TERRY SEREPISOS
TERRY SEREPISOS
BREAKING NEWS!
DEVLIN PRODUCER2010-10-02 14:25:14
Terry Serepisos gives his first interview since the negative publicity in The Dominon Post last week on Martin Devlin's DEVLIN ON SPORT on RadioLIVE this afternoon.
Terry will be on the show at 2.20pm.
Devlin is on air from 2pm-6pm.
* To listen back to the interview, go to www.radiolive.co.nz, go to audio and start listening from Saturday in the 2.125pm block.
here's the link
http://www.radiolive.co.nz/Terry-Serepisos/tabid/506/articleID/16521/Default.aspx
http://www.radiolive.co.nz/Terry-Serepisos/tabid/506/articleID/16521/Default.aspx
good work El Tel
Have i missed it or isnt it happening.Read it you bloody fool 
ballane2010-10-02 16:44:46
ballane2010-10-02 16:44:46
Was a pretty good interview, Terry sounds pretty fired up!
Great interview.
Martin asks the question does this sell papers or put people off buying them?
One or two on the acc forum have said before they won't be buying their papers.
I for one will not only NOT buy their paper but I will avoid ever clicking on any ad link from any on-line page i view of theirs too. its a small gesture but others who feel as strongly might consider the same.
Martin asks the question does this sell papers or put people off buying them?
One or two on the acc forum have said before they won't be buying their papers.
I for one will not only NOT buy their paper but I will avoid ever clicking on any ad link from any on-line page i view of theirs too. its a small gesture but others who feel as strongly might consider the same.
Great interview.
One or two on the acc forum have said before they won't be buying their papers.
One or two on the acc forum have said before they won't be buying their papers.
who the f**k hangs around on an ACC forum??????????
sickness beneficiaries, people who don't want to work, other bludgers...
Great interview.One or two on the acc forum have said before they won't be buying their papers.�
�
who the f**k hangs around on an ACC forum??????????
van Persie.
Bloody looking forward to the ASB Phoenix challenge! Lord Ranfurly is old hat- this should be good- two Phoenix games in one week....awesome
I listened to this interview.
That is all.
That is all.
Great interview.Martin asks the question does this sell papers or put people off buying them?One or two on the acc forum have said before they won't be buying their papers.�I for one will not only NOT buy their paper but I will avoid ever clicking on any ad link from any on-line page i view of theirs too. its a small gesture but others who feel as strongly might consider the same.
I regularly buy the friday dom post and occasionally other days but am also boycotting. Patience ran dry with some of the piece of sh*t articles relating to TS. Blatantly just trying to sell papers. Not 'buying into it'.
anyone wanna summarise the interview? Or is there an article about it out there anywhere?
Devlin asked some questions. Terry answered them.
Good to hear Terry, sounds bullish (I mean that in a good way).
I wish though that he had fronted for the conference earlier this week rather than let his accountant be in front o fthe media. It is not a good look when Terry doesnt show up .
Wouldnt it have been better for him to front up and say that the club is financially sound (which is what he said to Devlin) than not show up at all.
Yep - nix management did themselves no favours with that "interview" with the accountant looking a bit nervous and unable to answer questions and Mitchell seeming quite shifty with fob off answers.
Great interview.
One or two on the acc forum have said before they won't be buying their papers.
One or two on the acc forum have said before they won't be buying their papers.
who the f**k hangs around on an ACC forum??????????
Fair cop.meant thread.arf!
RedGed2010-10-03 22:49:21
anyone wanna summarise the interview? Or is there an article about it out there anywhere?
Have a listen.
http://www.radiolive.co.nz/Terry-Serepisos/tabid/506/articleID/16521/Default.aspx
anyone wanna summarise the interview? Or is there an article about it out there anywhere?
Have a listen.
http://www.radiolive.co.nz/Terry-Serepisos/tabid/506/articleID/16521/Default.aspx
Can't seem to get the link to work - wonder if it's a location thing.
Wouldn't work for me in chrome when I tried, had to use IE so try that if your not already.
terry telling it like it is.......
Looking through Beatles music (Lennon - not Aaron - been in the news) and thought this would be apt for Terry & his subbies & ACC & WCC & & & &
"You never give me your money;
You only give me your funny paper ,
And in the middle of negotiations you break down .
