Wellington Phoenix Men

Phoenix Ownership - Rob says FTFFA (Part 1)

3999 replies · 993,112 views Locked
over 14 years ago · edited about 5 years ago · History
I agree with JD. Right from the start in this topic many of us who dared to even acknowledge the D Post had a right to consider TS's financial dealings 'news' we were made to feel we were part of the axis of evil as Dolores channelled George Bush in here with her you're either with us or against us

As more information came out (through the evil papers who funnily enough have the job of informing)  you and your other TS cheerteam slowly changed the topic to more along the lines of let's hope for the best anyway but still held tight on to your belief in Saint Terry

I went through a period of posting in this topic then gave up cause the rose glassed pitbull responses were so predictable and it jst depressed me as anyone with actual knowledge of finances, accounting, development, commercial retail sales etc just got attacked. I laughed at one of the posts read yesterday about Dolores being sick of negative whining as she has spent the most time being negative about any of us fellow YFites who dare to not follow her beliefs on this. It's made for an unhappy experience on the forums as late

And that article JD posted above is part of what I've been trying to say. There is a great chance Terry is insolvent. His assets could easily be worth nowhere near 230m and it has always been news and wether they are biased or not at least the Doom Post has given us the chance to find out that maybe Terry is an emperor with no clothes

And look Dolores I know you feel you're unfairly being called out by your so called stalkers etc and that there are others who've held your views all along... but you've kind of been the ultimate Rottweiler at the base of the tower of TS's reputation and we jst need to even brush the fence of it and we can stand and count the seconds as we hear the chain unravelling as you run full tilt at our posts. Normally you're a great forum contributor and hey I'm happy you like to have  a rosey view of life but so much of the attacking from page one of this thread has been you jumping down on dissenting opinions
stealthkiwi2011-09-05 07:43:53
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over 14 years ago · edited about 5 years ago · History
A couple of points I would like to add to this debate if I may. I have just read the article https://www.stuff.co.nz/business/money/5562843/Doubts-raised-over-value-put-on-Serepisos-property I there are two things that don't sit right with me.


"Multiple commercial property and finance market sources believe Mr Serepisos would struggle to get $60m from the sale of his commercial property, leaving a shortfall of $172m.

The sources said there was no way the remaining 150 or so residential properties Mr Serepisos owns would fetch an average $1.146m each to make up the shortfall."


[/QUOTE]

"The sources said Mr Serepisos was caught in a vicious circle from which he was unlikely to escape. As property prices fell and more creditors demanded their money, his cashflow dried up as his developments failed to sell.

Because he lacked the money to spend on maintenance or remedial work, more tenants left, as did staff who were paid late.

The sources said Mr Serepisos repeatedly made the mistake of being reluctant to accept offers from buyers in a depressed market, instead holding out for higher offers that have not materialised."




Who are these "sources" that you do not wish to name?

[QUOTE=DoomPost "Reporter" who wrote this article...]
"- The Dominion Post"


Once again the lack of a name makes me suspicious!

While I don't believe that everything is bliss with Terry's finances I do think that if a publication is prepared to print stories about this subject they should be factual and honest, both of which seem to be missing from this article.

C-Diddy2011-09-05 08:48:37

"Ive just re-visited this and once again realised that C-Diddy is a genius - a drunk, Newcastle bred disgrace - but a genius." - Hard News, 11:39am 4th June 2009

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over 14 years ago · edited about 5 years ago · History
Should remember not to post when angry. But certainly many people here - including me - seem to get angry when reading opinions they don't agree with.
Doloras2011-09-05 09:53:50

Ramming liberal dribble down your throat since 2009
This forum needs less angst and more Kate Bush threads



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over 14 years ago · edited about 5 years ago · History
james dean wrote:
Doloras - I suggest you also read this.

https://www.stuff.co.nz/business/money/5562843/Doubts-raised-over-value-put-on-Serepisos-property

Can I also point out that you have called it wrong on every single issue relating to the future of the club. I suggest you take a step back and understand the facts before accusing other well informed posters of being "someone who doesn't know what they're talking about and is making up worst-case scenarios."

