Wellington Phoenix Men

Terry and the WCC...show me the $$$

225 replies · 2,046 views
almost 16 years ago · edited over 13 years ago
Hopefully the nix are more profitable / costly this year.
 
With the wc money for players and hopefully increased sponsorship he may get closer to breaking even. And if we can keep fan numbers up... well even better.
 
Not good to hear. Unfortunately where there is smoke there is fire!! Hopefully though, it doesn't become to serious an issue for Terry that he has to start re evaluating where his money goes.
 
Also now he really is like the trump... that man owed billions, not millions but billions and banks were so scared of him failing they gave him more money in a desperate attempt to get him out of the sh*t and recupperate their money.
 
It largely worked!
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almost 16 years ago · edited over 13 years ago
Sam,looks like you've called it correctly - more stories cropping up today.

Normo's coming home

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almost 16 years ago · edited over 13 years ago
zinidane wrote:
I am sure the Phoenix are not in any immediate danger of crashing.
 
But some of the comments about Terry being "loaded so no problems " are nieve.
The commercial property market is in severe recession. Sure, Terry owns quite a few buildings but equity in bricks and mortar does not always equate to cash in hand. If you have apartments unsold and offices empty and rental income tracking down then it affects your bottom line.
The result is that there will be cash flow issues and cash is what pays the bills at the Phoenix.
 
The irony is that with their great previous season the Phoenix are are a much better financial proposition than they ever have been . There will be more income from increased ticket sales, merchandising and sponsorship. The problem is that the Phoenix is a part of Terry Inc and will survive or fail on the basis of Terrys overall business performance.
 
As for the rumours of Terrys business practices....they should have no place in a discussion on a football forum.
 
 
But you started this thread??
 
And of course they should. We are all quick enough to compliment him for the good things we see him doing. But we're not talking about small things. If the rumors are true then his actions or in this case lack of action in paying contractors can affect people's livelihood which is a fairly major thing for small companies in the current economy. And I think that being on a high profile show such as The Apprentice as a representative of a supposed successful kiwi businessman has just got to be extra galling for the plumbers, painters etc who can't buy their groceries etc because he is withholding payment for various reasons.
 
I work for a company that has dealt with a cpl of his enterprises and heard much worse stories over the last few years that I won't be going into. But I think a  person in his position should never have stuck his hand up to say hey I'll be your Donald Trump. And I also agree he just looks big headed constantly harking on about what he has done for football in NZ. We know he has done loads - he should stop using it to side step other matters
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almost 16 years ago · edited over 13 years ago
Burgess is a rubbish journo. He keeps referring to Hard News as a co-founder..

Founder

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almost 16 years ago · edited over 13 years ago
Sue him

Founder

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almost 16 years ago · edited over 13 years ago
Terry Serepisos's business dealings with his creditors aren't getting any better. In fact, it is getting worse! Unfortunately future of Wellington Phoenix is inextricably linked to Terry's main business dealings! Howver, if Wellington Phoenix is ringfenced, it may be a different story. But Wellington Phoenix is losing $$ in droves, who will step in to take a falling knife?
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almost 16 years ago · edited over 13 years ago
You are assuming that they are getting any worse than they were three years ago though.

How's my driving? - Whine here

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almost 16 years ago · edited over 13 years ago
Hard News wrote:
You are assuming that they are getting any worse than they were three years ago though.
 
There hasn't been any evidence so far to convince me that things are worse than they were three years ago.
 
In fact so far Terry has been quite candid with the DomPost and is, I think, weathering the storm pretty well.  For example he's been clear when money is owed (in the most recent story he said of one debt: "there's no doubt I owe him $60,000"), but also been clear where there is dispute.
 
So far, I'm not bothered.

Incredible stamina. No shame. Yellow Fever.

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almost 16 years ago · edited over 13 years ago
Hard News wrote:
You are assuming that they are getting any worse than they were three years ago though.
 
There hasn't been any evidence so far to convince me that things are worse than they were three years ago.
 
In fact so far Terry has been quite candid with the DomPost and is, I think, weathering the storm pretty well.  For example he's been clear when money is owed (in the most recent story he said of one debt: "there's no doubt I owe him $60,000"), but also been clear where there is dispute.
 
So far, I'm not bothered.

Incredible stamina. No shame. Yellow Fever.

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almost 16 years ago · edited over 13 years ago
The resolution to this problem is simple.  sell one of his Lambos or Ferraris and pay to lease the YF mercedes (gamedays aside).  This should release a million... with which he can pay his creditors and provide the YF with increased publicity.   problem solved.
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almost 16 years ago · edited over 13 years ago
I think he is trying to sell some assets quickly  at discount prices

Founder

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almost 16 years ago · edited over 13 years ago
Yellow Fever Properties Ltd anyone?
 
