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Phoenix Ownership - Rob says FTFFA (Part 1)

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Posted September 21, 2011 20:02 · last edited March 18, 2021 07:33

From Stuff this morning

Football Federation Australia and the Wellington Phoenix are tight-lipped after a report that Terry Serepisos "is poised to retain control" of the A-League club.

Both the FFA and the Phoenix said the Sydney Morning Herald report, which claimed Mr Serepisos had been able to refinance through Asian lenders, was "speculation".

The Phoenix owner has debts of $203 million and his creditors are due to meet tomorrow to consider a proposal that would see an "orderly" sale of his property.

The FFA and Mr Serepisos are in talks over the ownership of the Phoenix.

While no deadline has been set, the FFA wants a resolution before the start of the Phoenix season, which kicks off against Gold Coast United on October 9. An announcement is possible by the end of the week.

 
No triad money to the rescue...
sthn.jeff2011-09-22 08:05:19

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Unknown editor edited March 18, 2021 07:33
From Stuff this morning

Football Federation Australia and the Wellington Phoenix are tight-lipped after a report that Terry Serepisos "is poised to retain control" of the A-League club.

Both the FFA and the Phoenix said the Sydney Morning Herald report, which claimed Mr Serepisos had been able to refinance through Asian lenders, was "speculation".

The Phoenix owner has debts of $203 million and his creditors are due to meet tomorrow to consider a proposal that would see an "orderly" sale of his property.

The FFA and Mr Serepisos are in talks over the ownership of the Phoenix.

While no deadline has been set, the FFA wants a resolution before the start of the Phoenix season, which kicks off against Gold Coast United on October 9. An announcement is possible by the end of the week.

 
No triad money to the rescue...
sthn.jeff2011-09-22 08:05:19