Terry to sell half of Phoenix to Racing Santandar owner
Worthy of its own thread imo. This really came out of nowhere, from where I'm sitting at least. Arsenal2011-02-22 07:38:46
Worthy of its own thread imo. This really came out of nowhere, from where I'm sitting at least. Arsenal2011-02-22 07:38:46
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And I, for one, welcome our new Spanish overlords.
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Lets hope they give us some loan players. Spanish right-back and striker please. 
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Lets hope they give us some loan players. Spanish right-back and striker please.
There is a zero % chance of that happening - these kind of tie ups never eventuate into anything. I'll repeat what I wrote in the other thread
The more I think about this the more worried/annoyed I get. There is absolutely no reason for this guy, who is being brought in to recapitalise Terry's business needs to take a stake in the Phoenix (a small, loss making part of his property business). I don't see why or how the Phoenix has become so integrated and integral to Terry's businesses that any part of it needs to be sold, and it scares me a bit that so much focus seems to have come down to saving the 'nix.
I really would like to know some more details of the deal and what rights this new guy has in terms of decision making, what his plans as an investor etc are. This is being sold to us as him saving the club - is it actually that dire, and if so, was this guy the only potential investor?
There are a lot of unanswered questions and I would kind of like to know some of the detail beihnd this.
Normo's coming home
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While it's not unusual for the rest of Europe to have to bail out the Greeks, I never expected salvation to come from Spain.
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While it's not unusual for the rest of Europe to have to bail out the Greeks, I never expected salvation to come from Spain.
It hasn't.
E + R + O
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As long as the football club continues to operate along more or less the same lines (but with more money) I really don't care. Much rather the club keeps going than it folded.
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JD, thanks for repeating your post from the other thread. Pretty much spot on.
BTW, I think you've locked the wrong thread. This is not about a tie in with Racing Santander (well, I very much doubt it), but about Wellington Phoenix being caught up in a "solution" to a bigger problem. The whole thing has so many unanswered questions and is full of language and statements that don't fill me with confidence. The intertwining of Wgtn Phoenix, Century City Football (holders of the licence) and all of TS's other 'enterprises' has resulted in a very messy situation.
I don't feel comfortable about it at all.
BTW, I think you've locked the wrong thread. This is not about a tie in with Racing Santander (well, I very much doubt it), but about Wellington Phoenix being caught up in a "solution" to a bigger problem. The whole thing has so many unanswered questions and is full of language and statements that don't fill me with confidence. The intertwining of Wgtn Phoenix, Century City Football (holders of the licence) and all of TS's other 'enterprises' has resulted in a very messy situation.
I don't feel comfortable about it at all.
I know, I know, its serious!
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As long as the football club continues to operate along more or less the same lines (but with more money) I really don't care. Much rather the club keeps going than it folded.
I agree - I just hope we get some information as to how the club is going to operate and whether this will have any impact on the day to day operation
Normo's coming home
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We all need confidence in the financial base and ownership structure of the club to move forward, regardless of who is involved and what form it may take.
We all have questions which hopefully will be answered - not only for fans but also undoubtedly the FFA, for current staff (including players), and (importantly) any potential new signings.
The sooner this can be achieved the better for everybody.
We all have questions which hopefully will be answered - not only for fans but also undoubtedly the FFA, for current staff (including players), and (importantly) any potential new signings.
The sooner this can be achieved the better for everybody.
E + R + O
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Lets hope they give us some loan players. Spanish right-back and striker please.
There is a zero % chance of that happening - these kind of tie ups never eventuate into anything. I'll repeat what I wrote in the other thread
The more I think about this the more worried/annoyed I get. There is absolutely no reason for this guy, who is being brought in to recapitalise Terry's business needs to take a stake in the Phoenix (a small, loss making part of his property business). I don't see why or how the Phoenix has become so integrated and integral to Terry's businesses that any part of it needs to be sold, and it scares me a bit that so much focus seems to have come down to saving the 'nix.
