Pffft, he threatens to sue everyone

Terry Serepisos threatens everyone, so no surprise he threatened the Football Federation of Australia with legal action:

He publicly relinquished control of the Wellington Phoenix with dignity but, behind the scenes, Terry Serepisos threatened Football Federation Australia with legal action after it told him his licence would be revoked.

Revelations that the bankrupted property developer did not relinquish the Phoenix without a fight come after the High Court yesterday approved the partial release of an affidavit in which he outlined the collapse of his empire.

It was Mr Serepisos’ parlous financial state – he was declared bankrupt three days after losing the Phoenix – that contributed to the FFA stripping him of the licence to operate the club.

Mr Serepisos was notified by FFA boss Lyall Gorman, either late on Thursday night or early Friday morning, just over a week ago, that his A-League licence would be withdrawn.

A new licence was issued to a consortium of seven Wellington businessmen for the club to play in the A-League for the next five years.

It is understood Mr Serepisos threatened the FFA with legal action after losing the Phoenix, a threat that was still hanging in the air until shortly before a press conference organised for noon on Friday last week.

Mr Gorman briefed Wellington City Council about the change in ownership less than three hours before the press conference was to begin.

It is understood that he told the council about the threatened legal action and that he was unsure how Mr Serepisos would publicly respond to losing the Phoenix.

However, he was optimistic that Mr Serepisos would bow out “gracefully”.

Unsurprisingly the threat of legal action turned out to be as serious as his loan from Honkers and the one from Western Gulf Advisory. I’m still waiting for the writ for his threats to sue me.

Full of piss and wind is our Terry.


THANK YOU for being a subscriber. Because of you Whaleoil is going from strength to strength. It is a little known fact that Whaleoil subscribers are better in bed, good looking and highly intelligent. Sometimes all at once! Please Click Here Now to subscribe to an ad-free Whaleoil.

  • Anonymous

    Cam, are you thinking of the little known English case Arkell v. Pressdram (1971).
    The plaintiff was the subject of an article [in Private Eye] relating to illicit payments, and the magazine had ample evidence to back up the article. Arkell’s lawyers wrote a letter which concluded: “His attitude to damages will be governed by the nature of your reply.” The magazine’s response was, in full: “We acknowledge your letter of 29th April referring to Mr J. Arkell. We note that Mr Arkell’s attitude to damages will be governed by the nature of our reply and would therefore be grateful if you would inform us what his attitude to damages would be, were he to learn that the nature of our reply is as follows: fuck off.”

    • Agent BallSack

      I can think of at least several civil and a hundred criminal appeal cases where that reply should be more than sufficient.

  • thor42

    Serepisos did well to get the Phoenix off the ground, but I’m very glad that the club is now on a more stable footing financially with that consortium running things now.
    Hopefully Terry S can now just blend back into the woodwork, not generating any more news articles. There should be a ban on reporting anything about him from now on – it’s a waste of space.

  • Anonymous

    Yep Cam, he is “full of piss and wind like the barbers cat”


    Terry is a tosser.