24 Sep 2011

New owners for the Phoenix

1:33 pm on 24 September 2011

New owners have been announced to take over Wellington's professional football team the Phoenix.

The financially troubled Wellington businessman Terry Serepisos has relinquished the licence for the Phoenix in a deal which salvages the team - two weeks ahead of the start of the Australasian A-League season.

The new owners include the leading Wellington businessmen Lloyd Morrison, his brother Rob, and Gareth Morgan.