I never give you my number;
I only give my situation,
And in the middle of investigation I break down."
http://www.youtube.com/watch?v=GZz-2aKaYzA
"You never give me your money;
You only give me your funny paper ,
And in the middle of negotiations you break down .
I never give you my number;
I only give my situation,
And in the middle of investigation I break down."
http://www.youtube.com/watch?v=GZz-2aKaYzA
So let me get this straight.
Serepisos went bankrupt following the GFC. He has now repurchased Century Hotel (presumably on significant debt), at a time were global interest rates are rising, property prices are on the verge of collapse, we have persistently high consumer price inflation and supply-side shocks, etc. In other words, the current era is eerily familiar to the early contagion period of the GFC.
So this could lead him to going bankrupt, again...? Risky time to buy commercial real estate on leverage is all I'm saying...
Serepisos went bankrupt following the GFC. He has now repurchased Century Hotel (presumably on significant debt), at a time were global interest rates are rising, property prices are on the verge of collapse, we have persistently high consumer price inflation and supply-side shocks, etc. In other words, the current era is eerily familiar to the early contagion period of the GFC.
So this could lead him to going bankrupt, again...? Risky time to buy commercial real estate on leverage is all I'm saying...
So let me get this straight.
Serepisos went bankrupt following the GFC. He has now repurchased Century Hotel (presumably on significant debt), at a time were global interest rates are rising, property prices are on the verge of collapse, we have persistently high consumer price inflation and supply-side shocks, etc. In other words, the current era is eerily familiar to the early contagion period of the GFC.
So this could lead him to going bankrupt, again...? Risky time to buy commercial real estate on leverage is all I'm saying...
Serepisos went bankrupt following the GFC. He has now repurchased Century Hotel (presumably on significant debt), at a time were global interest rates are rising, property prices are on the verge of collapse, we have persistently high consumer price inflation and supply-side shocks, etc. In other words, the current era is eerily familiar to the early contagion period of the GFC.
So this could lead him to going bankrupt, again...? Risky time to buy commercial real estate on leverage is all I'm saying...
So let me get this straight.
Serepisos went bankrupt following the GFC. He has now repurchased Century Hotel (presumably on significant debt), at a time were global interest rates are rising, property prices are on the verge of collapse, we have persistently high consumer price inflation and supply-side shocks, etc. In other words, the current era is eerily familiar to the early contagion period of the GFC.
So this could lead him to going bankrupt, again...? Risky time to buy commercial real estate on leverage is all I'm saying...
Serepisos went bankrupt following the GFC. He has now repurchased Century Hotel (presumably on significant debt), at a time were global interest rates are rising, property prices are on the verge of collapse, we have persistently high consumer price inflation and supply-side shocks, etc. In other words, the current era is eerily familiar to the early contagion period of the GFC.
So this could lead him to going bankrupt, again...? Risky time to buy commercial real estate on leverage is all I'm saying...
Some brave bank or money lender must have thought it was a good idea!
Now, is the Auckland AL franchise looking for an owner?
So let me get this straight.
Serepisos went bankrupt following the GFC. He has now repurchased Century Hotel (presumably on significant debt), at a time were global interest rates are rising, property prices are on the verge of collapse, we have persistently high consumer price inflation and supply-side shocks, etc. In other words, the current era is eerily familiar to the early contagion period of the GFC.
So this could lead him to going bankrupt, again...? Risky time to buy commercial real estate on leverage is all I'm saying...
Serepisos went bankrupt following the GFC. He has now repurchased Century Hotel (presumably on significant debt), at a time were global interest rates are rising, property prices are on the verge of collapse, we have persistently high consumer price inflation and supply-side shocks, etc. In other words, the current era is eerily familiar to the early contagion period of the GFC.
So this could lead him to going bankrupt, again...? Risky time to buy commercial real estate on leverage is all I'm saying...
How bankrupt was he really though? I saw him several months after the bankruptcy announcement hiring the Penthouse at SkyCity Grand Hotel
So let me get this straight.
