There is a media conference to be held at mid-day today, and significantly, it is NOT at the Century City Towers, Serepisos' head office.
Clearly, Serepisos' business affairs have hampered the Phoenix's preparation for the upcoming A-League season. We hope that today's announcement brings some certainty, with the season due to kick off in a few weeks.
Watch this space...
UPDATE: Even before the media conference begins, the Dom-Post has Wellington's worst-kept secret:
Wellington businessman Terry Serepisos has lost control of the Phoenix football club to a Wellington based consortium, The Dominion Post understands.
The future of Wellington Phoenix football club will be revealed at noon today at a hastily organised media conference.
Mr Serepisos has been in talks with Football Federation Australia (FFA) over his continued involvement with the A-League football club, which he established in 2007.
Behind the scenes there is a consortium of businessmen, led by investment banker Rob Morrison, who are willing to step in to finance the club if Mr Serepisos is unable to do so himself. Among the names associated with the bid are Lloyd Morrison, Campbell Gower, Gareth Morgan, James Brown and Henry Tait.
It is understood that Mr Morrison has also had talks with the FFA and that the consortium would fund the club for five years.
The FFA, which controls the licence for the Phoenix, is refusing to comment ahead of the conference.
It is understood that FFA head Lyall Gorman will be at today's conference.