Amazing presentation along the lines of..... Look here is a Bank statment. It shows we have $4m sitting ready to go. Pretty convincing and very short!
If the FFA are really ready to hand the Nix licence over to whoever shows up with a bunch of money, then they're freakin' stupid. I would have hoped that the Phantasmic 5 would have also made a presentation convincing them that they actually have the knowledge, skills and commitment to make the Nix a success, competing for the HAL title and expanding the fanbase in New Zealand. (The "commitment" thing is still Terry's ace in the hole.)
I wasn't around back then, but I seem to remember that whoever owned the Kings and Knights had a budget, but not a hell of a lot else.
Option 1: Guy desperately trying (and probably failing) to stave off bankruptcy.
Option 2: FFA spend their money trying to prop the club up short-term.
Option 3: New guys arriving saying we've got money and are willing to take the lead on this thing.
If you're the FFA, which is the most appealing option?