Wellington Phoenix Men

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

225 replies · 2,046 views
almost 16 years ago · edited over 13 years ago
As long as the Nixs are doing well in the books, its none of the FFA business to look at Terry's other financial ventures. I doubt that it will happen otherwise.
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almost 16 years ago · edited over 13 years ago
AllWhitebelievr wrote:
As long as the Nixs are doing well in the books, its none of the FFA business to look at Terry's other financial ventures. I doubt that it will happen otherwise.


Only civilised response here. Well done, kept to the issue and didn't worry about who was posting it. Nice going.
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almost 16 years ago · edited over 13 years ago
Diego's son
 
The A-League is full of dodgy owners.
 
The FFA have knowingly given clubs to dodgy owners.
 
They aren't going to do sh*t to Serepisos.
 
 
 
Try again, sh*t trolling...
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almost 16 years ago · edited over 13 years ago

Like it or not, this is catching up with us. From the Dom today

"It is understood Mr Serepisos told the council that taking action to recover the $2m could jeopardise the Wellington Phoenix football franchise he owns. Mr Serepisos said he had put about $5m of his own money into the Hyundai A-League club since establishing it three years ago.

However, Wellington Mayor Kerry Prendergast said last week that she had been approached by a group of businessmen willing to fund the Phoenix should it hit hard times."

Will be pleased when the apprentice is over, it hasnt done Terry any good




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almost 16 years ago · edited over 13 years ago
Because everyone knows that Donald Trump is a model of business probity and paying your bills on time. 

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:
Because everyone knows that Donald Trump is a model of business probity and paying your bills on time.�


This.
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almost 16 years ago · edited over 13 years ago
hepatitis wrote:

Like it or not, this is catching up with us. From the Dom today

"It is understood Mr Serepisos told the council that taking action to recover the $2m could jeopardise the Wellington Phoenix football franchise he owns. Mr Serepisos said he had put about $5m of his own money into the Hyundai A-League club since establishing it three years ago.

However, Wellington Mayor Kerry Prendergast said last week that she had been approached by a group of businessmen willing to fund the Phoenix should it hit hard times."

Will be pleased when the apprentice is over, it hasnt done Terry any good




This is a bizarre thing for the Mayor to come out with. Why would a group of business approach the Mayor about bankrolling the Phoenix?  She does not own the Nix....she has nothing to do with it. Maybe she is trying to cover the councils arse if they bring Terry down and the Phoenix folds. By throwing in this mysterious group she can go for Terry and deflect any criticism for endangering the Phoenix.
 
It would be great if there were a few "yellow knights" who could ride in and help rescue the Phoenix if Terry went bust. But who would want to go into business with Terry?....his reputation is not great around Wellington.
 
Personaly I think multiple owners of a club is the best option. Having shareholders can add to the stability. A fans shareholding would be great as well. If the fans owned 5% to 10% of the shares they might even get board member. There would be quite a few fans who would fork out for a piece(small) of the action.
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almost 16 years ago · edited over 13 years ago
Egan wrote:
Diego's son
 
The A-League is full of dodgy owners.
 
The FFA have knowingly given clubs to dodgy owners.
 
They aren't going to do sh*t to Serepisos.
 
Try again, sh*t trolling...


Egan, only thing I agree with above is the FFA's stewardship.

And also, before you go and slander people, if stuff like this is coming about, then you can't ignore it just because you don't want to read it, or don't like it.

http://www.stuff.co.nz/business/industries/3652932/Council-may-go-to-banks-for-Serepisos-debt

It is understood Mr Serepisos told the council that taking action to recover the $2m could jeopardise the Wellington Phoenix football franchise he owns. Mr Serepisos said he had put about $5m of his own money into the Hyundai A-League club since establishing it three years ago.

If the other bloke who posted this before me (Hep) can say it's a worry, so can you.