Right now the only person who is making things up is you


Those who posted such things made others out to be idiots. They had no proof to what they were saying,so to us it's just someone making up the worst case.

From what I've seen,doloras has been like me (albeit a bit more animated),saying we don't know facts so why be so negative. She hasnt called anything wrong.

Your just being as condescending as ever at the moment.

Allegedly

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over 14 years ago · edited about 5 years ago · History
C-Diddy wrote:
A couple of points I would like to add to this debate if I may. I have just read the article https://www.stuff.co.nz/business/money/5562843/Doubts-raised-over-value-put-on-Serepisos-property I there are two things that don't sit right with me.


"Multiple commercial property and finance market sources believe Mr Serepisos would struggle to get $60m from the sale of his commercial property, leaving a shortfall of $172m.

The sources said there was no way the remaining 150 or so residential properties Mr Serepisos owns would fetch an average $1.146m each to make up the shortfall."


[/QUOTE]

"The sources said Mr Serepisos was caught in a vicious circle from which he was unlikely to escape. As property prices fell and more creditors demanded their money, his cashflow dried up as his developments failed to sell.

Because he lacked the money to spend on maintenance or remedial work, more tenants left, as did staff who were paid late.

The sources said Mr Serepisos repeatedly made the mistake of being reluctant to accept offers from buyers in a depressed market, instead holding out for higher offers that have not materialised."




Who are these "sources" that you do not wish to name?

[QUOTE=DoomPost "Reporter" who wrote this article...]
"- The Dominion Post"


Once again the lack of a name makes me suspicious!

While I don't believe that everything is bliss with Terry's finances I do think that if a publication is prepared to print stories about this subject they should be factual and honest, both of which seem to be missing from this article.

 
Im sorry bro, not sure if you are trying to make a joke here or not (knowing some of your previous work!), but if you dont want to name the source of your information then you would take ownership of the news article.
 
I have sources that give me some knowledge of what is happening, but that doesnt mean im going to name them. I just hope we come through the next few weeks and into a stronger, clearer position that allows us to just enjoy the football. Im over this speculation and just want to get back into supporting the club
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over 14 years ago · edited about 5 years ago · History
tpmyhill wrote:
C-Diddy wrote:
A couple of points I would like to add to this debate if I may. I have just read the article https://www.stuff.co.nz/business/money/5562843/Doubts-raised-over-value-put-on-Serepisos-property I there are two things that don't sit right with me.
"Multiple commercial property and finance market sources believe Mr Serepisos would struggle to get $60m from the sale of his commercial property, leaving a shortfall of $172m. The sources said there was no way the remaining 150 or so residential properties Mr Serepisos owns would fetch an average $1.146m each to make up the shortfall." [/QUOTE]
"The sources said Mr Serepisos was caught in a vicious circle from which he was unlikely to escape. As property prices fell and more creditors demanded their money, his cashflow dried up as his developments failed to sell. Because he lacked the money to spend on maintenance or remedial work, more tenants left, as did staff who were paid late. The sources said Mr Serepisos repeatedly made the mistake of being reluctant to accept offers from buyers in a depressed market, instead holding out for higher offers that have not materialised."
Who are these "sources" that you do not wish to name? [QUOTE=DoomPost "Reporter" who wrote this article...] "- The Dominion Post"
Once again the lack of a name makes me suspicious! While I don't believe that everything is bliss with Terry's finances I do think that if a publication is prepared to print stories about this subject they should be factual and honest, both of which seem to be missing from this article.


�

Im sorry bro, not sure if you are trying to make a joke here or not (knowing some of your previous work!), but if you dont want to name the source of your information then you would take ownership of the news article.