I really would like to know some more details of the deal and what rights this new guy has in terms of decision making, what his plans as an investor etc are. This is being sold to us as him saving the club - is it actually that dire, and if so, was this guy the only potential investor?
There are a lot of unanswered questions and I would kind of like to know some of the detail beihnd this.
Yeah its like a kind of big screen that's made out of some kind of smoke !
The answer to life's problems are rarely found at the bottom of a beer glass - but it's always worth a look.
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As long as Wellington Phoenix FC continues to operate with competent management, I honestly don't give a damn what happens to Terry. He could end up in a cardboard box and it wouldn't bother me as long as the Nix were okay.
Ramming liberal dribble down your throat since 2009
This forum needs less angst and more Kate Bush threads
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JD, thanks for repeating your post from the other thread. Pretty much spot on.
BTW, I think you've locked the wrong thread. This is not about a tie in with Racing Santander (well, I very much doubt it), but about Wellington Phoenix being caught up in a "solution" to a bigger problem. The whole thing has so many unanswered questions and is full of language and statements that don't fill me with confidence. The intertwining of Wgtn Phoenix, Century City Football (holders of the licence) and all of TS's other 'enterprises' has resulted in a very messy situation.
I don't feel comfortable about it at all.
BTW, I think you've locked the wrong thread. This is not about a tie in with Racing Santander (well, I very much doubt it), but about Wellington Phoenix being caught up in a "solution" to a bigger problem. The whole thing has so many unanswered questions and is full of language and statements that don't fill me with confidence. The intertwining of Wgtn Phoenix, Century City Football (holders of the licence) and all of TS's other 'enterprises' has resulted in a very messy situation.
I don't feel comfortable about it at all.
Terry's got the club so intertwined in his business set up that everything could go down in a screaming heap. Hope for the best, but ...
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Some people definitely have it in for the new Nix owner. There's a whole site devoted to accusations of fraud, but if you have a look there's not much evidence to back this up. A wide boy? For sure. A Ponzi-scheming fraudster? If he's supposedly ripped off so many Oz companies of late, why aren't they complaining? Needs more work. The conspiracy theories are at:
http://www.wikifrauds.net/index.html
That they're umping on the wiki bandwagon raises credibility alarm already!
http://www.wikifrauds.net/index.html
That they're umping on the wiki bandwagon raises credibility alarm already!
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I for one think Terry is deep in the sh*t if he has to restructure everything to someone in Zurich, and I agree with the sentiments above about the Phoenix being tied so closing to Terry's other business failings.
I realise the Phoenix are a sinkhole for money, Terry knew this when he took the license, but is it too much to ask to have things structured so Phoenix are seperate from the rest of his business dealings.
I realise the Phoenix are a sinkhole for money, Terry knew this when he took the license, but is it too much to ask to have things structured so Phoenix are seperate from the rest of his business dealings.
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Checking wikipedia, the first thing that Ali Syed did when he took over Racing was to fire the coach. So the "SACK RICKI" crowd might get their wish along with the "REPLACE TERRY" crowd. Be careful what you wish for.
Someone on the other thread was going on about some Kiwi who was willing to take over. I am going to assume he means Gareth Morgan. Screw that. Since when has that guy shown any interest in football?
Someone on the other thread was going on about some Kiwi who was willing to take over. I am going to assume he means Gareth Morgan. Screw that. Since when has that guy shown any interest in football?
Ramming liberal dribble down your throat since 2009
This forum needs less angst and more Kate Bush threads
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Checking wikipedia, the first thing that Ali Syed did when he took over Racing was to fire the coach. So the "SACK RICKI" crowd might get their wish along with the "REPLACE TERRY" crowd. Be careful what you wish for.
Someone on the other thread was going on about some Kiwi who was willing to take over. I am going to assume he means Gareth Morgan. Screw that. Since when has that guy shown any interest in football?
Someone on the other thread was going on about some Kiwi who was willing to take over. I am going to assume he means Gareth Morgan. Screw that. Since when has that guy shown any interest in football?
