Wont he have tp sell the nixs?[/QUOTE]
All he "owns" is the licence from FFA and that's not worth beans. Terry is not bankrupt and therefore doesn't have to sell anything in particular - he just needs to make these creditors go away, which means it is best for him to sell anything which actually makes money (i.e. not the Nix).
By the way, note how the noted "journalists" at the DoomPost use the word "crumpled" to make it appear to the retarded or slow-of-thinking that this is an actual bankruptcy rather than a plan to avoid bankruptcy that the various creditors seem good with, if it'll work.
[quote=those scum]
The consequences of these proceedings for the Wellington Phoenix football club are uncertain at the moment.
All he "owns" is the licence from FFA and that's not worth beans. Terry is not bankrupt and therefore doesn't have to sell anything in particular - he just needs to make these creditors go away, which means it is best for him to sell anything which actually makes money (i.e. not the Nix).
By the way, note how the noted "journalists" at the DoomPost use the word "crumpled" to make it appear to the retarded or slow-of-thinking that this is an actual bankruptcy rather than a plan to avoid bankruptcy that the various creditors seem good with, if it'll work.
[quote=those scum]
The consequences of these proceedings for the Wellington Phoenix football club are uncertain at the moment.
Translation: "We can't actually think of any way that this means imminent doom of the Phoenix and a good laugh for our rugby-loving advertisers, but give us time."
Doloras2011-08-29 11:43:07