The Mystery Five (see what I've done there) has got FFA go ahead on an "in principle" basis for a takeover. But FFA wont be taking any futher action until at least after tommorrow, which is their final deadline for Century City Football to pay the amounts owed to FFA and former players for superannuation and unpaid wages.
There is a formal process that would be instigated to remove the license (which is held by NZ Football?? doesnt sound right to me).
Should CCF pay up, then the FFA will not take any immediate action but are constantly in contact with regard to the current bankruptcy against the major shareholder and constantly monitoring the wages of the current players.
With regard to the $100K rumoured to be owed to the coach, no court proceedings have been issued, but counsel for Mr Herbet are advising on the status regarding likely unsecured position of the $100k and how this might be recovered.
Rock solid info, but confirmation for bored members will have to wait as this plays out over the next few weeks / months. So hearsay until then 