By the way, he can't have the Merc - Liz needs it - but we could sort him out with our planned Yellow Flayva (TM - Frankie Mac) Toyota Hi-Ace.

Incredible stamina. No shame. Yellow Fever.

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almost 16 years ago · edited over 13 years ago
He could always get behind the wheel of this .. spotted on River Road .. paintwork is completely up to date (even if photo is pixellated slightly)
 
 
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almost 16 years ago · edited over 13 years ago
cronus wrote:
He could always get behind the wheel of this .. spotted on River Road .. paintwork is completely up to date (even if photo is pixellated slightly)
 
 
  see all the good things that come from the Hutt!!
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almost 16 years ago · edited over 13 years ago

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

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almost 16 years ago · edited over 13 years ago
Smithy wrote:
Yellow Fever Properties Ltd anyone?
 
By the way, he can't have the Merc - Liz needs it - but we could sort him out with our planned Yellow Flayva (TM - Frankie Mac) Toyota Hi-Ace.


After the Yellow Flayva addition to the YF fleet,  you might consider..
 
the Yellow Fever Viva...

Terry could borrow that one if he needs to flick a Ferrari in a hurry.
RedGed2010-04-26 20:55:27

  Improving,,on the up, a work in progress from Italiano and the Nix. Bring on the bathroom bling in '24! COYN!

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almost 16 years ago · edited over 13 years ago
I think it's important to realise that the property development industry is full of these types of disputes.  Developers and contractors are constantly disputing bills, are constantly having cashflow problems and as has been said elsewhere, this is only news because of Terry's profile.  The fact that I'm sure that he himself is owed money, as he has claimed, is not considered newsworthy at all.
 
What is clear (and I have personal knowledge of this) is that some of Terry's business practices would be considered "sharp" and we all need to have our eyes open about this and not be naive believeing only one side of the story.  At the same time, developing property is a fairly ruthless game and I'm sure there have been many occasions when most succesful developers have sailed close to the wind, especially those that are leveraged to the hilt.
 
But it is a little troubling that it is very difficult for fans of the club to get any information about the business because the club, or the company who owns it, aren't required to publish accoutns or any financial information at all (or if they do could someone tell me where they are?),  All we know is that Tony P says that the club is losing 1.5m a year and that Terry is happy to fund it.  But is that injected as equity, is Terry loaning the money to the club, do we lose money on matchdays etc etc.  It's all very opaque and for many people is of no interest but for those of us who do this as a job it can give you a lot of information.

Normo's coming home

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almost 16 years ago · edited over 13 years ago
Why has the Dom Post consistently use "Phoenix Owner" when talking of Terry and his property developments. I do not believe their has been any news print articles where the Phoenix creditors have been chasing TS. How often have you disputed a price of some item or service you have paid for
10% of how many million in developments is how much?

Doom the Dom.
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almost 16 years ago · edited over 13 years ago
Another article this morning, says Terry S owes the Hutt City Council $116,000 or so in rates also.
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almost 16 years ago · edited over 13 years ago

This is all just the Dom Post doing a bit of scare mongering, my bet is that some chump - like the guy named in the article on stuff this morning has made a formal complaint to the paper about big corps not paying rates and the paper has been obliged to follow up on it -  and with a little bit of digging they've fouind a few things, which if they scratched the surface on any property mogul they'd find the same thing....its only news cos its Terry - poor reporting, poor journalism - poor!

Queenslander 3x a year.

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almost 16 years ago · edited over 13 years ago
theprof wrote:

This is all just the Dom Post doing a bit of scare mongering, my bet is that some chump - like the guy named in the article on stuff this morning has made a formal complaint to the paper about big corps not paying rates and the paper has been obliged to follow up on it -  and with a little bit of digging they've fouind a few things, which if they scratched the surface on any property mogul they'd find the same thing....its only news cos its Terry - poor reporting, poor journalism - poor!

I really really dont think it is, as JD says in the post above it is pretty well known that Terrys business practises are 'sharp' as he put it.
 
I think these stories will get worse before they stop, im thinking the big story that nobody is talking about will be written before the finale of the Apprentice to have maximum effect.

www.kiwifromthecouch.blogspot.com

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almost 16 years ago · edited over 13 years ago
Ard Righ wrote:
Another article this morning, says Terry S owes the Hutt City Council $116,000 or so in rates also.
It does not say that at all, try reading it again. No wonder these stories get so out of hand.
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almost 16 years ago · edited over 13 years ago
Traveller wrote:
Ard Righ wrote:
Another article this morning, says Terry S owes the Hutt City Council $116,000 or so in rates also.
It does not say that at all, try reading it again. No wonder these stories get so out of hand.


Not sure what you are trying to say/what is out of hand. It says he owed 116 g at the end of Feb, and it was overdue. It doesnt say he has paid it yet, nor does he say that, so it is likely it is still due.