Actually I have seen Gareth at several games albeit in the Deloitte lounge with his missus ,he even did a lap around the pitch before a game last season on his motorbike .
Lets face it his son Sam could buy the Phoenix with the small change in his back pocket if he had any desire to !
The answer to life's problems are rarely found at the bottom of a beer glass - but it's always worth a look.
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So 50% of the club is worth $100m? Ahem.
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I can't comment on Gareth Morgan's interest in Football or not, but the Rufer academy at Rongatai has been partially funded by Sam Morgan.
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Checking wikipedia, the first thing that Ali Syed did when he took over Racing was to fire the coach. So the "SACK RICKI" crowd might get their wish along with the "REPLACE TERRY" crowd. Be careful what you wish for.
Someone on the other thread was going on about some Kiwi who was willing to take over. I am going to assume he means Gareth Morgan. Screw that. Since when has that guy shown any interest in football?
Someone on the other thread was going on about some Kiwi who was willing to take over. I am going to assume he means Gareth Morgan. Screw that. Since when has that guy shown any interest in football?
Actually I have seen Gareth at several games albeit in the Deloitte lounge with his missus ,he even did a lap around the pitch before a game last season on his motorbike .
Lets face it his son Sam could buy the Phoenix with the small change in his back pocket if he had any desire to !
The Morgans are shrewd investors, only interested in making a buck.
I would find it very hard to even imagine them wanting to buy a business losing so much money with little or no chance of any return.
As for Racing, it smells like a smelly thing IMO.
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http://www.wikifrauds.net/index.html
You cannot seriously expect anyone to take that site seriously can you?
ANGST!!!!
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If this is the only option, I shall take a much more optimistic view.
Perhaps this guy heard how many world cup player we had.
Perhaps this guy heard how many world cup player we had.
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Interesting stuff! Ownership issues are the fking worst- especially trying to understand half of it with the bits and pieces of information that you get.
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Of course funding the Rufer academy at Rongotai is a slightly smaller financial commitment.
One thing that could be an opportunity if Sam Morgan did get involved would be for trade me to get into ticketing. The surcharge on every transaction from ticketek seem a touch extreme. No idea whether he would have the slightest interest in owning the phoenix though.
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I have no confidence at all in this "solution". Terry is getting into an arrangement with some big sharks here
"Spanish news website Vavel.com reported that when WGA was founded in 2008, it had a capital base of US$53,000. Three years later the annual report claims a balance of more than US$1 billion, which it pointed out was probably one of the greatest increases in history. It suggested, Vavel said, a large enterprise, with thousands of employees and hundreds of companies.
"Spanish news website Vavel.com reported that when WGA was founded in 2008, it had a capital base of US$53,000. Three years later the annual report claims a balance of more than US$1 billion, which it pointed out was probably one of the greatest increases in history. It suggested, Vavel said, a large enterprise, with thousands of employees and hundreds of companies.
Yet Vavel reported that WGA operates from a small Switzerland office, with the Daily Telegraph reporting that their Bahrain office came under question late last year, after a government investigation into their "source of funding". According to Vavel, there are fewer than 20 employees and a cadre of personal bodyguards that accompany Syed.""
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I hope Terry has some hedging or a loan swap of some sort, otherwise the low Euro zone rate will seem peanuts if the NZD drops.
Still, congratulations on restructuring.
On the football side of the equation it is great to have a footie mad (part) owner.
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a cadre of
personal bodyguards that accompany Syed
personal bodyguards that accompany Syed
I want a cadre of personal bodyguards.
Ramming liberal dribble down your throat since 2009
This forum needs less angst and more Kate Bush threads
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And I, for one, welcome our new Spanish overlords.
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Checking wikipedia, the first thing that Ali Syed did when he took over Racing was to fire the coach. So the "SACK RICKI" crowd might get their wish along with the "REPLACE TERRY" crowd. Be careful what you wish for.
Someone on the other thread was going on about some Kiwi who was willing to take over. I am going to assume he means Gareth Morgan. Screw that. Since when has that guy shown any interest in football?