Show some maturity.
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almost 16 years ago · edited over 13 years ago
New Owners wouldn't be the end of the world as long as their rich.
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almost 16 years ago · edited over 13 years ago

a.haak

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almost 16 years ago · edited over 13 years ago
Remember all that this year is an election year for the Mayoralty. The current Mayor will commit election suicide by being seen to push the button on the Phoenix. I predict a deal will be made behind the scenes and this will become tommorows chip wrapper. (hope so anyway) topiary2010-05-04 12:23:15
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almost 16 years ago · edited over 13 years ago
valeo wrote:
 
Guess there'll be no All Whites in his team then.
 
 
 
 
 
Got me coat already.
 
 
Junior822010-05-04 12:24:24

"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
If the worst came to the worst, which I don't really think it will, our success last season has made us a far more attractive proposition for any potential backers than the concept was when Terry first put his hand in his pocket. Hell, I'll even throw $10 in the pot if need be.

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

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almost 16 years ago · edited over 13 years ago
I'd much prefer that "a committee of Wellington businesmen" donate $2 million to pay Terry's rates and then Terry can sink his own money into the Nix.

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
Today's story was just a re-hash of what's already been written. There's no new information there unless you count a mention of councils' existing powers under the Local Government (Ratings) Act 2002 as "new" information.
 
At the end of the day it appears that Terry might end up doing what every other Kiwi does when they want a new car or a holiday but they're a bit short of cash - put it on the mortgage mate!
 
By the way, the Phoenix are budgeting to break-even this year. So in theory Terry would not be putting any more cash in anyway, unless it's for something unbudgeted, like a guest player maybe. Admittedly, breaking-even isn't exactly a bullet-proof business plan but it's not all doom and gloom either.
 

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almost 16 years ago · edited over 13 years ago
diego's son wrote:
Oska wrote:
LOL


At him or me? The intent of my message wasn't to be nasty, how much more can I relay this?
It was more the "Just calm down HN, I wasn't trying to be nasty," and the "Lighten ups"
You know we belong together...

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almost 16 years ago · edited over 13 years ago
Oska wrote:
diego's son wrote:
Oska wrote:
LOL


At him or me? The intent of my message wasn't to be nasty, how much more can I relay this?
It was more the "Just calm down HN, I wasn't trying to be nasty," and the "Lighten ups"


At least you saw the funny side to it and realsied I wasn't being nasty. I still got a few 'what are f..k are you on about?' with it.

AWB and yourself are getting some credit/kudo's out of this, that's for sure. Keep it up.

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almost 16 years ago · edited over 13 years ago
Would rather have the millionaire that owns our club than the billionaire that owns the other one.Bet the FFA thinks the same despite what DS tries to rell us.So the FFA would prefer yet another club they have to put money into.Some how i think not.

GET YOUR SHIRTS OFF FOR THE BOYS

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almost 16 years ago · edited over 13 years ago
diego's son wrote:
Egan wrote:
Diego's son
 
The A-League is full of dodgy owners.
 
The FFA have knowingly given clubs to dodgy owners.
 
They aren't going to do sh*t to Serepisos.
 
Try again, sh*t trolling...


Egan, only thing I agree with above is the FFA's stewardship.

And also, before you go and slander people, if stuff like this is coming about, then you can't ignore it just because you don't want to read it, or don't like it.

http://www.stuff.co.nz/business/industries/3652932/Council-may-go-to-banks-for-Serepisos-debt

It is understood Mr Serepisos told the council that taking action to recover the $2m could jeopardise the Wellington Phoenix football franchise he owns. Mr Serepisos said he had put about $5m of his own money into the Hyundai A-League club since establishing it three years ago.

If the other bloke who posted this before me (Hep) can say it's a worry, so can you.

Show some maturity.
 
It's a worry only if the FFA didn't deliver licenses to even dodgier characters than Serepisos.
 
FFA will turn a blind eye, (not saying its a good thing or bad) they just don't give a sh*t.
 
