�I feel very proud to have created this football club from scratch and I have poured all of my heart and energy into it but I have come to the conclusion that it is time to hand the licence back to FFA,� Mr Serepisos said.
�This is not an easy decision but I feel it is the right decision in the best interests of the club, New Zealand football and especially the Phoenix fans.
�I wish the new owners all of the best in the future and I will always be extremely proud of everything Wellington Phoenix has achieved.