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Gorman, either late on Thursday night or early Friday morning, just over a week ago, that his A-League licence would be withdrawn.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.