Friday, September 23, 2011

From The Gullible To The Voluble

Wellington Phoenix at last has been wrested from the clutches of failed entrepreneur Terry Pisspot and passed on to new owners.

Before soccer fans heave a sigh of relief, they'd better have a good look at the past performance of one of the seven new owners, one Gareth Morgan.

Never short of a yap, Mr Morgan has the distinction of running a long and futile public battle against Life Offices in New Zealand, all the while turning in consistently bottom rung returns for his long suffering depositors.

Will Wellington Phoenix join this man's large stable of losers?

Or will the other six co-owners have enough sense to keep the little yapper away from any real influence?

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