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Further financial challenges for Phoenix

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Submitted by WG on Sun, 20/02/2011 - 10:04

In addition to disappointment on the pitch, the only New Zealand team in the A-league, Wellington Phoenix, are facing further financial challenges.  Their owner, Terry Serepisos, is facing further court hearings over his financial plight, although bankruptcy filings may simply be a negotiating tactic.   Unconfirmed press reports also allege that he has been the victim of a Nigerian-style financial scam costing him $750,000.