Post history

History for Napier Phoenix

Phoenix Ownership - Rob says FTFFA (Part 1)

Back to topic

Current version

Posted September 07, 2011 08:53 · last edited March 18, 2021 07:33

Doloras wrote:
Big Daddy wrote:

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.


In other words "Ricki has got lawyers to advise him on what happens to his back pay if Terry goes bust".
I wouldn't be surprised if RH was pursuing this legal option with the knowledge and support of Terry as a way of maybe guranteeing some kind of repayment when it all goes belly-up. Something like being some kind of secured creditor that might get some owed dosh rather than left hanging in the wind.

Previous versions

1 version
Unknown editor edited March 18, 2021 07:33
Doloras wrote:
Big Daddy wrote:

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.


In other words "Ricki has got lawyers to advise him on what happens to his back pay if Terry goes bust".
I wouldn't be surprised if RH was pursuing this legal option with the knowledge and support of Terry as a way of maybe guranteeing some kind of repayment when it all goes belly-up. Something like being some kind of secured creditor that might get some owed dosh rather than left hanging in the wind.