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Posted September 23, 2011 22:22 · last edited March 18, 2021 07:33

Woah! Gareth Morgan is talking about selling shares to the fans?


The new Phoenix owners expect the team to bleed money for at least three years but want to offer fans a financial stake in the club.

Wellington-based consortium Welnix assumed ownership of the cash-strapped club yesterday after Terry Serepisos was forced to relinquish control.

Consortium member Gareth Morgan told The Dominion Post he hoped to give Yellow Fever fans the chance to buy into the club.

"We would like to think that, if it is successful, we can involve more capital participation from the supporters. We'd like to see the Yellow Fever and beyond � those guys actually having a stake in the team in terms of shareholders."


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Unknown editor edited March 18, 2021 07:33

Woah! Gareth Morgan is talking about selling shares to the fans?

Dave Burgess, so it's probably misquoted, but never mind wrote:

The new Phoenix owners expect the team to bleed money for at least 

three years but want to offer fans a financial stake in the club.

Wellington-based consortium Welnix assumed ownership of the 

cash-strapped club yesterday after Terry Serepisos was forced to
relinquish control.

Consortium member Gareth Morgan told The Dominion Post he hoped to give Yellow Fever fans the chance to buy into the club.
"We would like to think that, if it is successful, we can involve 

more capital participation from the supporters. We'd like to see the
Yellow Fever and beyond � those guys actually having a stake in the team
in terms of shareholders."