Wouldnt be surprised if he regrets doing the apprentice now, all this negative stuff that has been dredged up.


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almost 16 years ago · edited over 13 years ago
theprof wrote:

This is all just the Dom Post doing a bit of scare mongering, my bet is that some chump - like the guy named in the article on stuff this morning has made a formal complaint to the paper about big corps not paying rates and the paper has been obliged to follow up on it -� and with a little bit of digging they've fouind a few things, which if they scratched the surface on any property mogul they'd find the same thing....its only news cos its Terry - poor reporting, poor journalism - poor!



Don't be a fool. Scare mongering? There is a global recession, of course this is going to affect Terry. He is not immune to investigation just because he funds our favourite team. Sure he is not the only one owing money, but he does seem to owe the most (to the WCC) and he is quite a public figure these days. My Dad is an architect and he's told me a few rumours that don't need to be repeated on here, about how he got his money, and certain incidents with contractors. Whether these are all true or not I don't know but they certainly seem to resonate with a few on here. So, I'd say I still love Terry for what he's done for football but it would be really foolish of us to let that cover our eyes from his other discrepancies.
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almost 16 years ago · edited over 13 years ago
chocnut wrote:
theprof wrote:

This is all just the Dom Post doing a bit of scare mongering, my bet is that some chump - like the guy named in the article on stuff this morning has made a formal complaint to the paper about big corps not paying rates and the paper has been obliged to follow up on it -  and with a little bit of digging they've fouind a few things, which if they scratched the surface on any property mogul they'd find the same thing....its only news cos its Terry - poor reporting, poor journalism - poor!



Don't be a fool. Scare mongering? There is a global recession, of course this is going to affect Terry. He is not immune to investigation just because he funds our favourite team. Sure he is not the only one owing money, but he does seem to owe the most (to the WCC) and he is quite a public figure these days. My Dad is an architect and he's told me a few rumours that don't need to be repeated on here, about how he got his money, and certain incidents with contractors. Whether these are all true or not I don't know but they certainly seem to resonate with a few on here. So, I'd say I still love Terry for what he's done for football but it would be really foolish of us to let that cover our eyes from his other discrepancies.


Hey not meaning to pick on you chocnut- but I don't like these kind of hints of things. If this were a transfer rumour it would be a put up  a sauce. I don't really feel like YF is the place to be getting into this.

I'd prefer if we left it alone after all this is Terry...but if we gotta do it confirmed on the record stuff, and preferably both sides of the story.





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almost 16 years ago · edited over 13 years ago
Well, the theme song made me laugh tonight anyway! Fairly ironic.

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

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almost 16 years ago · edited over 13 years ago
martinb wrote:


Hey not meaning to pick on you chocnut- but I don't like these kind of hints of things. If this were a transfer rumour it would be a put up  a sauce. I don't really feel like YF is the place to be getting into this.

I'd prefer if we left it alone after all this is Terry...but if we gotta do it confirmed on the record stuff, and preferably both sides of the story.





I'm newish compared to most of you but this is a forum... a usually fun one but one none the less where people share their opinions, bias, gossip, rumors, intelligent discussion, casual conversation and 'sigh" putrid punnery

I think those of us who are saying hey we think there is something behind this are more just made uneasy by those of you who seem to have the football Wgtn Hero blinkers on. Just because Terry did a marvelous thing by supporting the Phoenix and helping resurrect football it doesn't mean he can't be a bad person. I'm not saying he is but some of you instantly seethe at the slightest mention of a possibility there is tarnish on his halo

we gossip and opinionate about players, teams, politicians, music stars & each other. Having one huge exception is kind of the way that media is suppressed in undemocractic countries
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almost 16 years ago · edited over 13 years ago
I'm saying talking about someone's business reputation on the basis of what someone told you that isn't in public record where the full story can be heard, and responded to is fairly close to slander.

i'm not saying he is the last of the pure philantropist moguls. I've got no idea,  but if you think there is something not right a link to a sauce would be worth it.

off topic isn't football- see Shankly, Bill.

It seems like they have something, if we wait they'll print it and then we'll see what it's all about.

edit: also we're not allowed to slog off players- surely same applies to Terry? and I think what there is to be said about this has already been said earlier in the thread.

martinb2010-04-27 19:48:11


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almost 16 years ago · edited over 13 years ago
stealthkiwi wrote:
martinb wrote:


Hey not meaning to pick on you chocnut- but I don't like these kind of hints of things. If this were a transfer rumour it would be a put up  a sauce. I don't really feel like YF is the place to be getting into this.

I'd prefer if we left it alone after all this is Terry...but if we gotta do it confirmed on the record stuff, and preferably both sides of the story.





Just because Terry did a marvelous thing by supporting the Phoenix and helping resurrect football it doesn't mean he can't be a bad person.
 
