ricki is dreaming ansd tryin to be positive, how can terry still think the cash is coming in? am i the only one who thinks he has lost it
What a lot of people seem to forget is that the Phoenix is a completely different business to the rest of Terry's empire. The downturn in the property market doesn't directly affect the Phoenix business model at all.
The connection between the Phoenix and the downturn in the property market is that Terry is a property developer and Terry funds any losses that the Nix make. So it's definitely in the Nix interest that Terry is in a position to cover any losses but it doesn't automatically mean the end of the world for the Nix if he's not.
It's the timing of cashflow that is the really important factor. Even if the Nix makes a loss it doesn't really come to a head until they can't pay their debts (in fact, even businesses making a profit sometimes can't pay their bills due to poor cashflow). At this point in the year the Nix should moving through a relatively cashflow positive phase (season ticket sales being the main driver) so unless they are carrying lots of unpaid debts already then there shouldn't be any immediate need for concern (or any immediate need for top-up funding from Terry).
The main issue for the Nix if Terry were to be made bankrupt on Monday is not so much that a source of funding dries up but that a bankrupt can't be a director of a limited liability company. I guess it's actually possible that Century City Football could continue to trade and hold the A-League license as long as Terry was removed as a director. I suspect, however, that the FFA have something in the license agreement that would allow them to terminate it anyway.