Arrangements have been put in place to ensure that a New Zealand team continues to participate in the A-League. Time is running out on property tycoon and Wellington Phoenix licence owner Terry Serepisos. He could be liquidated by the High Court in Wellington within a month.
Arrangements have been put in place to ensure that a New Zealand team continues to participate in the A-League. Time is running out on property tycoon and Wellington Phoenix licence owner Terry Serepisos. He could be liquidated by the High Court in Wellington within a month.
Following talks between Australian and New Zealand football bosses, a ‘safety net’ has been put in place to keep Phoenix in the A-league indefinitely. There is a question mark, however, about how long New Zealand Football can bankroll the club. At some point a new private owner would be essential. There have been expressions of interest, but it is difficult to tell how serious these are.