Yes it does

Founder

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almost 16 years ago · edited over 13 years ago

Loco Abreu e o cara!!!!!!!!!

Botafogo - Rio de Janeiro and Wellington Phoenix, my two teams til death do us part.

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almost 16 years ago · edited over 13 years ago
martinb wrote:

chocnut wrote:
theprof wrote:

This is all just the Dom Post doing a bit of scare mongering, my bet is that some chump - like the guy named in the article on stuff this morning has made a formal complaint to the paper about big corps not paying rates and the paper has been obliged to follow up on it -� and with a little bit of digging they've fouind a few things, which if they scratched the surface on any property mogul they'd find the same thing....its only news cos its Terry - poor reporting, poor journalism - poor!



Don't be a fool. Scare mongering? There is a global recession, of course this is going to affect Terry. He is not immune to investigation just because he funds our favourite team. Sure he is not the only one owing money, but he does seem to owe the most (to the WCC) and he is quite a public figure these days. My Dad is an architect and he's told me a few rumours that don't need to be repeated on here, about how he got his money, and certain incidents with contractors. Whether these are all true or not I don't know but they certainly seem to resonate with a few on here. So, I'd say I still love Terry for what he's done for football but it would be really foolish of us to let that cover our eyes from his other discrepancies.
Hey not meaning to pick on you chocnut- but I don't like these kind of hints of things. If this were a transfer rumour it would be a put up� a sauce. I don't really feel like YF is the place to be getting into this. I'd prefer if we left it alone after all this is Terry...but if we gotta do it confirmed on the record stuff, and preferably both sides of the story.


I know what you mean and to an extent I agree- I didn't put the details in as I don't think that's worthwile, or fair on Terry. However I'm just commenting that these rumours do exist, and the fact it's not just one person saying it surely has to make you think. I know it's hardly reliable stuff but sometimes you do get a bit of one eyedness on here. Just trying to provide a different point of view.

Steathkiwi also covered it well.
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almost 16 years ago · edited over 13 years ago
Chocnut - I agree with you, I think we all know what those rumours are and as fans of the club I think the best thing is for that to stay off this forum as they are completely unsubstantiated.  At best it is muckraking, at worst it is libelous.

Normo's coming home

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almost 16 years ago · edited over 13 years ago
Quite frankly, I don't care if Terry is as crooked as a dog's hind leg. In fact, I actually assume he is, because I assume all really rich and successful people didn't get that way by being kind to old ladies and helping sick puppies across the road. 

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



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almost 16 years ago · edited over 13 years ago
Doloras wrote:
Quite frankly, I don't care if Terry is as crooked as a dog's hind leg. In fact, I actually assume he is, because I assume all really rich and successful people didn't get that way by being kind to old ladies and helping sick puppies across the road. 


I will always care if people are crooked/dodgy/unkind... doesn't matter who they are or the things they might have done that benefits me. Thats like saying well sure that country invaded theirs but never bothered us or rounded up 'those' people into camps but like us so live and let live

I might never have been affected by Hanover but I'm the first to admit I thought 'yes karma' when Watson got injured skiing last week
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almost 16 years ago · edited over 13 years ago
Feverish wrote:
martinb wrote:


Just because Terry did a marvelous thing by supporting the Phoenix and helping resurrect football it doesn't mean he can't be a bad person.
 
Yes it does
 
+1

Queenslander 3x a year.

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almost 16 years ago · edited over 13 years ago
I notice that an article where the mayor states that TS doesnt get favourable treatment is buried on page 5 of the Dom.

Founder

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almost 16 years ago · edited over 13 years ago
Kerry Prendergast did well on Campbell "little creep" Live last night.  Campbell: Ex-Wellingtonian and sadly went to the same school as me (he was several years below me so didn't have the mispleasure of knowing him).
Junior822010-04-28 12:42:50

"Phoenix till they lose"

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

Genuine opinion: FTFFA

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almost 16 years ago · edited over 13 years ago
This is 90% tall poppy syndrome. Reading that article made me sigh at the drivel they're calling front page news.  Sure he owes money, so does everyone.  Look at yourself, what's your net worth, and how much of that is debt/mortgage/loans?

The biggest thing that told me this is tall poppy stuff in the article was that the council said there were a bunch of other businesses that owed them money, and gave figures but refused to name them.  Why call out Terry if you're not even going to mention your other owed debts?

Still, Terry didn't get where he is by luck.  I trust his stance on all this is the best way to handle this slander campaign.
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almost 16 years ago · edited over 13 years ago
Junior82 wrote:
Kerry Prendergast did well on Campbell "little creep" Live last night.  Campbell: Ex-Wellingtonian and sadly went to the same school as me (he was several years below me so didn't have the mispleasure of knowing him).
yeah was a prick. Has been little mention in the press about rates debts being 100% guaranteed in the long run.

Founder

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