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Phoenix Ownership - Rob says FTFFA (Part 1)

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Posted September 13, 2011 19:31 · last edited March 18, 2021 07:33

Interesting that Done - a - chick has now confirmed he is holding documents that transfer a controlling interest in the club to him. I am not so sure about your contention JD that the money Terry owes him has been repaid. Maybe a part of it has, but who really knows. My gut feeling is that if it had of been Done -a- Chick would have said something along the lines of" I held them as security at one point but the loan has now been cleared".
It now makes some sense why Terry has said "I am not selling the Nix" and he does not seem to be willing to enter into negotiations with the mysterious phoenix phive..... He is no longer the majority owner of CCF and it is not his to sell or negotiate with. From my understanding of the License arrangements, this would also make him in breach of the Licence with FFA.
In my view the best option now is that the FFA step in on 19/9 revoke the license and then transfer it to the Phoenix Phive.

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Unknown editor edited March 18, 2021 07:33

Interesting that Done - a - chick has now confirmed he is holding documents that transfer a controlling interest in the club to him. I am not so sure about your contention JD that the money Terry owes him has been repaid. Maybe a part of it has, but who really knows. My gut feeling is that if it had of been Done -a- Chick would have said something along the lines of" I held them as security at one point but the loan has now been cleared".

It now makes some sense why Terry has said "I am not selling the Nix" and he does not seem to be willing to enter into negotiations with the mysterious phoenix phive..... He is no longer the majority owner of CCF and it is not his to sell or negotiate with. From my understanding of the License arrangements, this would also make him in breach of the Licence with FFA.
In my view the best option now is that the FFA step in on 19/9 revoke the license and then transfer it to the Phoenix Phive.