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.
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.