SHEIKHS AND THE GREEK

Well apparently there is a general belief that Terry Serepisos is in Europe . However we understand that he may well be lurking in Dubai or there abouts..

Why? you work it out..

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.

IS NGAI TAHU SEREPISOS NEW BESTEST FRIENDS?

Okay, while there doesn't seem to be too much surprise that Ngai Tahu is eyeing up the good pickins from the carcass of South Canterbury Finance apparently they are also mucking around in the Capital as well.

Sources say that Ngai Tahu picked up some high profile debt of about $10million for what in financial terms looks like a song.

So does this mean us southern white chocolate Ngai Tahu beneficiaries will get free tickets to see the Phoenix???