sh*t. sh*t. sh*t.
sh*t. sh*t. sh*t.
Founder
Founder
Fans of Terry Serepisos� football team the Wellington Phoenix have reacted with dismay to the future of the club appearing to hinge on a loan deal with Western Gulf Advisory.
The National Business Review broke the news Mr Serepisos was seeking a loan from WGA a fortnight ago, and today the troubled property developer publicly confirmed this news as well as his plans to sell half of the Phoenix to WGA founder Ahsan Ali Syed.
But contributors to the Phoenix�s internet forum Yellow Fever this morning were skeptical the deal would save Mr Serepisos or his football team.
�Whitehartlane� questioned why anyone would lend Mr Serepisos money: �Why would this foreign guy get involved in a string of companies debt ridden, ($9 million at last count) and losing money hand over fist?
"Coupled with Terry obviously having little or no equity in his properties, hence needing offshore financial help to bail him out, it would be the worst investment around. I don't get it and it worries me.�
�James Dean� expressed concern the Phoenix were being conflated with Mr Serepisos� business woes: �The more I think about this the more worried/annoyed I get. There is absolutely no reason for this guy [Mr Ali], who is being brought in to recapitalise Terry�s business need to take a stake in the Phoenix.�
'Ard Righ' was more blunt: "Terry is in deep sh*t if he has to restructure everything to someone in Zurich."
Meanwhile some were hopeful a tie-in with Spanish La Liga team Racing Santander, which Mr took control over last month, would boost performance on the pitch.
�Luis Garcia� said: �Let�s hope they give us some loan players. Spanish right-back and striker please.�
�Leyton Orient� said: �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.�
Another poster, in reply, said: �It hasn�t.�
Normo's coming home


You'll never beat The Salmon!
Apparently I'm apathetic, but I couldn't care less.
"Being a Partick Thistle fan sets you apart. It means youre a free thinker. It also means your team has no money." Tim Luckhurst, The Independent, 4th December 2003

Apparently I'm apathetic, but I couldn't care less.
"Being a Partick Thistle fan sets you apart. It means youre a free thinker. It also means your team has no money." Tim Luckhurst, The Independent, 4th December 2003
"Phoenix till they lose"
Posting 97% bollox, 8% lies and 3.658% genuine opinion.
Genuine opinion: FTFFA
"Phoenix till they lose"
Posting 97% bollox, 8% lies and 3.658% genuine opinion.
Genuine opinion: FTFFA
Fuck this stupid game
"Phoenix till they lose"
Posting 97% bollox, 8% lies and 3.658% genuine opinion.
Genuine opinion: FTFFA
Play???
Have enough trouble keeping up with 10 yo Jnr Jnr (and he's no speedster)
"Phoenix till they lose"
Posting 97% bollox, 8% lies and 3.658% genuine opinion.
Genuine opinion: FTFFA
"Phoenix till they lose"
Posting 97% bollox, 8% lies and 3.658% genuine opinion.
Genuine opinion: FTFFA

Apparently I'm apathetic, but I couldn't care less.
"Being a Partick Thistle fan sets you apart. It means youre a free thinker. It also means your team has no money." Tim Luckhurst, The Independent, 4th December 2003
nice comment at the bottom
The man Terry Serepisos is turning to bail out his property empire and football team, Western Gulf Advisory founder Ahsan Ali Syed, has begun paying off debt related to his purchase of La Liga team Racing Santander.
Mr Ali took control of an insolvent Racing Santander in late January, assuming 13 million euros in debt the club holds with the Spanish Treasury, AFP reported.
He "has faced up to Racing's debts with the Treasury and paid part of the debt that was urgent to avoid a seizure of the club," said the finance minister of the northern region of Cantabria, Angel Agudo.
He said Mr Ali had paid around two million euros, and had agreed on a schedule of payments to cover the rest of the debt.
Mr Ali was described in the reports as an "Indian billionaire".
Comments and questions 1Thats where Terrys application money went.
Anonoymous | Wednesday, February 23, 2011 - 4:46pm
Founder
nice comment at the bottom
The man Terry Serepisos is turning to bail out his property empire and football team, Western Gulf Advisory founder Ahsan Ali Syed, has begun paying off debt related to his purchase of La Liga team Racing Santander.
Mr Ali took control of an insolvent Racing Santander in late January, assuming 13 million euros in debt the club holds with the Spanish Treasury, AFP reported.
He "has faced up to Racing's debts with the Treasury and paid part of the debt that was urgent to avoid a seizure of the club," said the finance minister of the northern region of Cantabria, Angel Agudo.
He said Mr Ali had paid around two million euros, and had agreed on a schedule of payments to cover the rest of the debt.
Mr Ali was described in the reports as an "Indian billionaire".
Comments and questions 1Thats where Terrys application money went.
Anonoymous | Wednesday, February 23, 2011 - 4:46pm

"Phoenix till they lose"
Posting 97% bollox, 8% lies and 3.658% genuine opinion.
Genuine opinion: FTFFA
"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
Apparently I'm apathetic, but I couldn't care less.
"Being a Partick Thistle fan sets you apart. It means youre a free thinker. It also means your team has no money." Tim Luckhurst, The Independent, 4th December 2003
Apparently I'm apathetic, but I couldn't care less.
"Being a Partick Thistle fan sets you apart. It means youre a free thinker. It also means your team has no money." Tim Luckhurst, The Independent, 4th December 2003
"Phoenix till they lose"
Posting 97% bollox, 8% lies and 3.658% genuine opinion.
Genuine opinion: FTFFA
"Phoenix till they lose"
Posting 97% bollox, 8% lies and 3.658% genuine opinion.
Genuine opinion: FTFFA
"Phoenix till they lose"
Posting 97% bollox, 8% lies and 3.658% genuine opinion.
Genuine opinion: FTFFA
Apparently I'm apathetic, but I couldn't care less.
"Being a Partick Thistle fan sets you apart. It means youre a free thinker. It also means your team has no money." Tim Luckhurst, The Independent, 4th December 2003
"Phoenix till they lose"
Posting 97% bollox, 8% lies and 3.658% genuine opinion.
Genuine opinion: FTFFA