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Nakhle Family Feud Sells Horse Racing Empire | Auckland News
A sprawling horse racing empire tied to the wealthy Nakhle family is being liquidated amid a bitter family feud, as legal battles over misused funds and disputed assets unfold. Daniel Nakhle faces allegations of siphoning $40 million from family businesses—Byerley Park and Karaka Estate—to keep them afloat, while he claims rightful ownership of over $60 million in assets. Now declared insolvent, the companies owe $16 million to creditors, including staff and suppliers, as liquidators rush to sell off land, buildings, and even livestock to recoup losses. With investigations underway for…
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