If they had, they wouldn't have allowed certain owners to own A-League sides...
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almost 16 years ago · edited over 13 years ago
Arsenal wrote:
diego's son wrote:

Oska wrote:
LOL
At him or me? The intent of my message wasn't to be nasty, how much more can I relay this?


I'm going to go out on a limb and say Oska was supporting what Hard News said.


I might even hypothise he was laughing at Diego's Son telling anyone to lighten up...


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almost 16 years ago · edited over 13 years ago
ballane wrote:
Would rather have the millionaire that owns our club than the billionaire that owns the other one. Bet the FFA thinks the same despite what DS tries to rell us. So the FFA would prefer yet another club they have to put money into.Some how i think not.


Ballane, Oska and AWB have handled it well, look at their posts for advice to guide you next time on conducting yourself.

I'll leave it at that.
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almost 16 years ago · edited over 13 years ago
martinb wrote:
Arsenal wrote:
diego's son wrote:

Oska wrote:
LOL
At him or me? The intent of my message wasn't to be nasty, how much more can I relay this?


I'm going to go out on a limb and say Oska was supporting what Hard News said.


I might even hypothise he was laughing at Diego's Son telling anyone to lighten up...


Oska has already spoken, so I'll take his view, not yours mate. You're too late.


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almost 16 years ago · edited over 13 years ago
Egan wrote:
It's a worry only if the FFA didn't deliver licenses to even dodgier characters than Serepisos.
 
FFA will turn a blind eye, (not saying its a good thing or bad) they just don't give a sh*t.
 
If they had, they wouldn't have allowed certain owners to own A-League sides...


All your points above Egan are noted.
diego's son2010-05-04 20:47:30
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almost 16 years ago · edited over 13 years ago
diego's son wrote:
Oska wrote:
diego's son wrote:
Oska wrote:
LOL


At him or me? The intent of my message wasn't to be nasty, how much more can I relay this?
It was more the "Just calm down HN, I wasn't trying to be nasty," and the "Lighten ups"


At least you saw the funny side to it and realsied I wasn't being nasty. I still got a few 'what are f..k are you on about?' with it.

AWB and yourself are getting some credit/kudo's out of this, that's for sure. Keep it up.



That's hilarious!

Nobody thinks you're being nasty DS.

A condescending know-it-all, definitely, but not nasty.


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almost 16 years ago · edited over 13 years ago
diego's son wrote:
ballane wrote:
Would rather have the millionaire that owns our club than the billionaire that owns the other one. Bet the FFA thinks the same despite what DS tries to rell us. So the FFA would prefer yet another club they have to put money into.Some how i think not.


Ballane, Oska and AWB have handled it well, look at their posts for advice to guide you next time on conducting yourself.

I'll leave it at that.
Get stuffed ,i will voice my opinion on the YF forums however the f**k i like.Get sick of some of your condescending sh*t on our forums telling us what we are supposedly doing wrong.As for advice and who should be giving it you are having a laugh.

Go back to stiring them up on 442.

GET YOUR SHIRTS OFF FOR THE BOYS

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almost 16 years ago · edited over 13 years ago
Is Diego's Son even a real person?

Maybe we're being punked. Surely nobody takes themselves that seriously.

Anyway, let's get back to the serious subject of discussing legal remedies available to the Wellington City Council under the Local Government (Rating) Act of 2002. Oh yes.

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almost 16 years ago · edited over 13 years ago
ballane wrote:
diego's son wrote:
ballane wrote:
Would rather have the millionaire that owns our club than the billionaire that owns the other one. Bet the FFA thinks the same despite what DS tries to rell us. So the FFA would prefer yet another club they have to put money into.Some how i think not.


Ballane, Oska and AWB have handled it well, look at their posts for advice to guide you next time on conducting yourself.

I'll leave it at that.
Get stuffed ,i will voice my opinion on the YF forums however the f**k i like.Get sick of some of your condescending sh*t on our forums telling us what we are supposedly doing wrong.As for advice and who should be giving it you are having a laugh.