Serepisos went bankrupt following the GFC. He has now repurchased Century Hotel (presumably on significant debt), at a time were global interest rates are rising, property prices are on the verge of collapse, we have persistently high consumer price inflation and supply-side shocks, etc. In other words, the current era is eerily familiar to the early contagion period of the GFC.
So this could lead him to going bankrupt, again...? Risky time to buy commercial real estate on leverage is all I'm saying...
Serepisos went bankrupt following the GFC. He has now repurchased Century Hotel (presumably on significant debt), at a time were global interest rates are rising, property prices are on the verge of collapse, we have persistently high consumer price inflation and supply-side shocks, etc. In other words, the current era is eerily familiar to the early contagion period of the GFC.
So this could lead him to going bankrupt, again...? Risky time to buy commercial real estate on leverage is all I'm saying...
How bankrupt was he really though? I saw him several months after the bankruptcy announcement hiring the Penthouse at SkyCity Grand Hotel
He was as bankrupt as required to be. He was smart enough to have a lot of his cash and assets not listed under his name but other business and entities which he had limited responsibility (liability) for. Bankruptcy only really stopped him being a director of any new companies and that the current bankrupt company had to cease trading. He's clear of that now and got funding from an aussie bank to buy "his" hotel back.
I don't know enough about the business world to know how I feel about this... if he never intentially did anything shady/fraudulent to fudge people over, and it was just a case of over leveraging while trying to make more money then I still like the guy and hope he gets back to being a rich bastard who can own football clubs!
He had a reputation for not paying, a lot of the cash-flow problems he had came from the fact that his sub-contractors would only work for him if he paid up front because they knew if they didn't it would be a fight to get the money out of him.
He was trading while insolvent and spending millions on the Nix even though he couldn't even pay the guy who was cleaning his pool (literally), let alone all the tradespeople he didn't pay, as well as the millions he owed to the IRD.
He took a lot of people down with him, but afterwards was still driving his jaguar and going on overseas holidays whereas the people who worked for him lost everything.
If he tries to make a comeback as a property developer he's going to struggle as there won't be a lot of trust in him from the industry.
He was trading while insolvent and spending millions on the Nix even though he couldn't even pay the guy who was cleaning his pool (literally), let alone all the tradespeople he didn't pay, as well as the millions he owed to the IRD.
He took a lot of people down with him, but afterwards was still driving his jaguar and going on overseas holidays whereas the people who worked for him lost everything.
If he tries to make a comeback as a property developer he's going to struggle as there won't be a lot of trust in him from the industry.
He went bust following the GFC.
I feel like real estate investors have no understanding of the macroeconomy or monetary policy. We are in a global interest rate tightening cycle, where central banks are withdrawing liquidity for the financial system. We just had negative GDP growth in the last quarter in New Zealand. If the next GDP quarter print is negative, we are 'technically-speaking' in a recession. All the while we have somewhat record-high consumer price inflation. A recession + high inflation = Stagflation.
This is, in my humble opinion, a terrible time to buy property - whether residential or commercial. I feel like property markets have a way to go in terms of price declines, and we are already starting to see the signs of this in New Zealand. It could get very ugly.
This comment is not necessarily to do with Terry Serepisos. I don't know much about him, I'm sure he's a decent guy. I'm grateful that he funded the Phoenix initially, and will always be appreciative of that. However, IMO this is a very very rough time to leverage up and buy very expensive real estate.
I feel like real estate investors have no understanding of the macroeconomy or monetary policy. We are in a global interest rate tightening cycle, where central banks are withdrawing liquidity for the financial system. We just had negative GDP growth in the last quarter in New Zealand. If the next GDP quarter print is negative, we are 'technically-speaking' in a recession. All the while we have somewhat record-high consumer price inflation. A recession + high inflation = Stagflation.
This is, in my humble opinion, a terrible time to buy property - whether residential or commercial. I feel like property markets have a way to go in terms of price declines, and we are already starting to see the signs of this in New Zealand. It could get very ugly.
This comment is not necessarily to do with Terry Serepisos. I don't know much about him, I'm sure he's a decent guy. I'm grateful that he funded the Phoenix initially, and will always be appreciative of that. However, IMO this is a very very rough time to leverage up and buy very expensive real estate.