�

I have sources that give me some knowledge of what is happening, but that doesnt mean im going to name them. I just hope we come through the next few weeks and into a stronger, clearer position that allows us to just enjoy the football. Im over this speculation and just want to get back into supporting the club


I agree with your sentiment but what I find difficult to swallow is that if somebody at the Phoenix, lets say Terry, was rumoured to have said "The Dom Post is full of lies and deliberate deceipt" (this has not happened by the way if your reading Mr "Domininion Post"!) then the Dom Post would have no trouble at all printing his name all over the article and attributing the quote to him. However, should the reverse occur, as in this article where information about Terry Serepisos is apparently supplied and the "source" of their information is not printed, I believe that to be very unfair.
All it is doing is deliberately misleading its readers and helping them form misguided opinions about Terry Serepisos. I for one think that it is poor journalism and they should man up and stand by their alleged sources to show that they actually have fatual information on the subject.
If they aren't willing to do this then they should f*ck off and let us enjoy the upcoming football season without the fear of impending doom!C-Diddy2011-09-05 11:07:58

"Ive just re-visited this and once again realised that C-Diddy is a genius - a drunk, Newcastle bred disgrace - but a genius." - Hard News, 11:39am 4th June 2009

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over 14 years ago · edited about 5 years ago · History
Is someone who is very close to Terry going to say something? Just putting it out there, not that I know any different.tpmyhill2011-09-05 11:46:36
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over 14 years ago · edited about 5 years ago · History
What do you expect them to say?
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over 14 years ago · edited about 5 years ago · History
I wouldn't think so.

What do they say? 
'I wish Terry would f**k off' - Terry stays on, bridges burnt.
 
The backroom staff - both of them - aren't likely to be saying anything with their office 20 metres from Terry.

How's my driving? - Whine here

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over 14 years ago · edited about 5 years ago · History
Just heard that breakfast has finished and that Terry ate well, and that AFC paid, and all had a big hug at the end  
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over 14 years ago · edited about 5 years ago · History
hepatitis wrote:
Just heard that breakfast has finished and that Terry ate well, and that AFC paid, and all had a big hug at the end �



ooh, what did he have? Weet-Bix and sugar washed down with a fresh squeezed OJ??

"Ive just re-visited this and once again realised that C-Diddy is a genius - a drunk, Newcastle bred disgrace - but a genius." - Hard News, 11:39am 4th June 2009

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over 14 years ago · edited about 5 years ago · History
C-Diddy wrote:

I agree with your sentiment but what I find difficult to swallow is that if somebody at the Phoenix, lets say Terry, was rumoured to have said "The Dom Post is full of lies and deliberate deceipt" (this has not happened by the way if your reading Mr "Domininion Post"!) then the Dom Post would have no trouble at all printing his name all over the article and attributing the quote to him. However, should the reverse occur, as in this article where information about Terry Serepisos is apparently supplied and the "source" of their information is not printed, I believe that to be very unfair.
All it is doing is deliberately misleading its readers and helping them form misguided opinions about Terry Serepisos. I for one think that it is poor journalism and they should man up and stand by their alleged sources to show that they actually have fatual information on the subject.
If they aren't willing to do this then they should f*ck off and let us enjoy the upcoming football season without the fear of impending doom!


Perhaps the DP source simply doesn't want to be named? If journalists name sources who asked for confidentiality/anonimity, their career is pretty much goneski.
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over 14 years ago · edited about 5 years ago · History
el grapadura wrote:
C-Diddy wrote:

I agree with your sentiment but what I find difficult to swallow is that if somebody at the Phoenix, lets say Terry, was rumoured to have said "The Dom Post is full of lies and deliberate deceipt" (this has not happened by the way if your reading Mr "Domininion Post"!) then the Dom Post would have no trouble at all printing his name all over the article and attributing the quote to him. However, should the reverse occur, as in this article where information about Terry Serepisos is apparently supplied and the "source" of their information is not printed, I believe that to be very unfair.
All it is doing is deliberately misleading its readers and helping them form misguided opinions about Terry Serepisos. I for one think that it is poor journalism and they should man up and stand by their alleged sources to show that they actually have fatual information on the subject.
If they aren't willing to do this then they should f*ck off and let us enjoy the upcoming football season without the fear of impending doom!


