The (lazily) accepted "truth" seems to be that the Nix lose about $1m a year, but that information comes from Terry himself who, in the past at least, has had a vested interest in pumping that number up. After all, the bigger it is the more of a hero he looks.
But are we really, consistently, losing $1m a year? Considering the amount of derision that is poured by some on other statements Terry has made about his finances I'm surprised more questioning hasn't been done of the one figure in all of this that actually matters to the future of the Nix.
One thing is for sure, right now Terry can hardly be accused of just splashing the money around and trying to buy the championship. In fact, I wouldn't be surprised to find out that the Nix currently operate on the smallest budget in the A-League.
Is it possible that Terry's creditors aren't that interested in the Nix, and that Terry himself is happy to keep the Nix going, because it isn't costing him quite as much as we have been led to believe?
Someone should call a meeting with Terry and demand to see the books