Go back to stiring them up on 442.


Not going anywhere son. I'll go where I like to, as long as I stay within reason then I'm not going anywhere. Too bad for you.
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almost 16 years ago · edited over 13 years ago
terminator_x wrote:
Is Diego's Son even a real person?

Maybe we're being punked. Surely nobody takes themselves that seriously.

Anyway, let's get back to the serious subject of discussing legal remedies available to the Wellington City Council under the Local Government (Rating) Act of 2002. Oh yes.


I don't really give 2 hoots what you think of me mate, but yeah, back to topic. You happy now you got out of your system what you think of me?

You can speak tough being faceless now, can't you?
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almost 16 years ago · edited over 13 years ago
terminator_x wrote:


That's hilarious! Nobody thinks you're being nasty DS.

A condescending know-it-all, definitely, but not nasty.


Took me ages to get that knowledge too Term.

But as stated above, back to topic.

Anyone else wants to use the opportunity to have a go at me whilst we're at it? PM me if you want to...
diego's son2010-05-04 22:44:10
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almost 16 years ago · edited over 13 years ago
diego's son wrote:
Oska wrote:
diego's son wrote:
Oska wrote:
LOL


At him or me? The intent of my message wasn't to be nasty, how much more can I relay this?
It was more the "Just calm down HN, I wasn't trying to be nasty," and the "Lighten ups"


At least you saw the funny side to it and realsied I wasn't being nasty. I still got a few 'what are f..k are you on about?' with it.

AWB and yourself are getting some credit/kudo's out of this, that's for sure. Keep it up.

 
Oh my god, is it possible that you could take yourself more seriously?
 
As you have made your point about the FFA and its please explain could you jog on as (a) you don't live in NZ so know nothing about Wellington's Local politics, (b) know nothing about the NZ media (c) have no understanding of this matter at all beyond what you read in the paper and (d) are adding nothing at all to this debate due to (a), (b) and (c) above.  Don't assume this forum is a democracy and take your continued presence for granted 
 
Could the quote from Prendergast about other businessmen possibly be an attempt to deflate Terry's rebuttal (hey I'm doing loads for this City by funding the Phoenix, get off my back) by basically saying if you don't have the cash then there are others who can step in for you?  I think she needs to be a bit careful - she's traded on the Events Capital thing for a while now and private money is a big part of that.
 
Terry will have been hit hard by the collapse of the second tier lenders - development finance is done for, there aren't that meny shops that will be willing to give you $2m on a second (or third or fourth) mortgage with no improvement in cash flow.
james dean2010-05-05 04:17:37

Normo's coming home

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almost 16 years ago · edited over 13 years ago
I didn't think the comment from Kerry P was about deflating Terry's rebuttal so much as a genuine attempt to dampen any concerns that the Phoenix might get sucked down by this. After all, even Terry has suggested that there may be other owners of the Phoenix in the future (either with or without him) so its not like she's saying anything he hasn't already said himself.
 
The council actually appear to have been handling this quite reasonably up until now. They have never publically suggested that they are taking Terry to court or anything. That has only ever been implied by the Dom Post based on the powers that all councils have under the legislation.
 
They are in a difficult position because on the one hand they do have to collect outstanding rates (and lease payments) and be seen to treat all ratepayers the same. But on the other hand they have absolutely no interest in putting companies out of business. That's just not good for anybody and also affects their future rates and leases revenue, as well as impacting on other parts of the city's economy.
 

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almost 16 years ago · edited over 13 years ago
terminator_x wrote:
I didn't think the comment from Kerry P was about deflating Terry's rebuttal so much as a genuine attempt to dampen any concerns that the Phoenix might get sucked down by this. After all, even Terry has suggested that there may be other owners of the Phoenix in the future (either with or without him) so its not like she's saying anything he hasn't already said himself.
 
The council actually appear to have been handling this quite reasonably up until now. They have never publically suggested that they are taking Terry to court or anything. That has only ever been implied by the Dom Post based on the powers that all councils have under the legislation.
 
