I go chop your dollar, Ctd

Terry Serepisos has been given the arse from the Phoenix. He of course is preferring to spin it another way.

Embattled property developer Terry Serepisos says he decided to relinquish control of the Wellington Phoenix A-league soccer team, though the handover could have been handled differently.

Serepisos, who is currently embroiled in court proceedings to orchestrate the orderly sell-down of a $232.5 million property portfolio, told a media conference in Wellington the Welnix Ltd consortium which has taken over the Phoenix licence “possibly should have approached me.”

The new owners, originally dubbed the Phoenix Five, actually number seven. They are headed by Kiwibank chairman Rob Morrison and also include Gareth Morgan, Lloyd Morrison, Campbell Gower, James Brown, Henry Tait and Lib Petagna.

He had no talks with them about the deal. He stressed that he wasn’t forced out of the Phoenix, rather it was a good time for him to hand over control and give him time to focus on his personal life.

“I think the consortium could have handled it a little bit different, but as I said we’re here now and this is done,” Serepisos said.

“We have to do the right thing for the right reason.”

Mmmm-ok Terry, sure we believe you, it was your choice. Oh BTW how is that loan coming along from Western Gulf Advisory?

Oh and where is my writ? Still that for that.


Do you want:

  • Ad-free access?
  • Access to our very popular daily crossword?
  • Access to daily sudoku?
  • Access to Incite Politics magazine articles?
  • Access to podcasts?
  • Access to political polls?

Our subscribers’ financial support is the reason why we have been able to offer our latest service; Audio blogs. 

Click Here  to support us and watch the number of services grow.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.

39%