Santander Phoenix FC

I started a new topic ont his but the mods [suspect mod, singular] hid the post because it had been covered in several threads before. I believe it deserves a new thread as circumstances have changed over the last week that makes it topical again: Reads....

james dean2011-03-04 00:34:29

Would Local government be prepared to put some coin in for a couple of years ... like until the next TV deal...

FFA do not have the cash they themselves are broke .. so you need somebody if Tony goes the way the media is saying...

Tony?

Yeah the city council keep saying they'll do all they can to ensure the Nix stay afloat but what that really means is "we'd rather have someone else take care of it, because we dont really want to, so yeah nah..."

Relax fellas. 

Well if what they [whoever] say about the dollar value the Nix is worth to the local economy is tru, I'd imagine there would be some room to negotiate with one of the Councils or venues to get a good or better deal than they might from a start up, never been seen before, operation. For this to work though, more than just Wellington need to be involved or Wellington takes the lead and puts together something on its own.

Jeez Willie, blue papers man......

Missed this one yesterday:

http://www.theaustralian.com.au/news/features/in-pursuit-of-a-global-fee-for-all/story-e6frg6z6-1226015208677

"Today, Ali has his sights set on Spain and another football club, Racing Santander. The financial details surrounding his newly achieved control of the club are murky. Spanish journalists are now asking hard questions."

Hope there are enough people here to be asking the hard questions before that mongrel gets too close

Terry looks to have been sucked right in, trip to Switzerland, 100m loan, it all fits the pattern.
Bloody hell

Mods, please change thread title to: DOOOOOOOOOOOOOOOOOOOM! (Or, alternatively: "We Believe Everything We Read".)
Doloras2011-03-04 07:42:58

Fixed

The $100m he is seeking is to refinance all of his existing borrowings and while it seems a lot he does still own a considerable amount of real estate around the Wellington Area. The question is wheter it a) Has sufficient value to secure borrowing of that size Would need to be in the range of $150m value and b) whether the Assets he has produce enough income to service the interest which at 6% would amount to $6m a year.  The $6m he owes IRD is spread across a number of businesses not just the Nix.

If the IRD wind him up on Monday, which is quite likely, I would imagine, the Nix license will revert back to the FFA. The license would effectively be a worthless asset in a situation like this. In that event, the FFA may run the nix as they did the Fury for last season pending a new buyer as they may recognise that the Nix are good for the league. Agin however, this would be unlikely gien they have pulled the plug on the Fury. I could imagine the outcry from Australia if they funded a New Zealand team after pullng the plug on an Australian one.

Dark days ahead i fear!

My honest view is that in a week that the FFA have closed the Fury, they could not politically survive funding a NZ team.

The only hope of survival is Terry having some other bridging funding in place, and then future sale of the club, or the apperance of an out-and-out white knight.
zonknz2011-03-04 08:22:51

All TS has to do is pay up Monday prior to court.

Don't do a Rojas and force the hand with total negativity until the deal is signed, for better or worse.

Remember we are portrayed as the supporters not deporters.

Is he winning Powerball this weekend?

Trying to be supportive, but the join the dots implication elsewhere is that the family homes were mortgaged to fund the load arrangement fee*

(* I am not saying that IS the case, Terry, but it is implied in other places.)


In any case, this aside, i am totally grateful for everything Terry has done for not just the nix, but Football in NZ in general.  I desperately want this not to end now and here.
zonknz2011-03-04 08:34:10

What do you mean by that, concretely?  Are you saying that there would be strikes, boycotts, etc?  Or that the FFA would find its sources of funding, advertising and sponsorship endangered?

The FFA is a political federation of the sub-member states. I don't think some of those members would be very supportive of the FFA closing clubs in those member states, and funding football in NZ.

(That's aside from the questions of whether they can afford to or not)
zonknz2011-03-04 08:49:35

Well, I'm glad to get a straight answer.  So, concretely, the FFA couldn't survive some of its members not being very supportive?  I had no idea the organisation was being held up by sustained and universal applause at every decision.

What you are saying sounds like what happened to the NQ Fury after their first season. The company that held the licence folded and players contracts were void as the FFA took over the licence and club. I am sure that the Wellington Phoenix could stay the Wellington Phoenix if a new owner took the licence from Century City Football and wanted to keep the team in Wellington.

NZF holds the license, not CCF, i believe. 

NBR  are going to have a field day with this thread. It sounds confusing and a conspiracey theory to boot. Great for the sales figures.

If the "Terry's going bust, Nix will fold" crowd are right, then the NBR will be right to do so. If they are wrong, then the NBR will look even more like 'tards than MVFC. I know which one I'm hoping for.

I think that got switched over after a few months. CCF has held it for years.

I also don't think that license has any value in this situation unless Terry is somehow allowed to keep the club and sell it. If he is wound up on Monday you'd think the license goes back to Australia and they decide who [if anyone] should get it.

Rupert to buy the nix!!!!

But, yes, it's difficult to see Sky NZ wanting A-League rights without a NZ Team.

Yeah, A-League without Phoenix = Meh-League

Problem is that it still requires someone who is prepared to just throw money away for a while yet.There arnt to many like Terry who are prepared to lose what they have or havnt got.

I was under the impression that FFA granted the license to NZF who then leased it to Terry's Century City Football? Or was that just at the start and after the first season (or whenever) then license was given directly to CCF by FFA and cut the middle man (NZF) out of the equation.

Or am I completely wrong?

This.

Maybe Sky could buy a stake in the Nix, cos that worked out well last time...

I'm personally just waiting for the NBR/Doom Post's expos� on the rumours that Terry Serepisos raped and murdered a young girl in 1990, and Ali Syed has the photos.Doloras2011-03-04 15:19:59

I don't particular want it to be true, Doloras, but:

Very good point there. Certainly Terry has never shown any evidence that he didn't rape and murder a young girl in 1990, at least to the satisfaction of Dave Burgess and Matt Nippert.

Doloras, are you just begging to be quoted by NBR?
"When questioned an ardent Yellow Fever fan said 'Terry has never shown any evidence that he didn't rape and murder a young girl in 1990'."

YES. If they were to do that it would totally blow their credibility.

NBR have just connected the dots that WGA were involved in the Crafar Farms fiasco.

(WGA offered Allan Crafar a loan which (surprise!) never eventuated.)


zonknz2011-03-04 16:02:27