Perhaps the DP source simply doesn't want to be named? If journalists name sources who asked for confidentiality/anonimity, their career is pretty much goneski.


If people aren't willing to stand by their comments then maybe they shouldn't comment in the first place!

"Ive just re-visited this and once again realised that C-Diddy is a genius - a drunk, Newcastle bred disgrace - but a genius." - Hard News, 11:39am 4th June 2009

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over 14 years ago · edited about 5 years ago · History
Jesus H Christ.... If journalists named "sources" news would simply not exist. Anonimity of souce's has happened ever since Moses chisselled out a newspaper.
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over 14 years ago · edited about 5 years ago · History
Confidential sources are part and parcel of investigative journalism, and without them it's pretty difficult to break any big story.

Sure they open up a minefield when you don't know who the information is coming from and all the problems associated with that, but it's really the type of situation where you have to take the rough with the smooth.
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over 14 years ago · edited about 5 years ago · History
el grapadura wrote:
Confidential sources are part and parcel of investigative journalism, and without them it's pretty difficult to break any big story.

Sure they open up a minefield when you don't know who the information is coming from and all the problems associated with that, but it's really the type of situation where you have to take the rough with the smooth.


Not sure that this is a breaking news story. Conjecture, as this thread is testament, has been around for months.

I think the media have had enough time to get their facts straight and print some truths rather than hiding behind hearsay.

"Ive just re-visited this and once again realised that C-Diddy is a genius - a drunk, Newcastle bred disgrace - but a genius." - Hard News, 11:39am 4th June 2009

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over 14 years ago · edited about 5 years ago · History
C-Diddy wrote:
el grapadura wrote:
Confidential sources are part and parcel of investigative journalism, and without them it's pretty difficult to break any big story.

Sure they open up a minefield when you don't know who the information is coming from and all the problems associated with that, but it's really the type of situation where you have to take the rough with the smooth.


Not sure that this is a breaking news story. Conjecture, as this thread is testament, has been around for months.

I think the media have had enough time to get their facts straight and print some truths rather than hiding behind hearsay.



Well, firstly, I was mostly commenting in general terms, rather than on this particular article. Like I said, if a source asks to remain confidential, then its professional suicide to name that source. I have no idea whether this in fact happened in this situation, but it is not all that far-fetched to think it may have.

As for the second part of your post, has the media not get their facts - as far as they as are ascertainable in the given circumstances - straight for the most part?
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over 14 years ago · edited about 5 years ago · History
I'm a little bit with C-Diddy on this. I appreciate that the 'source' is a legitimate tool in journalism but it's been used here to disguise laziness in my view. If it was some huge piece of juicy information, then sure, quote the unamed source but heck this "deep throat" is only saying something that any teller down at the ANZ Bank could tell you. This is poor journalism and something that Perry White or Mr Grant would not let you get away with in their newsroom.
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over 14 years ago · edited about 5 years ago · History
the silence from the club is deafening.
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over 14 years ago · edited about 5 years ago · History
I think you'll find that the club are getting on with doing what they do best and thats preparing for the upcoming A-League season.
Plus I don't think they need to actually weigh into the debate as they cannot add anything new.

"Ive just re-visited this and once again realised that C-Diddy is a genius - a drunk, Newcastle bred disgrace - but a genius." - Hard News, 11:39am 4th June 2009

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over 14 years ago · edited about 5 years ago · History
What news article are we talking about?  Majority have -The Dominion Post/ -Stuff at the bottom but then under the headline have the reporters name?

End of an era.  Vinnie - It's over.

If anyone cares for my inane babbling follow @iluvnix17 on the Twitter.

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over 14 years ago · edited about 5 years ago · History
tpmyhill wrote:
C-Diddy wrote:
A couple of points I would like to add to this debate if I may. I have just read the article https://www.stuff.co.nz/business/money/5562843/Doubts-raised-over-value-put-on-Serepisos-property I there are two things that don't sit right with me.


