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Phoenix Ownership - Rob says FTFFA

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Posted January 18, 2013 09:57 · last edited January 19, 2013 23:51

Dunno if this has been raised before, but in theory could the Fever start a supporter's trust and buy into the Welnix consortium? I seem to remember under Terry it was said the club was apparently running at a loss of about $1,000,000 a season or so. Assuming that the increased spending by Welnix has been offset by higher TV revenue and that figure is roughly true, then if a trust could inject $50,000 a year into the club could it buy a 5% stake? Then the fans could have a representative on the board and at least have some role in the running of the club.

Obviously this is not going to happen any time in the foreseeable future but would such a thing be possible, at least in theory?

(I know I said "in theory" twice but I'm just making it clear I'm only wondering about the possibility)

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Unknown editor edited January 19, 2013 23:51

Dunno if this has been raised before, but in theory could the Fever start a supporter's trust and buy into the Welnix consortium? I seem to remember under Terry it was said the club was apparently running at a loss of about $1,000,000 a season or so. Assuming that the increased spending by Welnix has been offset by higher TV revenue and that figure is roughly true, then if a trust could inject $50,000 a year into the club could it buy a 5% stake? Then the fans could have a representative on the board and at least have some role in the running of the club.

Obviously this is not going to happen any time in the foreseeable future but would such a thing be possible, at least in theory?

(I know I said "in theory" twice but I'm just making it clear I'm only wondering about the possibility)