Latest on Stuff is Terry is saying "won't sell", and adding that if he's made bankrupt then the Phoenix are stuffed (a hint there for the creditors, I suppose).
But am I not right in saying that selling the Nix wouldn't get him penny one, but would just mean he'd save $1 million a year on wages bills?
But am I not right in saying that selling the Nix wouldn't get him penny one, but would just mean he'd save $1 million a year on wages bills?
This has been covered off previously.
It's certainly saleable, under certain conditions (eg: with the FFA's permission).
The questions are, what's it worth and is there a market?
It is, fundamentally, a business with few assets that loses money. People aren't knocking down doors for that sort of thing.