PHOENIX FROM THE ASHES

Yip, the word over the wines at lunch time is that there are three serious players waiting to step in and rescue the Phoenix if Serepisos goes tits up for unpaid tax. Apparently no- one is willing to bail Serepisos out but some of the new moneyed boys are prepared to dig deep and rescue the team if things turn to custard. Names being bandied about include Infratil, Sam Morgan and some blokes we know who will remain nameless.

BEAUJOLAIS UPDATE

Well we have been in mourning over the loss of our favourite Wine Bar Beaujolais  and its impending closure. Rent appeared to be an issue.  We facedbooked Lloyd Morrison yesterday asking him if he owned the building - he doesn't and he says that there is a fair chance that his companies may be looking for other premises in the near future. Infratil bought Shell's retail business in NZ.
Apparently the building is owned by Heritage Properties.