"Multiple commercial property and finance market sources believe Mr Serepisos would struggle to get $60m from the sale of his commercial property, leaving a shortfall of $172m.

The sources said there was no way the remaining 150 or so residential properties Mr Serepisos owns would fetch an average $1.146m each to make up the shortfall."


[/QUOTE]

"The sources said Mr Serepisos was caught in a vicious circle from which he was unlikely to escape. As property prices fell and more creditors demanded their money, his cashflow dried up as his developments failed to sell.

Because he lacked the money to spend on maintenance or remedial work, more tenants left, as did staff who were paid late.

The sources said Mr Serepisos repeatedly made the mistake of being reluctant to accept offers from buyers in a depressed market, instead holding out for higher offers that have not materialised."




Who are these "sources" that you do not wish to name?

[QUOTE=DoomPost "Reporter" who wrote this article...]
"- The Dominion Post"


Once again the lack of a name makes me suspicious!

While I don't believe that everything is bliss with Terry's finances I do think that if a publication is prepared to print stories about this subject they should be factual and honest, both of which seem to be missing from this article.

 
Im sorry bro, not sure if you are trying to make a joke here or not (knowing some of your previous work!), but if you dont want to name the source of your information then you would take ownership of the news article.
 
I have sources that give me some knowledge of what is happening, but that doesnt mean im going to name them. I just hope we come through the next few weeks and into a stronger, clearer position that allows us to just enjoy the football. Im over this speculation and just want to get back into supporting the club
 
Reporter is Phil Kitchin

End of an era.  Vinnie - It's over.

If anyone cares for my inane babbling follow @iluvnix17 on the Twitter.

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over 14 years ago · edited about 5 years ago · History
Yeah, Phil Kitchin is an established leader of the "Get Terry" brigade.

Ramming liberal dribble down your throat since 2009
This forum needs less angst and more Kate Bush threads



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over 14 years ago · edited about 5 years ago · History

For those who are stating that anonymous sources are 'just part of journalism', yes that is correct, but it's also one of the reasons why journalism is dying as a profession... no one wants to know the opinion of the writer anymore, no one wants to read 'sources tell us' anymore. It's all bullsh*t.  Articles are just blogs, and there's enough people writing them these days. All people want to see now is the quote directly from the horse's mouth i.e. twitter/facebook

Why does cory jane get vilified by the media because of his constant tweeting? Because he's removing the journalist from the equation... the sooner mainstream newspapers go under the better
 
Newsnow = the new media
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over 14 years ago · edited about 5 years ago · History
paulm wrote:

For those who are stating that anonymous sources are 'just part of journalism', yes that is correct, but it's also one of the reasons why journalism is dying as a profession... no one wants to know the opinion of the writer anymore, no one wants to read 'sources tell us' anymore. It's all bullsh*t.  Articles are just blogs, and there's enough people writing them these days. All people want to see now is the quote directly from the horse's mouth i.e. twitter/facebook

Why does cory jane get vilified by the media because of his constant tweeting? Because he's removing the journalist from the equation... the sooner mainstream newspapers go under the better
 
Newsnow = the new media


Sorry, I've got to disagree. Since when is journalism dying as a profession? Articles are not "just blogs", reporters are trained in areas bloggers generally are not, such as media law and ethics. While I agree the use of anonymous sources can be a bit of a cop out or often offer nothing to a story, they are more often than not a way of someone close to a story sharing something sensitive without fear of repercussions. It is up to the journalist's discretion as to when it is appropriate or not (I've probably used "sources" twice in three years reporting).

So-called mainstream media also has the credibility a blogger does not. By all means go to a blog for your news if that is what you want to do - but they can make up what they like. If we make stuff up, there are repercussions, be it from the press council or BSA, courts, or getting the sack.

As for Cory Jane, in the past he's packed a sad when he has been quoted in the media. He may like to read his NZRU contract - which says posts on public social networking sites are deemed published and may be quoted. I've got nothing against Twitter, it's great that it gets the public closer to who they are interested in, but conventional media can provide added depth, background and has that all important credibility.

