More fuel for the fire NZ Herald today
but says the group is ready and Football Federation Australia is in the
loop.
"A consortium of high profile Wellington business people are ready and
waiting to take over the Phoenix if Terry Serepisos sells up.
A group of prominent Wellington businessmen, including Kiwibank board
member Rob Morrison, are understood to be behind a consortium ready to
pick up the Phoenix, if Serepisos falls under the weight of $200 million
of debt.
but says the group is ready and Football Federation Australia is in the
loop.
Morrison says the FFA knows there are significant backers, ready to step in.
Morrison says everyone knows Serepisos is in trouble, but everyone wants to see the Phoenix continue in Wellington.
Any relation? I have grave suspicions about Cr Morrison's agenda here, considering he was blowing the "OH NOES COLIN GILTRAP IS COMING" horn a while back. He certainly wants people to get used to the idea of a post-Terry Nix.
If this is legit and not someone's fantasy, do these people actually have any money? For example, could they get Ritgers to come back? And are they prepared to show the devotion to the Nix that Terry has shown over 4 years, or are they just going to get bored and sell out as soon as they realise they don't make any money?
If so, then I would have no objection in principle to this bid. But I stand by my statements that a) changing owners before the end of this season would be bonkers unless absolutely necessary; (b) Terry will not sell unless he actually goes bankrupt or he dies or goes to jail or similar.
I was thinking, why don't these well to do business people invest now and for the five years they are prepared to commit too. It will get us past a new TV deal and set up the Phoenix nicely. However, as previously discussed, Terry has probably been financing the Phoenix with loans and these businessmen will probably only step in if the Phoenix went bankrupt and basically start the Phoenix from scratch. Along the lines of NQF and a whole host of La Liga teams