They are in a difficult position because on the one hand they do have to collect outstanding rates (and lease payments) and be seen to treat all ratepayers the same. But on the other hand they have absolutely no interest in putting companies out of business. That's just not good for anybody and also affects their future rates and leases revenue, as well as impacting on other parts of the city's economy.
 
 
QFT.
 
The city have to also look at the amount of revenue Serepisos has added to the coffers since the nux's inception. He may have outstanding rates, but I bet he has contributed even more than that just by the World Cup Qualifier being in Wellington rather than Auckland. Without the nux it would have been very hard for NZ Football to take the biggest football match outside of the City of Sails...
 
IMO Terry has already given the city more income than what they would have had, if he had paid the rates and there was no Wellington Phoenix FC...
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almost 16 years ago · edited over 13 years ago
Egan,
 
How has this added directly to the city's coffers? The main source of council funding is rates.
 
I'm pretty sure Terry will settle the account when he receives his tax refund from the IRD..
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almost 16 years ago · edited over 13 years ago
Dino10 wrote:
Egan,
 
How has this added directly to the city's coffers? The main source of council funding is rates.
 
I'm pretty sure Terry will settle the account when he receives his tax refund from the IRD..
 
A full house at the stadium and all the bars can afford to pay their rates for a bit longer
 
ergo, Terry doesn't have to pay his
 
QED
 
 
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almost 16 years ago · edited over 13 years ago
Campbell live did a wee piece on Terry tonight. Terry seen driving away in his car dodging the reporter.
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almost 16 years ago · edited over 13 years ago
Campbell Live did a bit of stalking tonight,and called it news.

Allegedly

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almost 16 years ago · edited over 13 years ago
Dino10 wrote:
Egan,
 
How has this added directly to the city's coffers? The main source of council funding is rates.
 
I'm pretty sure Terry will settle the account when he receives his tax refund from the IRD..
 
Yep, Terry also supports all those pubs, hotels, restaurants that people go to before and after matches that they wouldn't have gone to without the nux in existence.
 
If you just look at the New Zealand v Bahrain match alone, that resulted in 40 million dollars being spent in the local economy...
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almost 16 years ago · edited over 13 years ago
terminator_x wrote:
I didn't think the comment from Kerry P was about deflating Terry's rebuttal so much as a genuine attempt to dampen any concerns that the Phoenix might get sucked down by this. After all, even Terry has suggested that there may be other owners of the Phoenix in the future (either with or without him) so its not like she's saying anything he hasn't already said himself.
 
The council actually appear to have been handling this quite reasonably up until now. They have never publically suggested that they are taking Terry to court or anything. That has only ever been implied by the Dom Post based on the powers that all councils have under the legislation.
 
They are in a difficult position because on the one hand they do have to collect outstanding rates (and lease payments) and be seen to treat all ratepayers the same. But on the other hand they have absolutely no interest in putting companies out of business. That's just not good for anybody and also affects their future rates and leases revenue, as well as impacting on other parts of the city's economy.
 
This is a very sensible comment. Thanks TX. There are reasons why the Council doesnt want Century City to implode beyond the Phoenix. As long as their debt is secure (and apparently it is front of the queue) and they are accruing penalty interest it makes a lot of commercial sense on their part to find a solution to Terry's problems that doesnt sink him.
 
As for the suggestion he is getting favours from the Council. Its an easy thing to imply, which the Dom has done (particularly through their editorial last weekend) but they have actually got nobody on record saying it is the case. THey have only referred to "suggestions" and, in fact, the Mayor has unequivocally denied any such thing. Personally, I think that unless the newspaper can produce some evidence to the contrary suggesting he is getting favours they should apologise to the COuncil for the implication they have actively flamed.
 
And if you take the issue of whether Terry's gets favours out of the game, this is really just a tabloid campagin about a guy on tv who was really rich, but now isnt as much.
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