In my opinion, social media and bloggers pose no threat to real journalism whatsoever.

As for the Dom Post, NBR and whoever else, I'm not going to comment on whether they have a vendetta against Terry, I just don't know. But I doubt it. I'd say they've put a lot of work (time and effort) into what is a good ongoing story, which is newsworthy, like it or not. And at the end of the day, it's selling papers and gettiing page impressions, which keeps the bosses happy. I don't like the fact Terry is in the news for all the wrong reasons, but I hardly see how reporters are to blame for doing what is essentially their job. Hell, even I've written some Terry stories.

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over 14 years ago · edited about 5 years ago · History
Footpaul wrote:
As for the Dom Post, NBR and whoever else, I'm not going to comment on whether they have a vendetta against Terry, I just don't know. But I doubt it. I'd say they've put a lot of work (time and effort) into what is a good ongoing story, which is newsworthy, like it or not. And at the end of the day, it's selling papers and gettiing page impressions, which keeps the bosses happy.


Typical journo. Says one thing and does another.

"Phoenix till they lose"

Posting 97% bollox, 8% lies and 3.658% genuine opinion. 

Genuine opinion: FTFFA

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over 14 years ago · edited about 5 years ago · History
Junior82 wrote:
Footpaul wrote:
As for the Dom Post, NBR and whoever else, I'm not going to comment on whether they have a vendetta against Terry, I just don't know. But I doubt it. I'd say they've put a lot of work (time and effort) into what is a good ongoing story, which is newsworthy, like it or not. And at the end of the day, it's selling papers and gettiing page impressions, which keeps the bosses happy.


Typical journo. Says one thing and does another.


Damn it. You can't trust us!
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over 14 years ago · edited about 5 years ago · History
el grapadura wrote:
Confidential sources are part and parcel of investigative journalism, and without them it's pretty difficult to break any big story.

Sure they open up a minefield when you don't know who the information is coming from and all the problems associated with that, but it's really the type of situation where you have to take the rough with the smooth.


As C-Diddy pointed out there was no investigative journalist who put their name to the article....


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over 14 years ago · edited about 5 years ago · History
I don't know why some people on this thread are still intent on talking about "speculation", "conjecture", "rumour" etc when Terry's financial situation has been discussed in court several times now. We may not know EXACT details, but it's pretty clear to me what is going on and I've now given up on Terry somehow turning things round. Maybe if the $100million loan comes through (ha!), however it's still a loan and how exactly would he propose to pay it back anyway??

http://www.youtube.com/watch?v=qe_B5CzbTJo - Caceres winning penalty v Perth - footage from the Fever Zone

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over 14 years ago · edited about 5 years ago · History

WE all know Terry is ion financial strife, we've all read/heard that he won't sell the team yet. The conjecture is all around the "other buyers" and sources that say they exist.

Queenslander 3x a year.

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over 14 years ago · edited about 5 years ago · History
Footpaul wrote:
[QUOTE=paulm]Sorry, I've got to disagree. Since when is journalism dying as a profession? Articles are not "just blogs", reporters are trained in areas bloggers generally are not, such as media law and ethics. While I agree the use of anonymous sources can be a bit of a cop out or often offer nothing to a story, they are more often than not a way of someone close to a story sharing something sensitive without fear of repercussions. It is up to the journalist's discretion as to when it is appropriate or not (I've probably used "sources" twice in three years reporting).

I never knew you could construct a double-oxymoron until now. Even better than "military intelligence" This was the point at which I choked on my lunch laughing. Thanks for the cheer up! Grandadi2011-09-06 13:26:01

Nostalgia isnt what it used to be...........