Someone on the other thread was going on about some Kiwi who was willing to take over. I am going to assume he means Gareth Morgan. Screw that. Since when has that guy shown any interest in football?
Actually I have seen Gareth at several games albeit in the Deloitte lounge with his missus ,he even did a lap around the pitch before a game last season on his motorbike .
Lets face it his son Sam could buy the Phoenix with the small change in his back pocket if he had any desire to !
The Morgans are shrewd investors, only interested in making a buck.
I would find it very hard to even imagine them wanting to buy a business losing so much money with little or no chance of any return.
I would have to agree ,the only benefit I can see from owning the Phoenix football club would be the advertising exposure in Australia especially if the team is successful over there.
Other than that the only reason for owning the club would be egotistical and I don't see the Morgan's, Sam or his old man as that sort of people , but its a nice thought though!
Kiwi Jambo2011-02-22 09:15:32
The answer to life's problems are rarely found at the bottom of a beer glass - but it's always worth a look.
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I hope Terry has some hedging or a loan swap of some sort, otherwise the low Euro zone rate will seem peanuts if the NZD drops.
Still, congratulations on restructuring.
On the football side of the equation it is great to have a footie mad (part) owner.
""In the midst of the Blackburn negotiations, an effusive Syed revealed he had never been to the city and declined to name any of his favourite players, despite saying that purchasing the club, which was then �20 million in debt, would be a dream come true and fitted his business model perfectly.""
Footie mad owner. The only part of that that might be true is the second word
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Other than that the only reason for owning the club would be egotistical and I don't see the Morgan's, Sam or his old man as that sort of people , but its a nice thought though!
There is philanthropy. Getting involved in sport in your hometown which will encourage more kids to get out off their asses isn't the worst thing in the world.
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http://podcast.radionz.co.nz/mnr/mnr-20110222-0835-Morning_Sports_News_for_22_February_2011-048.mp3
Interview with Terry on Radio NZ. About 2min in.
Interview with Terry on Radio NZ. About 2min in.
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Checking wikipedia, the first thing that Ali Syed did when he took over Racing was to fire the coach. So the "SACK RICKI" crowd might get their wish along with the "REPLACE TERRY" crowd. Be careful what you wish for.
Someone on the other thread was going on about some Kiwi who was willing to take over. I am going to assume he means Gareth Morgan. Screw that. Since when has that guy shown any interest in football?
Someone on the other thread was going on about some Kiwi who was willing to take over. I am going to assume he means Gareth Morgan. Screw that. Since when has that guy shown any interest in football?
Sam not Gareth, I believe was the interest a while back.
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How old is Sam Morgan? I'm sure he's good at making money but I'm not sure I want someone younger than me owning my footy team.
Ramming liberal dribble down your throat since 2009
This forum needs less angst and more Kate Bush threads
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http://podcast.radionz.co.nz/mnr/mnr-20110222-0835-Morning_Sports_News_for_22_February_2011-048.mp3
Interview with Terry on Radio NZ. About 2min in.
Interview with Terry on Radio NZ. About 2min in.
Terry says potential that the investor may become 'major sponsor'
says Phoenix could become a 'feeder club' for Santander - i.e Rojas.
zonknz2011-02-22 09:34:22
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nargle. oh well will make the offseason interestingly nervous
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Other than that the only reason for owning the club would be egotistical and I don't see the Morgan's, Sam or his old man as that sort of people , but its a nice thought though!
There is philanthropy. Getting involved in sport in your hometown which will encourage more kids to get out off their asses isn't the worst thing in the world.
I think the Morgans philanthropy is more in line with starving children in Africa, as opposed to lazy ones in Mirimar.
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http://podcast.radionz.co.nz/mnr/mnr-20110222-0835-Morning_Sports_News_for_22_February_2011-048.mp3
Interview with Terry on Radio NZ. About 2min in.
Interview with Terry on Radio NZ. About 2min in.
That host is an ogre! Does he even know anything about sport? He thought it meant Racing Santander could just steal all our players
Great news Terry, he seems very confident in it.
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