he knows it inside out. Sure the fans are an important part of the picture (and certainly shouldn't be taken for granted) but the idea that the fans, or some other as-yet-to-be-identified mystery saviour, are better placed than Terry to "solve things" is wishful thinking.
I have absolutely no doubt that Terry wants to save the club but I have lost almost all confidence that he can - I do not think that he has the resources to do so. Therefore, I am looking for other options to keep the club afloat. I believe the fans can and should be part of that process.
If you think Terry can and will continue to keep the club afloat than you are correct that none of this should concern you and you can quite rightly ignore anything I write in this thread.