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over 14 years ago · edited about 5 years ago · History
Grandadi wrote:
Footpaul wrote:
[QUOTE=paulm]Sorry, I've got to disagree. Since when is journalism dying as a profession? Articles are not "just blogs", reporters are trained in areas bloggers generally are not, such as media law and ethics. While I agree the use of anonymous sources can be a bit of a cop out or often offer nothing to a story, they are more often than not a way of someone close to a story sharing something sensitive without fear of repercussions. It is up to the journalist's discretion as to when it is appropriate or not (I've probably used "sources" twice in three years reporting).

I never knew you could construct a double-oxymoron until now. Even better than "military intelligence" This was the point at which I choked on my lunch laughing. Thanks for the cheer up!


I write to both inform and entertain!
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over 14 years ago · edited about 5 years ago · History
Footpaul wrote:
Grandadi wrote:
Footpaul wrote:
[QUOTE=paulm]Sorry, I've got to disagree. Since when is journalism dying as a profession? Articles are not "just blogs", reporters are trained in areas bloggers generally are not, such as media law and ethics. While I agree the use of anonymous sources can be a bit of a cop out or often offer nothing to a story, they are more often than not a way of someone close to a story sharing something sensitive without fear of repercussions. It is up to the journalist's discretion as to when it is appropriate or not (I've probably used "sources" twice in three years reporting).

I never knew you could construct a double-oxymoron until now. Even better than "military intelligence" This was the point at which I choked on my lunch laughing. Thanks for the cheer up!


I write to both inform and entertain!
That's what NotW said (except scratch the inform part)

"Phoenix till they lose"

Posting 97% bollox, 8% lies and 3.658% genuine opinion. 

Genuine opinion: FTFFA

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over 14 years ago · edited about 5 years ago · History
hmm i deleted that - dont want the copyright police on me

Founder

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over 14 years ago · edited about 5 years ago · History
So.  The Phoenix five.  How about some theories.
 
Rob Morrison - Outed in Dom last week
Lloyd Morrison - Linked 6 months ago
Sam Morgan - Linked 6 months ago
The Chow brothers - Football oriented and the names have been rumoured as interested
 
Any other suggestions? 

How's my driving? - Whine here

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over 14 years ago · edited about 5 years ago · History
Feverish wrote:
hmm i deleted that - dont want the copyright police on me
 
The f**kers have ripped quotes off here innumerable times without so much as a 'do you mind'.  f**k 'em.
 
Ask our lawyer where it stands.

How's my driving? - Whine here

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over 14 years ago · edited about 5 years ago · History
I'll post it for you then:
 
Serepisos' Phoenix owes coach $100,000

| Colin Williscroft | Tuesday September 06, 2011

Wellington Phoenix coach Ricki Herbert is owed more than $100,000 by the Terry Serepisos-owned club and has engaged lawyers.

Former Supreme Court judge Bill Wilson confirmed to NBR that he was acting for Mr Herbert, although he could not go into detail about the nature of the work.

It was reported late last year that Mr Herbert had not been paid for weeks but that he was sticking by club owner Terry Serepisos out of loyalty.

The National Business Review understands that since that time the amount owed has increased to well over $100,000.

The Wellington Phoenix is owned by Century City Football, which itself is owned by Century City Trust, whose sole shareholder is Mr Serepisos.

As Mr Serepisos' financial problems have deepened, Mr Herbert has increasingly run the risk of  being left as an unsecured creditor, should the embattled property developer's empire fall.

While employment details are confidential, it has been estimated that Mr Herbert is supposed to be paid about $200,000 a year for coaching the Phoenix.

Wellington Phoenix chief executive Nathan Greenham could not be reached for comment on how much, if anything, the club owes its coach.

Last week Mr Serepisos' lawyer, John Billington, told the Wellington High Court that his client wanted to work with insolvency experts to facilitate a managed sale of 150 residential dwellings and six commercial properties that he owned.

Meanwhile, the five-strong consortium of Wellington businessmen who are ready to step in and buy the club to keep the A-League franchise in Wellington, are preparing themselves for a takeover.

A source spoken to by NBR said one of the Phoenix five had already flown to Australia for discussions with the Football Federation of Australia.

 

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